Green Hydrogen Systems A/S (OCSE:GREENH) ROCE % : -33.71% (As of Dec. 2023)

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What is Green Hydrogen Systems A/S ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Green Hydrogen Systems A/S's annualized ROCE % for the quarter that ended in Dec. 2023 was -33.71%.

Green Hydrogen Systems A/S ROCE % Historical Data

The historical data trend for Green Hydrogen Systems A/S's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Green Hydrogen Systems A/S ROCE % Chart

Green Hydrogen Systems A/S Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-87.37

-72.14

-70.89

-27.85

-34.04

Green Hydrogen Systems A/S Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					-15.66	-27.01	-29.36	-46.30	-33.71

Green Hydrogen Systems A/S ROCE % Calculation

Green Hydrogen Systems A/S's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-362.717	/	( ( (1549.982 - 683.367)	+	(2366.022 - 1101.467) )	/ 2 )
	=	-362.717	/	( (866.615	+	1264.555)	/ 2 )
	=	-362.717	/	1065.585
	=	-34.04 %

Green Hydrogen Systems A/S's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-344.428	/	( ( (1761.668 - 982.481)	+	(2366.022 - 1101.467) )	/ 2 )
	=	-344.428	/	( ( 779.187	+	1264.555 )	/ 2 )
	=	-344.428	/	1021.871
	=	-33.71 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Green Hydrogen Systems A/S (OCSE:GREENH) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Green Hydrogen Systems A/S ROCE % Related Terms

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Green Hydrogen Systems A/S (OCSE:GREENH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Green Hydrogen Systems A/S (OCSE:GREENH) » Definitions » ROCE %

Traded in Other Exchanges

3LUA:Germany

Address

Nordager 21, Kolding, DNK, DK-6000

Website

https://www.greenhydrogen.dk

Green Hydrogen Systems A/S is a provider of standardised and modular electrolysers for the production of green hydrogen solely based on renewable energy. The firm caters to industries that establish on-site green hydrogen production for different purposes as well as energy and transport companies being at the forefront of the development of Power-to-X applications and transition towards emission-free fuel. It generates revenue from the sale and installation of complete alkaline electrolysis solutions as well as the service of the installed systems. The company derives its revenue from Denmark, Norway, Sweden and other countries.

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