Honghua Group (HKSE:00196) ROCE % : -6.56% (As of Dec. 2023)

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What is Honghua Group 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. Honghua Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.56%.

Honghua Group ROCE % Historical Data

The historical data trend for Honghua Group'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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Honghua Group ROCE % Chart

Honghua Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.77

4.69

-9.77

-9.98

-3.99

Honghua Group 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															-20.72	-21.50	-0.66	-0.48	-6.56

Honghua Group ROCE % Calculation

Honghua Group'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 )
	=	-213.563	/	( ( (13760.703 - 9354.794)	+	(13693.607 - 7396.247) )	/ 2 )
	=	-213.563	/	( (4405.909	+	6297.36)	/ 2 )
	=	-213.563	/	5351.6345
	=	-3.99 %

Honghua Group'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 )
	=	-402.058	/	( ( (14394.004 - 8433.635)	+	(13693.607 - 7396.247) )	/ 2 )
	=	-402.058	/	( ( 5960.369	+	6297.36 )	/ 2 )
	=	-402.058	/	6128.8645
	=	-6.56 %

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

Honghua Group (HKSE:00196) 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.

Honghua Group ROCE % Related Terms

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Honghua Group (HKSE:00196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Honghua Group Ltd (HKSE:00196) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

4HB:Germany

Address

99 East Road, Information Park, Jinniu District, Sichuan, Chengdu, CHN, 610036

Website

http://www.hh-gltd.com

Honghua Group Ltd is engaged in manufacturing drilling rigs, oil and gas exploitation equipment, providing drilling services and fracturing. It manufactures conventional land drilling rigs, digital drilling rigs, accessories for drilling rigs, as well as the parts and components for the drilling rigs or the maintenance of the drilling rigs in operation. Its segments include Land drilling rigs; Parts and components and others; Drilling engineering services; and Fracturing. It derives a majority of revenue from Parts and components and others segment. Geographically it operates in the PRC, Americas, Middle East, Europe and Central Asia, South Asia and South East, and Africa, of which prime revenue is derived from the PRC.

Executives

Tricor Equity Trustee Limited	2301 Trustee
Dongfang Electric Corporation	2201 Interest of corporation controlled by you
Dongfang Electric International Investment Co., Limited	2101 Beneficial owner
China Chengtong Holdings Group Limited	2201 Interest of corporation controlled by you
China Chengtong Hong Kong Company Limited	2201 Interest of corporation controlled by you
Ke Hua Ji Shu You Xian Gong Si	2101 Beneficial owner
Zhong Guo Hang Tian Ke Gong Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Hang Tian Gong Ye Ji Shu Yan Jiu Yuan You Xian Gong Si	2201 Interest of corporation controlled by you
Wealth Afflux Limited	2201 Interest of corporation controlled by you
Yi Langlin	2202 Interest of your spouse
Zhang Mi	2307 Founder of a discretionary trust who can infl
Equity Trustee Limited	2201 Interest of corporation controlled by you
Ally Giant Limited	2101 Beneficial owner

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