Hangzhou Haoyue Personal Care Co (SHSE:605009) ROCE % : 12.36% (As of Mar. 2024)

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What is Hangzhou Haoyue Personal Care 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. Hangzhou Haoyue Personal Care Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.36%.

Hangzhou Haoyue Personal Care Co ROCE % Historical Data

The historical data trend for Hangzhou Haoyue Personal Care 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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Hangzhou Haoyue Personal Care Co ROCE % Chart

Hangzhou Haoyue Personal Care Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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64.14

39.69

14.29

14.95

16.05

Hangzhou Haoyue Personal Care 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															12.01	18.06	15.89	18.49	12.36

Hangzhou Haoyue Personal Care Co ROCE % Calculation

Hangzhou Haoyue Personal Care 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 )
	=	521.078	/	( ( (4164.71 - 1036.314)	+	(4646.744 - 1282.456) )	/ 2 )
	=	521.078	/	( (3128.396	+	3364.288)	/ 2 )
	=	521.078	/	3246.342
	=	16.05 %

Hangzhou Haoyue Personal Care 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 )
	=	420.884	/	( ( (4646.744 - 1282.456)	+	(4488.469 - 1044.083) )	/ 2 )
	=	420.884	/	( ( 3364.288	+	3444.386 )	/ 2 )
	=	420.884	/	3404.337
	=	12.36 %

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

Hangzhou Haoyue Personal Care Co (SHSE:605009) 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.

Hangzhou Haoyue Personal Care Co ROCE % Related Terms

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Hangzhou Haoyue Personal Care Co (SHSE:605009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hangzhou Haoyue Personal Care Co Ltd (SHSE:605009) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Fengdu Road, Pingyao, Yuhang District, Zhejiang Province, Hangzhou, CHN, 310026

Website

http://www.hz-haoyue.com

Hangzhou Haoyue Personal Care Co Ltd is engaged in manufacturing and sales as a whole and focuses on women, young and adult health care products. The products produced and operated under the banner of haoyue are baby step pants, paper diapers, paper diapers, wet towels, adult Lala pants, diapers, paper diapers, nursing mats, wet towels, female sanitary napkins, menstrual care pants, maternity and baby dual-use napkins, parturient towel, among others.

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