Hengxin Technology (HKSE:01085) ROCE % : 7.29% (As of Dec. 2023)

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What is Hengxin Technology 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. Hengxin Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.29%.

Hengxin Technology ROCE % Historical Data

The historical data trend for Hengxin Technology'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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Hengxin Technology ROCE % Chart

Hengxin Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.72

5.13

4.63

4.58

5.64

Hengxin Technology 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															7.08	3.89	5.53	5.70	7.29

Hengxin Technology ROCE % Calculation

Hengxin Technology'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 )
	=	171.204	/	( ( (2839.067 - 706.32)	+	(4646.122 - 709.678) )	/ 2 )
	=	171.204	/	( (2132.747	+	3936.444)	/ 2 )
	=	171.204	/	3034.5955
	=	5.64 %

Hengxin Technology'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 )
	=	221.014	/	( ( (3002.804 - 873.643)	+	(4646.122 - 709.678) )	/ 2 )
	=	221.014	/	( ( 2129.161	+	3936.444 )	/ 2 )
	=	221.014	/	3032.8025
	=	7.29 %

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

Hengxin Technology (HKSE:01085) 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.

Hengxin Technology ROCE % Related Terms

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Hengxin Technology (HKSE:01085) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengxin Technology Ltd (HKSE:01085) » Definitions » ROCE %

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N/A

Address

5 Tampines Central 1, No. 06-05 Tampines Plaza 2, Singapore, SGP, 529541

Website

https://www.hengxin.com.sg

Hengxin Technology Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacturing of radio frequency (RF) coaxial cable series for mobile communications. It operates in the segments of Radiofrequency coaxial cables, Telecommunication and accessories, and Antennas. Its product portfolio includes RF coaxial cable series for mobile communications, coaxial cables for telecommunications equipment and accessories, and other products which include high-temperature-resistant cables and antennas. It derives a majority of its revenue from the sale of Radiofrequency coaxial cables.

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