Suzhou Hailu Heavy Industry Co (SZSE:002255) ROCE % : 5.13% (As of Mar. 2024)

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What is Suzhou Hailu Heavy Industry 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. Suzhou Hailu Heavy Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.13%.

Suzhou Hailu Heavy Industry Co ROCE % Historical Data

The historical data trend for Suzhou Hailu Heavy Industry 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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Suzhou Hailu Heavy Industry Co ROCE % Chart

Suzhou Hailu Heavy Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-72.15

36.53

11.46

10.75

10.72

Suzhou Hailu Heavy Industry 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															4.24	16.44	9.31	12.94	5.13

Suzhou Hailu Heavy Industry Co ROCE % Calculation

Suzhou Hailu Heavy Industry 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 )
	=	402.146	/	( ( (6010.251 - 2431.353)	+	(6434.713 - 2510.071) )	/ 2 )
	=	402.146	/	( (3578.898	+	3924.642)	/ 2 )
	=	402.146	/	3751.77
	=	10.72 %

Suzhou Hailu Heavy Industry 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 )
	=	202.488	/	( ( (6434.713 - 2510.071)	+	(6303.869 - 2340.749) )	/ 2 )
	=	202.488	/	( ( 3924.642	+	3963.12 )	/ 2 )
	=	202.488	/	3943.881
	=	5.13 %

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

Suzhou Hailu Heavy Industry Co (SZSE:002255) 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.

Suzhou Hailu Heavy Industry Co ROCE % Related Terms

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Suzhou Hailu Heavy Industry Co (SZSE:002255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Hailu Heavy Industry Co Ltd (SZSE:002255) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Renmin West Road, Yangshe Town, Zhangjiagang, Jiangsu, CHN, 215600

Website

http://www.hailu-boiler.cn

Suzhou Hailu Heavy Industry Co Ltd is engaged in the manufacturing of energy saving and environmental protection equipment. The products of the company include boiler products, large pressure vessels, nuclear power equipment, low temperature and environmental protection projects.

Executives

Xu Ran	Executives
Zhu Jian Zhong	Directors, executives
Wang Ping	Supervisors
Zou Xue Feng	Supervisors
Xu Yuan Sheng	Directors, executives
Zhou Zhong Sheng	Independent director
Pan Jian Hua	Directors, executives
Chen Ji Qiang	Directors, executives
Min Ping Qiang	Supervisors
Zhou Hua	Executives
Zhang Guo Yi	Directors, executives
Zhang Wei Bing	Director
Song Ju Neng	Executives
Hui Jian Ming	Directors, executives

Suzhou Hailu Heavy Industry Co (SZSE:002255) Headlines

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