China High Precision Automation Group (HKSE:00591) ROCE % : -0.65% (As of Dec. 2023)

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What is China High Precision Automation Group 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. China High Precision Automation Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.65%.

China High Precision Automation Group ROCE % Historical Data

The historical data trend for China High Precision Automation Group'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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China High Precision Automation Group ROCE % Chart

China High Precision Automation Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-2.40

-5.06

-1.57

-1.96

-1.20

China High Precision Automation Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.22	-3.67	-0.34	-2.11	-0.65

China High Precision Automation Group ROCE % Calculation

China High Precision Automation Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-23.772	/	( ( (2135.365 - 74.236)	+	(1984.185 - 81.645) )	/ 2 )
	=	-23.772	/	( (2061.129	+	1902.54)	/ 2 )
	=	-23.772	/	1981.8345
	=	-1.20 %

China High Precision Automation Group'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 )
	=	-12.396	/	( ( (1984.185 - 81.645)	+	(1969.657 - 73.655) )	/ 2 )
	=	-12.396	/	( ( 1902.54	+	1896.002 )	/ 2 )
	=	-12.396	/	1899.271
	=	-0.65 %

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

China High Precision Automation Group (HKSE:00591) 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.

China High Precision Automation Group ROCE % Related Terms

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China High Precision Automation Group (HKSE:00591) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China High Precision Automation Group Ltd (HKSE:00591) » Definitions » ROCE %

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HPAGF:USA

Address

18 Fenwick Street, 7th Floor, Room 703, Jubilee Centre, Wanchai, Hong Kong, HKG

Website

http://www.chpag.cn

China High Precision Automation Group Ltd is an investment holding company, which through its subsidiaries engages in the research, development, manufacturing, and sale of industrial automation instrument and technology products. It operates through the following segments: Automation Instrument and Technology Products and Horological Instruments. The Automation Instrument and Technology Products segment which earns majority revenue manufactures and trades intelligent display instruments, flow accumulate instruments, pressure transmitters, and logging control instruments. Its Horological Instruments covers the manufacture and trade of multi-functional all-plastic quartz watch movements. Geographically the company receives maximum revenue from the People's Republic of China.

Executives

Wong Fun Chung

2101 Beneficial owner

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