Can someone explain File >> hex >> DWORD?

So im reading hex numbers from a text document and i found the solution for reading the whole thing which turned out to be File >> hex >> DWORD; but i dont understand exactly what hex is doing there, can someone explain it? not knowing what im doing in my code bugs the hell out of me :/
It's telling the 'File' object for format the input as hexadecimal rather than decimal. So a string of "10" will get read back as sixteen and not as ten.
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