Guangdong Hallsmart Intelligence Technology (BJSE:870726) ROCE % : 13.48% (As of Mar. 2024)

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What is Guangdong Hallsmart Intelligence Technology 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. Guangdong Hallsmart Intelligence Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.48%.

Guangdong Hallsmart Intelligence Technology ROCE % Historical Data

The historical data trend for Guangdong Hallsmart Intelligence Technology'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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Guangdong Hallsmart Intelligence Technology ROCE % Chart

Guangdong Hallsmart Intelligence Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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24.79

33.76

31.36

28.42

40.12

Guangdong Hallsmart Intelligence Technology Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															20.98	39.00	21.70	18.74	13.48

Guangdong Hallsmart Intelligence Technology ROCE % Calculation

Guangdong Hallsmart Intelligence Technology's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	44.424	/	( ( (225.796 - 124.91)	+	(213.989 - 93.433) )	/ 2 )
	=	44.424	/	( (100.886	+	120.556)	/ 2 )
	=	44.424	/	110.721
	=	40.12 %

Guangdong Hallsmart Intelligence Technology'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 )
	=	33.924	/	( ( (345.095 - 96.994)	+	(343.003 - 87.96) )	/ 2 )
	=	33.924	/	( ( 248.101	+	255.043 )	/ 2 )
	=	33.924	/	251.572
	=	13.48 %

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

Guangdong Hallsmart Intelligence Technology (BJSE:870726) 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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Guangdong Hallsmart Intelligence Technology (BJSE:870726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Guangdong Hallsmart Intelligence Technology Corp Ltd (BJSE:870726) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

West of the intersection of Guangzhan Road, Guandu Town, Potou District, Guangdong Province, Zhanjiang City, CHN, 524051

Website

https://www.hallsmart.com.cn

Guangdong Hallsmart Intelligence Technology Corp Ltd engages in research and development, production, and sales of small household appliances such as rice cookers, slow cookers, pressure cookers, and baking products.

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