Next Hydrogen Solutions (TSXV:NXH) ROCE % : -70.02% (As of Mar. 2024)

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What is Next Hydrogen Solutions 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. Next Hydrogen Solutions's annualized ROCE % for the quarter that ended in Mar. 2024 was -70.02%.

Next Hydrogen Solutions ROCE % Historical Data

The historical data trend for Next Hydrogen Solutions'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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Next Hydrogen Solutions ROCE % Chart

Next Hydrogen Solutions Annual Data

Trend

Dec20

Jan21

Dec22

Dec23

ROCE %

-16.75

-80.72

-44.35

Next Hydrogen Solutions Quarterly Data
	Jul19	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													-43.54	-42.34	-37.11	-59.11	-70.02

Next Hydrogen Solutions ROCE % Calculation

Next Hydrogen Solutions'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 )
	=	-11.778	/	( ( (33.728 - 1.456)	+	(25.443 - 4.606) )	/ 2 )
	=	-11.778	/	( (32.272	+	20.837)	/ 2 )
	=	-11.778	/	26.5545
	=	-44.35 %

Next Hydrogen Solutions's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-13.448	/	( ( (25.443 - 4.606)	+	(22.986 - 5.411) )	/ 2 )
	=	-13.448	/	( ( 20.837	+	17.575 )	/ 2 )
	=	-13.448	/	19.206
	=	-70.02 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Next Hydrogen Solutions (TSXV:NXH) 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.

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Next Hydrogen Solutions (TSXV:NXH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Next Hydrogen Solutions Inc (TSXV:NXH) » Definitions » ROCE %

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NXHSF:USA

Address

6610 Edwards Boulevard, Mississauga, ON, CAN, L5T 2V6

Website

https://www.nexthydrogen.com

Next Hydrogen Solutions Inc is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Its cell design architecture enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. The company generates revenue from customer contracts from the principal sources of product and equipment sales and services as well as aftermarket sales.

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