Hubei Huaqiang High-Tech Co (SHSE:688151) ROCE % : 1.25% (As of Mar. 2024)

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What is Hubei Huaqiang High-Tech 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. Hubei Huaqiang High-Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.25%.

Hubei Huaqiang High-Tech Co ROCE % Historical Data

The historical data trend for Hubei Huaqiang High-Tech 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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Hubei Huaqiang High-Tech Co ROCE % Chart

Hubei Huaqiang High-Tech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.28

14.13

11.66

1.36

0.09

Hubei Huaqiang High-Tech Co Quarterly Data
	Dec18	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															0.89	1.05	-4.05	2.49	1.25

Hubei Huaqiang High-Tech Co ROCE % Calculation

Hubei Huaqiang High-Tech 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 )
	=	4.265	/	( ( (5161.661 - 554.567)	+	(5051.645 - 495.848) )	/ 2 )
	=	4.265	/	( (4607.094	+	4555.797)	/ 2 )
	=	4.265	/	4581.4455
	=	0.09 %

Hubei Huaqiang High-Tech 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 )
	=	56.748	/	( ( (5051.645 - 495.848)	+	(4990.671 - 431.795) )	/ 2 )
	=	56.748	/	( ( 4555.797	+	4558.876 )	/ 2 )
	=	56.748	/	4557.3365
	=	1.25 %

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

Hubei Huaqiang High-Tech Co (SHSE:688151) 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.

Hubei Huaqiang High-Tech Co ROCE % Related Terms

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Hubei Huaqiang High-Tech Co (SHSE:688151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Hubei Huaqiang High-Tech Co Ltd (SHSE:688151) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.499, Donglin Road, Biological Industry Park, Yichang Area, Free Trade Zone, Hubei, CHN, 443000

Website

http://www.hqtc.com

Hubei Huaqiang High-Tech Co Ltd is engaged in the research and development, production and sales of special protective equipment, medical packaging and medical device products.

Hubei Huaqiang High-Tech Co (SHSE:688151) Headlines

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