Hainan Development Holdings Nanhai Co (SZSE:002163) ROCE % : -6.39% (As of Mar. 2024)

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What is Hainan Development Holdings Nanhai 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. Hainan Development Holdings Nanhai Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.39%.

Hainan Development Holdings Nanhai Co ROCE % Historical Data

The historical data trend for Hainan Development Holdings Nanhai 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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Hainan Development Holdings Nanhai Co ROCE % Chart

Hainan Development Holdings Nanhai Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.97

15.80

10.36

-7.04

4.47

Hainan Development Holdings Nanhai 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															-7.12	-1.59	28.45	-2.34	-6.39

Hainan Development Holdings Nanhai Co ROCE % Calculation

Hainan Development Holdings Nanhai 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 )
	=	118.097	/	( ( (6271.21 - 3629.218)	+	(6410.043 - 3770.89) )	/ 2 )
	=	118.097	/	( (2641.992	+	2639.153)	/ 2 )
	=	118.097	/	2640.5725
	=	4.47 %

Hainan Development Holdings Nanhai 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 )
	=	-167.284	/	( ( (6410.043 - 3770.89)	+	(6203.607 - 3609.01) )	/ 2 )
	=	-167.284	/	( ( 2639.153	+	2594.597 )	/ 2 )
	=	-167.284	/	2616.875
	=	-6.39 %

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

Hainan Development Holdings Nanhai Co (SZSE:002163) 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.

Hainan Development Holdings Nanhai Co ROCE % Related Terms

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Hainan Development Holdings Nanhai Co (SZSE:002163) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hainan Development Holdings Nanhai Co Ltd (SZSE:002163) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 2061 Nanhai Avenue, 17th Floor, New Baohui Building, Nanshan District, Guangdong, Shenzhen, CHN, 518054

Website

http://www.sanxinglass.com

Hainan Development Holdings Nanhai Co Ltd is engaged in curtain wall and interior engineering, photovoltaic glass, special glass technology and deep processing. The company engages in production and sales of architectural safety glass, optical glass, light control glass, electronic flat glass and architectural curtain walls, architectural doors and windows, and steel structures.

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