Hongda Xingye Co (SZSE:002002) ROCE % : -10.85% (As of Sep. 2023)

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What is Hongda Xingye 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. Hongda Xingye Co's annualized ROCE % for the quarter that ended in Sep. 2023 was -10.85%.

Hongda Xingye Co ROCE % Historical Data

The historical data trend for Hongda Xingye 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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Hongda Xingye Co ROCE % Chart

Hongda Xingye Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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14.53

12.37

12.60

13.08

6.16

Hongda Xingye Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															6.65	1.16	2.44	-18.85	-10.85

Hongda Xingye Co ROCE % Calculation

Hongda Xingye Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	650.861	/	( ( (17875.418 - 7452.024)	+	(18786.559 - 8065.199) )	/ 2 )
	=	650.861	/	( (10423.394	+	10721.36)	/ 2 )
	=	650.861	/	10572.377
	=	6.16 %

Hongda Xingye Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1092.936	/	( ( (18636.691 - 8397.494)	+	(18478.598 - 8579.001) )	/ 2 )
	=	-1092.936	/	( ( 10239.197	+	9899.597 )	/ 2 )
	=	-1092.936	/	10069.397
	=	-10.85 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Hongda Xingye Co (SZSE:002002) 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.

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Hongda Xingye Co (SZSE:002002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hongda Xingye Co Ltd (SZSE:002002) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Guangzhou Circle Road, Guangzhou Circle, 28th Floor, Guangzhou, CHN, 510385

Website

http://www.002002.cn

Hongda Xingye Co Ltd is a Chinese chemical resource company. It is engaged in the manufacture and sale of chemical products. The business areas of the company are New materials, Environmental protection, and Electronic trading. It offers products like soil conditioner, desulfurizer; environmental modification engineering services such as soil remediation, desulfuration, and denitration; PVC new materials like PVC, modified PVC, PVC building formwork, PVC pharmaceutical packaging material, PVC ecological houses; rare earth new materials such as rare earth heat stabilizer and rare earth catalyst. In addition, the company also provide services of the business to business e-commerce, comprehensive logistics, technical support for large spot industrial raw materials.

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