Hunan Huamin Holdings Co (SZSE:300345) ROCE % : -16.86% (As of Mar. 2024)

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What is Hunan Huamin Holdings 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. Hunan Huamin Holdings Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -16.86%.

Hunan Huamin Holdings Co ROCE % Historical Data

The historical data trend for Hunan Huamin Holdings 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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Hunan Huamin Holdings Co ROCE % Chart

Hunan Huamin Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.99

1.15

1.30

-5.63

-22.04

Hunan Huamin Holdings 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															4.86	-50.79	6.03	-43.90	-16.86

Hunan Huamin Holdings Co ROCE % Calculation

Hunan Huamin Holdings 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 )
	=	-246.551	/	( ( (1332.709 - 319.793)	+	(2445.964 - 1221.459) )	/ 2 )
	=	-246.551	/	( (1012.916	+	1224.505)	/ 2 )
	=	-246.551	/	1118.7105
	=	-22.04 %

Hunan Huamin Holdings 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 )
	=	-217.472	/	( ( (2445.964 - 1221.459)	+	(2736.617 - 1382.134) )	/ 2 )
	=	-217.472	/	( ( 1224.505	+	1354.483 )	/ 2 )
	=	-217.472	/	1289.494
	=	-16.86 %

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

Hunan Huamin Holdings Co (SZSE:300345) 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.

Hunan Huamin Holdings Co ROCE % Related Terms

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Hunan Huamin Holdings Co (SZSE:300345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Huamin Holdings Co Ltd (SZSE:300345) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 068 Jinsha West Road, Jinzhou New District, Hunan, Changsha, CHN, 410600

Website

http://www.chinahongyu.cn

Hunan Huamin Holdings Co Ltd is engaged in provision of high-efficiency ball mill comprehensive energy-saving technology in the mining, cement and thermal power industries; industrial promotion of controlled ion infiltration (PIP) technology. The company produces, processes and sells rinding balls, grinding sections, roller wear-resistant parts and various wear-resistant new materials; production, sales and disassembly of lining plates; research and development, production and sales of polymer materials; research and development of energy-saving technologies for ball mills, among others.

Executives

Chen Ai Wen	Independent director
Chen Gui	Supervisors
Peng Guo Qun	Supervisors
Zhang Li	Executives
Zhu Hong Yu	Directors, Directors, and Executives
Chen Xin Wen	Secretary Dong

Hunan Huamin Holdings Co (SZSE:300345) Headlines

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