China Haisum Engineering Co (SZSE:002116) ROCE % : 10.69% (As of Mar. 2024)

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What is China Haisum Engineering 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. China Haisum Engineering Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.69%.

China Haisum Engineering Co ROCE % Historical Data

The historical data trend for China Haisum Engineering 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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China Haisum Engineering Co ROCE % Chart

China Haisum Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.40

6.67

12.83

14.15

17.95

China Haisum Engineering Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															13.86	20.47	16.88	22.50	10.69

China Haisum Engineering Co ROCE % Calculation

China Haisum Engineering Co'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 )
	=	362.269	/	( ( (6061.218 - 4366.015)	+	(5719.607 - 3377.278) )	/ 2 )
	=	362.269	/	( (1695.203	+	2342.329)	/ 2 )
	=	362.269	/	2018.766
	=	17.95 %

China Haisum Engineering Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	253.496	/	( ( (5719.607 - 3377.278)	+	(6029.023 - 3628.21) )	/ 2 )
	=	253.496	/	( ( 2342.329	+	2400.813 )	/ 2 )
	=	253.496	/	2371.571
	=	10.69 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

China Haisum Engineering Co (SZSE:002116) 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.

China Haisum Engineering Co ROCE % Related Terms

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China Haisum Engineering Co (SZSE:002116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Haisum Engineering Co Ltd (SZSE:002116) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21 Baoqing Road, Shanghai, Shanghai, CHN, 200031

Website

http://www.haisum.com

China Haisum Engineering Co Ltd is a China-based company engaged in engineering design, consulting, supervision and contracting business. Its business scope covers light and textile, trade and commissariat, agriculture and forestry, machinery, municipal public utility, and architecture.

Executives

Chen Ping	Supervisors
Yan Xiao Jian	Director
Li Nong	Supervisors
Zhang Jian Xin	Directors, executives
Lin Hong Yang	Executives
Weng Wei Min	Executives
Hu Xiao Ping	Directors, executives
Xu Qiu Hong	Director
Xu Ping Jia	Executives
Qi Yong Yi	Executives
Bian Jun Yi	Executives
Fan Yan	Executives
Xu Da Tong	Executives
Chen An Min	Director
Lu Yu Chu	Supervisors

China Haisum Engineering Co (SZSE:002116) Headlines

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