Hangzhou Zhongheng Electric Co (SZSE:002364) ROCE % : 1.52% (As of Mar. 2024)

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What is Hangzhou Zhongheng Electric 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. Hangzhou Zhongheng Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.52%.

Hangzhou Zhongheng Electric Co ROCE % Historical Data

The historical data trend for Hangzhou Zhongheng Electric 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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Hangzhou Zhongheng Electric Co ROCE % Chart

Hangzhou Zhongheng Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.82

4.60

4.61

-2.60

1.28

Hangzhou Zhongheng Electric 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															1.20	1.24	3.59	-0.86	1.52

Hangzhou Zhongheng Electric Co ROCE % Calculation

Hangzhou Zhongheng Electric 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 )
	=	29.427	/	( ( (3273.661 - 1005.7)	+	(3302.021 - 959.918) )	/ 2 )
	=	29.427	/	( (2267.961	+	2342.103)	/ 2 )
	=	29.427	/	2305.032
	=	1.28 %

Hangzhou Zhongheng Electric 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 )
	=	35.664	/	( ( (3302.021 - 959.918)	+	(3283.119 - 934.924) )	/ 2 )
	=	35.664	/	( ( 2342.103	+	2348.195 )	/ 2 )
	=	35.664	/	2345.149
	=	1.52 %

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

Hangzhou Zhongheng Electric Co (SZSE:002364) 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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Hangzhou Zhongheng Electric Co (SZSE:002364) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Zhongheng Electric Co Ltd (SZSE:002364) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 69 Dongxin Avenue, High-tech Zone, Zhongheng Building, Zhijiang Science and Technology Industrial Park, Binjiang District, Hangzhou, CHN, 310053

Website

http://www.hzzh.com

Hangzhou Zhongheng Electric Co Ltd is a China-based provider of electric power informatization software and consulting services. It offers high-frequency switching power systems for the telecommunication, electricity generation, and railway industries. The business segments of the company are Power informatization and Power electronics manufacturing. The products of the company are offered in the categories of power information, electronic manufacturing and energy internet. Its products include power IoT monitoring products, power production lean management products, relay protection setting calculation system, electric vehicle charging station equipment, high-voltage DC power system, energy internet products, and others.

Executives

Zhou Qing Jie	Director
Zhu Guo Ding	Secretary, Director
Zhao Da Chun	Directors, executives
Sun Dan	Directors, executives
Xu Zeng Xin	Executives
Zhang Yong Hao	Director
Xu Yi Jun	Directors, executives
Huang Jing Jing	Supervisors
Chen Zhi Yun	Directors, Directors, and Executives
Song Yu Kun	Securities Affairs Representative
Liao Li Rong	Executives
Qian Tao	Director

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