Xingda International Holdings (HKSE:01899) ROCE % : 11.13% (As of Dec. 2023)

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What is Xingda International Holdings 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. Xingda International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.13%.

Xingda International Holdings ROCE % Historical Data

The historical data trend for Xingda International Holdings'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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Xingda International Holdings ROCE % Chart

Xingda International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.33

5.29

6.87

10.00

10.35

Xingda International Holdings 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															3.26	9.42	10.39	10.17	11.13

Xingda International Holdings ROCE % Calculation

Xingda International Holdings'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 )
	=	1060.176	/	( ( (23462.152 - 12980.879)	+	(22662.948 - 12653.043) )	/ 2 )
	=	1060.176	/	( (10481.273	+	10009.905)	/ 2 )
	=	1060.176	/	10245.589
	=	10.35 %

Xingda International Holdings'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 )
	=	1095.374	/	( ( (23332.453 - 13660.853)	+	(22662.948 - 12653.043) )	/ 2 )
	=	1095.374	/	( ( 9671.6	+	10009.905 )	/ 2 )
	=	1095.374	/	9840.7525
	=	11.13 %

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

Xingda International Holdings (HKSE:01899) 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.

Xingda International Holdings ROCE % Related Terms

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Xingda International Holdings (HKSE:01899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xingda International Holdings Ltd (HKSE:01899) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

XDH:Germany

Address

Yunling Road (East), Lane 599, 6th Floor, No. 20, Putuo District, Shanghai, CHN, 200062

Website

http://www.xingda.com.cn

Xingda International Holdings Ltd is an investment holding company engaged in manufacturing and trading Radial tire cords, Bead wires, and other wires. Its products cover Rubber reinforcement materials and Precision sawing wires, such as Steel cord, Tyre bead wires, and High-pressure hose wire. The company derives key revenue from the sale of Radial tire cords for trucks. The majority of its revenue is earned in the PRC.

Xingda International Holdings (HKSE:01899) Headlines

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