Haier Electronics Group Co (Haier Electronics Group Co) ROCE % : 10.76% (As of Jun. 2020)

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What is Haier Electronics Group Co 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. Haier Electronics Group Co's annualized ROCE % for the quarter that ended in Jun. 2020 was 10.76%.

Haier Electronics Group Co ROCE % Historical Data

The historical data trend for Haier Electronics Group Co'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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Haier Electronics Group Co ROCE % Chart

Haier Electronics Group Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

ROCE %

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21.14

18.92

20.30

16.66

16.90

Haier Electronics Group Co Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
ROCE %	Get a 7-Day Free Trial															17.24	16.86	14.78	19.26	10.76

Haier Electronics Group Co ROCE % Calculation

Haier Electronics Group Co's annualized ROCE % for the fiscal year that ended in Dec. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2019 )		(A: Dec. 2018 )		(A: Dec. 2019 )
	=	726.034	/	( ( (6955.089 - 2791.365)	+	(7137.159 - 2710.767) )	/ 2 )
	=	726.034	/	( (4163.724	+	4426.392)	/ 2 )
	=	726.034	/	4295.058
	=	16.90 %

Haier Electronics Group Co's ROCE % of for the quarter that ended in Jun. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2020 )		(Q: Dec. 2019 )		(Q: Jun. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2020 )		(Q: Dec. 2019 )		(Q: Jun. 2020 )
	=	475.83	/	( ( (7137.159 - 2710.767)	+	(6805.394 - 2385.257) )	/ 2 )
	=	475.83	/	( ( 4426.392	+	4420.137 )	/ 2 )
	=	475.83	/	4423.2645
	=	10.76 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2020) EBIT data.

Haier Electronics Group Co (OTCPK:HRELF) 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.

Haier Electronics Group Co ROCE % Related Terms

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Haier Electronics Group Co (Haier Electronics Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Haier Electronics Group Co Ltd (OTCPK:HRELF) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1, Haier Road, Haier Industrial Park, Qingdao, CHN

Website

http://www.haier.hk

Haier Electronics Group is a China-based company that makes washing machines and water heaters under the Haier brand. The company's core segments include the washing machine segment, which produces and sells washing machines; the water heater and water purifier business, which produces and sells water heaters and water purifiers; and the channel services segment, which sells and distributes home appliances and other value-added consumer services. The channel services segment contributes the majority of total revenue. The company generates most of its revenue in mainland China.

Haier Electronics Group Co (Haier Electronics Group Co) Headlines

From GuruFocus

Matthews China Fund Comments on Haier Electronics

By Holly LaFon Holly LaFon • 05-19-2016