Ningbo Haitian Precision Machinery Co (SHSE:601882) ROCE % : 23.71% (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Ningbo Haitian Precision Machinery 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. Ningbo Haitian Precision Machinery Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.71%.

Ningbo Haitian Precision Machinery Co ROCE % Historical Data

The historical data trend for Ningbo Haitian Precision Machinery 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.

* Premium members only.

Ningbo Haitian Precision Machinery Co ROCE % Chart

Ningbo Haitian Precision Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

6.80

10.76

25.38

29.99

30.40

Ningbo Haitian Precision Machinery 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															28.40	37.93	27.84	26.75	23.71

Ningbo Haitian Precision Machinery Co ROCE % Calculation

Ningbo Haitian Precision Machinery 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 )
	=	700.223	/	( ( (4522.852 - 2378.319)	+	(4616.607 - 2153.923) )	/ 2 )
	=	700.223	/	( (2144.533	+	2462.684)	/ 2 )
	=	700.223	/	2303.6085
	=	30.40 %

Ningbo Haitian Precision Machinery 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 )
	=	599.312	/	( ( (4616.607 - 2153.923)	+	(4544.952 - 1951.258) )	/ 2 )
	=	599.312	/	( ( 2462.684	+	2593.694 )	/ 2 )
	=	599.312	/	2528.189
	=	23.71 %

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

Ningbo Haitian Precision Machinery Co (SHSE:601882) 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.

Ningbo Haitian Precision Machinery Co ROCE % Related Terms

Thank you for viewing the detailed overview of Ningbo Haitian Precision Machinery Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ningbo Haitian Precision Machinery Co (SHSE:601882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Haitian Precision Machinery Co Ltd (SHSE:601882) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

235 Huangshan Road, Dagang Industrial Zone, Beilun District, Ningbo, CHN, 315800

Website

http://www.hisioncnc.com

Ningbo Haitian Precision Machinery Co Ltd is the manufacturer of machine tools. The company produces a line of machine tools that includes horizontal machining centre series, vertical machining centre series, double-column machining centre series, CNC lathe/turning centre and milling machining centre series and high-speed double-column machining centre series. Its products are mainly used in military, automotive, aerospace, locomotive, energy, shipping and other industry sectors.

Executives

Zhang Hao	senior management
Yu Hong Gang	senior management
Zhao Wan Yong	Directors, senior managers
Tong Yong Hong	Supervisors
Wang Huan Wei	Directors, senior managers
Chen Yun	senior management
Zhou Lu Fang	senior management

Ningbo Haitian Precision Machinery Co (SHSE:601882) Headlines

No Headlines