Jiangxi Hengda Hi-tech Co (SZSE:002591) ROCE % : -1.75% (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Jiangxi Hengda Hi-tech 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. Jiangxi Hengda Hi-tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.75%.

Jiangxi Hengda Hi-tech Co ROCE % Historical Data

The historical data trend for Jiangxi Hengda Hi-tech 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.

* Premium members only.

Jiangxi Hengda Hi-tech Co ROCE % Chart

Jiangxi Hengda Hi-tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

8.38

-48.03

2.71

-7.56

-4.44

Jiangxi Hengda Hi-tech 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															-0.14	3.08	-4.04	-16.92	-1.75

Jiangxi Hengda Hi-tech Co ROCE % Calculation

Jiangxi Hengda Hi-tech 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 )
	=	-32.125	/	( ( (1008.68 - 257.306)	+	(1015.649 - 320.753) )	/ 2 )
	=	-32.125	/	( (751.374	+	694.896)	/ 2 )
	=	-32.125	/	723.135
	=	-4.44 %

Jiangxi Hengda Hi-tech 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 )
	=	-12.152	/	( ( (1015.649 - 320.753)	+	(993.974 - 303.195) )	/ 2 )
	=	-12.152	/	( ( 694.896	+	690.779 )	/ 2 )
	=	-12.152	/	692.8375
	=	-1.75 %

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

Jiangxi Hengda Hi-tech Co (SZSE:002591) 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.

Jiangxi Hengda Hi-tech Co ROCE % Related Terms

Thank you for viewing the detailed overview of Jiangxi Hengda Hi-tech Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangxi Hengda Hi-tech Co (SZSE:002591) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangxi Hengda Hi-tech Co Ltd (SZSE:002591) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 88 Jinlu North Road, High-tech Development Zone, Jiangxi, Nanchang, CHN, 330096

Website

http://www.heng-da.com

Jiangxi Hengda Hi-tech Co Ltd is engaged in the anti-wear and anti-corrosion business and internet marketing business. The products developed by the company are HDS anti-wear anti-corrosion coating wire protection, KM high temperature anti-corrosion coating protection, and MT wear resistant resist ceramic sheet protection.

Executives

Shao Ying Ping	Executives
Chen Sui Zhong	Director
Zhou Xiao Gen	Directors, executives
Wan Jian Ying	Executives
Nie Zheng	Executives
Cai Yun	Securities Affairs Representative
Hu En Xue	Directors, executives
Tang Ming Rong	Directors, executives
Peng Wei Hong	Directors, executives
Deng Guo Chang	Supervisors
Li Jian Min	Executives
Zhu Xing He	Director

Jiangxi Hengda Hi-tech Co (SZSE:002591) Headlines

No Headlines