Hidili Industry International Development (FRA:3H3) ROCE % : -21.14% (As of Dec. 2023)

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What is Hidili Industry International Development 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. Hidili Industry International Development's annualized ROCE % for the quarter that ended in Dec. 2023 was -21.14%.

Hidili Industry International Development ROCE % Historical Data

The historical data trend for Hidili Industry International Development'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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Hidili Industry International Development ROCE % Chart

Hidili Industry International Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.98

36.75

105.89

55.93

-13.71

Hidili Industry International Development Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															93.52	89.58	22.73	6.84	-21.14

Hidili Industry International Development ROCE % Calculation

Hidili Industry International Development'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 )
	=	-60.759	/	( ( (1789.528 - 1546.926)	+	(1604.733 - 960.768) )	/ 2 )
	=	-60.759	/	( (242.602	+	643.965)	/ 2 )
	=	-60.759	/	443.2835
	=	-13.71 %

Hidili Industry International Development's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-159.128	/	( ( (1717.731 - 856.424)	+	(1604.733 - 960.768) )	/ 2 )
	=	-159.128	/	( ( 861.307	+	643.965 )	/ 2 )
	=	-159.128	/	752.636
	=	-21.14 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Hidili Industry International Development (FRA:3H3) 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.

Hidili Industry International Development ROCE % Related Terms

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Hidili Industry International Development (FRA:3H3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Hidili Industry International Development Ltd (FRA:3H3) » Definitions » ROCE %

Traded in Other Exchanges

01393:Hong Kong

Address

No. 185 Renmin Road, 16th Floor, Dingli Mansion, Sichuan Province, Panzhihua, CHN, 617000

Website

http://www.hidili.com.cn

Hidili Industry International Development Ltd is an investment holding company engaged in the coal mining, manufacture, and sale of raw coal and clean coal. It derives revenue from the production and sales of Clean coal and its by-products such as Raw coal, High-ash thermal coal, and others. All of the group's turnover is derived from the operation in the PRC.

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