Shanghai Huafon Aluminium (SHSE:601702) ROCE % : 25.47% (As of Mar. 2024)

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What is Shanghai Huafon Aluminium 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. Shanghai Huafon Aluminium's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.47%.

Shanghai Huafon Aluminium ROCE % Historical Data

The historical data trend for Shanghai Huafon Aluminium'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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Shanghai Huafon Aluminium ROCE % Chart

Shanghai Huafon Aluminium Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.03

15.35

18.80

19.87

24.08

Shanghai Huafon Aluminium 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															20.10	25.60	26.24	24.41	25.47

Shanghai Huafon Aluminium ROCE % Calculation

Shanghai Huafon Aluminium'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 )
	=	1078.224	/	( ( (6285.002 - 2056.531)	+	(7183.131 - 2456.455) )	/ 2 )
	=	1078.224	/	( (4228.471	+	4726.676)	/ 2 )
	=	1078.224	/	4477.5735
	=	24.08 %

Shanghai Huafon Aluminium'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 )
	=	1235.58	/	( ( (7183.131 - 2456.455)	+	(7397.169 - 2420.97) )	/ 2 )
	=	1235.58	/	( ( 4726.676	+	4976.199 )	/ 2 )
	=	1235.58	/	4851.4375
	=	25.47 %

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

Shanghai Huafon Aluminium (SHSE:601702) 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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Shanghai Huafon Aluminium (SHSE:601702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shanghai Huafon Aluminium Corp (SHSE:601702) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1111 Yuegong Road, Jinshan District, Shanghai, CHN, 201506

Website

http://www.huafonal.com

Shanghai Huafon Aluminium Corp is engaged in production and sales of aluminum sheet, strip and foil. The company's products include brazed heat exchangers material; water tanks, heaters, air coolers; condenser; evaporator, heater, oil cooler; and Other Industrial Products Materials. Its products line covers all kinds of alloyed material and specifications which is widely used in the automobile and construction machinery and equipment cooling systems, power station cooling system, micro-channel cooler and all kinds of both commercial and residential air-conditioners. It also processes all kinds of aluminum products processing 1,3,4,5,7 series, which are widely used in transportation construction, food packaging, electronics information industry and other fields.

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