Hengtong Optic-Electric Co (SHSE:600487) ROCE % : 8.19% (As of Mar. 2024)

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What is Hengtong Optic-Electric Co 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. Hengtong Optic-Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.19%.

Hengtong Optic-Electric Co ROCE % Historical Data

The historical data trend for Hengtong Optic-Electric Co'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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Hengtong Optic-Electric Co ROCE % Chart

Hengtong Optic-Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.78

8.45

8.91

7.36

9.10

Hengtong Optic-Electric Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.00	12.16	8.76	8.58	8.19

Hengtong Optic-Electric Co ROCE % Calculation

Hengtong Optic-Electric Co'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 )
	=	2963.149	/	( ( (55683.607 - 24071.248)	+	(62490.772 - 28957.16) )	/ 2 )
	=	2963.149	/	( (31612.359	+	33533.612)	/ 2 )
	=	2963.149	/	32572.9855
	=	9.10 %

Hengtong Optic-Electric Co'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 )
	=	2831.34	/	( ( (62490.772 - 28957.16)	+	(63299.8 - 27725.044) )	/ 2 )
	=	2831.34	/	( ( 33533.612	+	35574.756 )	/ 2 )
	=	2831.34	/	34554.184
	=	8.19 %

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

Hengtong Optic-Electric Co (SHSE:600487) 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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Hengtong Optic-Electric Co (SHSE:600487) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengtong Optic-Electric Co Ltd (SHSE:600487) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

100 Hangheng Road, Wujiang Economic Development Zone, Jiangsu Province, Suzhou, CHN, 215200

Website

http://www.htgd.com.cn

Hengtong Optic-Electric Co Ltd provides fiber optic communication products in China and internationally. It offers optical rod, optical fiber, optical cable, optical device, an optical network, and ocean optical network products; data communication products; power transmission products; and ocean engineering, quantum security communications, and big data, as well as rail transit and smart city products.

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