Huajin International Holdings (HKSE:02738) ROCE % : 14.84% (As of Dec. 2023)

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What is Huajin 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. Huajin International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.84%.

Huajin International Holdings ROCE % Historical Data

The historical data trend for Huajin 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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Huajin International Holdings ROCE % Chart

Huajin International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.69

8.42

14.29

-12.04

14.92

Huajin International Holdings Semi-Annual Data
	Dec13	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															7.31	-8.91	-15.95	16.65	14.84

Huajin International Holdings ROCE % Calculation

Huajin 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 )
	=	198.811	/	( ( (3123.191 - 2146.486)	+	(4142.879 - 2454.456) )	/ 2 )
	=	198.811	/	( (976.705	+	1688.423)	/ 2 )
	=	198.811	/	1332.564
	=	14.92 %

Huajin 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 )
	=	215.29	/	( ( (3178.238 - 1964.955)	+	(4142.879 - 2454.456) )	/ 2 )
	=	215.29	/	( ( 1213.283	+	1688.423 )	/ 2 )
	=	215.29	/	1450.853
	=	14.84 %

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

Huajin International Holdings (HKSE:02738) 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.

Huajin International Holdings ROCE % Related Terms

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Huajin International Holdings (HKSE:02738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Huajin International Holdings Ltd (HKSE:02738) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinsha Industrial Zone of Muzhou Town, Xinhui District, Guangdong Province, Jiangmen, CHN

Website

https://www.huajin-hk.com

Huajin International Holdings Ltd is an investment holding company engaged in the cold-rolled steel processing business. It is involved in the processing of hot-rolled steel coils into cold-rolled steel strips, sheets and welded steel tubes, and galvanized steel products. It provides processing, cutting, slitting, warehousing, and delivery services on customized cold-rolled steel products and galvanized steel products. It offers Cold-rolled steel products, Galvanized steel products, Hot-rolled steel products, and others. Its revenue is derived from customers located in the PRC and Southeast Asia, of which the main revenue is generated in the PRC.

Huajin International Holdings (HKSE:02738) Headlines

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