Hangzhou Century Co (SZSE:300078) ROCE % : -15.26% (As of Mar. 2024)

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What is Hangzhou Century 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 Century Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -15.26%.

Hangzhou Century Co ROCE % Historical Data

The historical data trend for Hangzhou Century 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 Century Co ROCE % Chart

Hangzhou Century Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.73

2.02

-18.40

-26.92

-38.35

Hangzhou Century 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															-9.78	1.15	1.38	-150.81	-15.26

Hangzhou Century Co ROCE % Calculation

Hangzhou Century 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 )
	=	-717.744	/	( ( (3634.654 - 1245.795)	+	(2592.338 - 1238.411) )	/ 2 )
	=	-717.744	/	( (2388.859	+	1353.927)	/ 2 )
	=	-717.744	/	1871.393
	=	-38.35 %

Hangzhou Century 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 )
	=	-201.628	/	( ( (2592.338 - 1238.411)	+	(2518.346 - 1229.472) )	/ 2 )
	=	-201.628	/	( ( 1353.927	+	1288.874 )	/ 2 )
	=	-201.628	/	1321.4005
	=	-15.26 %

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

Hangzhou Century Co (SZSE:300078) 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.

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Hangzhou Century Co (SZSE:300078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hangzhou Century Co Ltd (SZSE:300078) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Shangcheng Economic, Scientific & Technological Park, 1418-48 Moganshan Road, Gongshu, Hangzhou, CHN

Website

http://www.century-cn.com

Hangzhou Century Co Ltd is engaged in providing electronic article surveillance (EAS) solutions and services. It also specializes in Radio Frequency Identification System (RFID) standardization, as well as the development and services of customized hardware products and industry application solutions. The company's EAS; Digital Display (ESL); Security Display; RFID and Source Tagging.

Executives

Wang Lin	Executives
Lu Nan	Director
Zhang Ji	Directors, executives
Shou Jin Hua	Supervisors
Wang Jun	Supervisors
Zhang Li Zhong	Directors, executives
Zhou Wei Li	Executives
Shang Wei	Executives
Yu Guo Hua	Directors, executives
Lan Zong Zhu	Director
Chen Wu Jun	Directors, executives
Jiang Shi Ping	Director
Wang Yong	Supervisors

Hangzhou Century Co (SZSE:300078) Headlines

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