Hainan Haiyao Co (SZSE:000566) ROCE % : 1.95% (As of Mar. 2024)

View and export this data going back to 1994. Start your Free Trial

What is Hainan Haiyao 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. Hainan Haiyao Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.95%.

Hainan Haiyao Co ROCE % Historical Data

The historical data trend for Hainan Haiyao 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.

Hainan Haiyao Co ROCE % Chart

Hainan Haiyao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

3.40

-8.34

-29.22

4.52

1.73

Hainan Haiyao 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															5.53	4.53	-0.28	-3.08	1.95

Hainan Haiyao Co ROCE % Calculation

Hainan Haiyao 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 )
	=	60.536	/	( ( (7365.562 - 4002.712)	+	(7366.535 - 3723.88) )	/ 2 )
	=	60.536	/	( (3362.85	+	3642.655)	/ 2 )
	=	60.536	/	3502.7525
	=	1.73 %

Hainan Haiyao 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 )
	=	71.18	/	( ( (7366.535 - 3723.88)	+	(7475.447 - 3813.242) )	/ 2 )
	=	71.18	/	( ( 3642.655	+	3662.205 )	/ 2 )
	=	71.18	/	3652.43
	=	1.95 %

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

Hainan Haiyao Co (SZSE:000566) 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.

Hainan Haiyao Co ROCE % Related Terms

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

Hainan Haiyao Co (SZSE:000566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hainan Haiyao Co Ltd (SZSE:000566) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.192 Nanhai Avenue, Xiuying District, Haikou, Hainan, CHN, 570105

Website

http://www.haiyao.com.cn

Hainan Haiyao Co Ltd is a China-based company engages in the research, development, manufacture, and sale of medicines and medical instrument. Its product includes cephalosporin series, stomach and intestine medicines, anti-tumor medicines, cochlear implant series, bulk drugs and intermediate series. The company distributes its products in domestic market and to overseas market. Digital China Information Service Co Ltd is a China-based company principally engaged in software and information technology (IT) service industry. Its services include technical services, agricultural informatization, application software development, special financial equipment, and integrated solutions for the financial, government, enterprises, telecommunications, agriculture, and other industries.

Executives

Li Ri Meng	Directors, executives
Bai Zhi Quan	Directors, executives
Zhou Qing Guo	Supervisors
Chen Yi Hong	Directors, executives
Wang Wei	Directors, executives
Ji Ping	Executives
Xu Li Hong	Directors, executives
Zhang Hui	Executives
Wang Jun Hong	Executives
Li Mi Sheng	Executives
Feng Bai Chang	Executives
Wang Gang	Executives
Ceng Yu Ping	Director

Hainan Haiyao Co (SZSE:000566) Headlines

No Headlines