Huarong International Financial Holdings (HKSE:00993) ROCE % : 7.76% (As of Dec. 2023)

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What is Huarong International Financial Holdings 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. Huarong International Financial Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.76%.

Huarong International Financial Holdings ROCE % Historical Data

The historical data trend for Huarong International Financial Holdings'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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Huarong International Financial Holdings ROCE % Chart

Huarong International Financial Holdings Annual Data

Trend

Apr14

Apr15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.24

-11.27

-9.33

-30.56

-10.24

Huarong International Financial Holdings Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-19.16	-30.19	-27.28	-22.36	7.76

Huarong International Financial Holdings ROCE % Calculation

Huarong International Financial Holdings'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 )
	=	-239.355	/	( ( (5731.954 - 2186.387)	+	(3918.266 - 2787.867) )	/ 2 )
	=	-239.355	/	( (3545.567	+	1130.399)	/ 2 )
	=	-239.355	/	2337.983
	=	-10.24 %

Huarong International Financial Holdings'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 )
	=	110.874	/	( ( (5103.634 - 3375.705)	+	(3918.266 - 2787.867) )	/ 2 )
	=	110.874	/	( ( 1727.929	+	1130.399 )	/ 2 )
	=	110.874	/	1429.164
	=	7.76 %

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

Huarong International Financial Holdings (HKSE:00993) 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.

Huarong International Financial Holdings ROCE % Related Terms

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Huarong International Financial Holdings (HKSE:00993) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Huarong International Financial Holdings Ltd (HKSE:00993) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

93W:Germany

Address

60 Gloucester Road, 15th Floor, China Huarong Tower, Wanchai, Hong Kong, HKG

Website

https://www.hrif.com.hk

Huarong International Financial Holdings Ltd is a finance company that provides brokerage services on securities, investment banking, futures, and asset management. The company operates through four segments. The securities segment is composed of the brokerage and trading of securities, futures and options contracts, and margin financing services. The corporate finance segment provides securities underwriting, sponsoring, and financial advisory services to institutional clients. The asset management and direct investment segment consists of asset management services and direct investments in equities, bonds, funds, derivative instruments, and other financial products. The financial services and others segment comprises finance lease services and business consulting services.

Executives

Shinning Rhythm Limited	2106 Person having a security interest in shares
Dong Jufeng
Jia Tianjiang
China Tian Yuan Asset Management Limited
China Tian Yuan Manganese Finance (holdings) Limited
Ningxia Tianyuan Manganese Industry Group Co., Ltd.
Tian Yuan Manganese Limited
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
China Tian Yuan Finance Group (holdings) Limited	2201 Interest of corporation controlled by you
China Tian Yuan International Finance Limited	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li You Xian Gong Si	2106 Person having a security interest in shares

Huarong International Financial Holdings (HKSE:00993) Headlines

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