New Huadu Technology Co (SZSE:002264) ROCE % : 24.84% (As of Mar. 2024)

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What is New Huadu Technology 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. New Huadu Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.84%.

New Huadu Technology Co ROCE % Historical Data

The historical data trend for New Huadu Technology 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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New Huadu Technology Co ROCE % Chart

New Huadu Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-55.68

13.77

1.86

13.83

14.72

New Huadu Technology 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															18.82	9.98	17.11	12.74	24.84

New Huadu Technology Co ROCE % Calculation

New Huadu Technology 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 )
	=	229.911	/	( ( (2673.975 - 1203.571)	+	(2956.909 - 1304.456) )	/ 2 )
	=	229.911	/	( (1470.404	+	1652.453)	/ 2 )
	=	229.911	/	1561.4285
	=	14.72 %

New Huadu Technology 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 )
	=	415.94	/	( ( (2956.909 - 1304.456)	+	(3205.638 - 1508.785) )	/ 2 )
	=	415.94	/	( ( 1652.453	+	1696.853 )	/ 2 )
	=	415.94	/	1674.653
	=	24.84 %

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

New Huadu Technology Co (SZSE:002264) 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.

New Huadu Technology Co ROCE % Related Terms

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New Huadu Technology Co (SZSE:002264) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » New Huadu Technology Co Ltd (SZSE:002264) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 28, Xianglianli, Unit 237-263, 2nd Floor, Lotus Plaza Commercial Center, Siming District, Fujian Province, Xiamen, CHN, 350003

Website

http://www.nhd-mart.com

New Huadu Technology Co Ltd formerly New Hua Du Supercenter Co Ltd operates in the retail industry. The company is engaged in operating hypermarkets, supermarkets, and department stores.

Executives

Chen Zhi Min	Executives
Jin Dan	Director
Gong Shui Jin	Supervisors
Fu Xiao Zhen	Supervisors
Guo Jian Sheng	Secretary, Director
Li Qing	Executives
Zhou Wen Gui	Directors, executives
Shang Guan Chang Chuan	Directors, executives
Gong Yan Bing	Secretary, Director
Chen Zhi Cheng	Director
Dai Wen Zeng	Securities Affairs Representative

New Huadu Technology Co (SZSE:002264) Headlines

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