Huaxin Cement Co (SHSE:600801) ROCE % : 4.39% (As of Mar. 2024)

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What is Huaxin Cement 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. Huaxin Cement Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.39%.

Huaxin Cement Co ROCE % Historical Data

The historical data trend for Huaxin Cement 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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Huaxin Cement Co ROCE % Chart

Huaxin Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.38

26.18

21.15

9.98

10.21

Huaxin Cement 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															4.16	12.69	10.57	13.01	4.39

Huaxin Cement Co ROCE % Calculation

Huaxin Cement 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 )
	=	4975.967	/	( ( (64241.676 - 16624.884)	+	(68800.268 - 18934.215) )	/ 2 )
	=	4975.967	/	( (47616.792	+	49866.053)	/ 2 )
	=	4975.967	/	48741.4225
	=	10.21 %

Huaxin Cement 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 )
	=	2210.496	/	( ( (68800.268 - 18934.215)	+	(69240.661 - 18377.926) )	/ 2 )
	=	2210.496	/	( ( 49866.053	+	50862.735 )	/ 2 )
	=	2210.496	/	50364.394
	=	4.39 %

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

Huaxin Cement Co (SHSE:600801) 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.

Huaxin Cement Co ROCE % Related Terms

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Huaxin Cement Co (SHSE:600801) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Huaxin Cement Co Ltd (SHSE:600801) » Definitions » ROCE %

Traded in Other Exchanges

06655:Hong Kong

Address

No.426, Gaoxin Avenue, Tower B, Huaxin Tower, East Lake High-tech Development Zone, Hubei Province, Wuhan, CHN, 430073

Website

https://www.huaxincem.com

Huaxin Cement Co Ltd is engaged in the production and distribution of cement, ready-mix concrete, cement equipment, and cement packaging products. It is also engaged in environmental protection, equipment manufacturing, EPC engineering, Project consulting, and high-tech building materials. Its products include 32.5 type cement, 42.5 type and above cement, Commercial clinker, Concrete, Aggregate, and others. Its geographical segments include China, Tajikistan, and Cambodia, out of which the majority of the revenue is generated from China.

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