Himile Mechanical Science And Technology(Shangdong) Co (SZSE:002595) ROCE % : 20.34% (As of Mar. 2024)

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What is Himile Mechanical Science And Technology(Shangdong) 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. Himile Mechanical Science And Technology(Shangdong) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.34%.

Himile Mechanical Science And Technology(Shangdong) Co ROCE % Historical Data

The historical data trend for Himile Mechanical Science And Technology(Shangdong) 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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Himile Mechanical Science And Technology(Shangdong) Co ROCE % Chart

Himile Mechanical Science And Technology(Shangdong) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.02

21.72

19.35

19.24

22.63

Himile Mechanical Science And Technology(Shangdong) 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															18.59	26.61	21.92	24.23	20.34

Himile Mechanical Science And Technology(Shangdong) Co ROCE % Calculation

Himile Mechanical Science And Technology(Shangdong) 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 )
	=	1848.405	/	( ( (8592.241 - 1091.672)	+	(9913.603 - 1076.977) )	/ 2 )
	=	1848.405	/	( (7500.569	+	8836.626)	/ 2 )
	=	1848.405	/	8168.5975
	=	22.63 %

Himile Mechanical Science And Technology(Shangdong) 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 )
	=	1837.224	/	( ( (9913.603 - 1076.977)	+	(10497.709 - 1265.637) )	/ 2 )
	=	1837.224	/	( ( 8836.626	+	9232.072 )	/ 2 )
	=	1837.224	/	9034.349
	=	20.34 %

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

Himile Mechanical Science And Technology(Shangdong) Co (SZSE:002595) 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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Himile Mechanical Science And Technology(Shangdong) Co (SZSE:002595) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Himile Mechanical Science And Technology(Shangdong) Co Ltd (SZSE:002595) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No 1 Himile Road, Mishui Science and Technology Industrial Park, Gaomi, CHN, 261500

Website

http://www.himile.com

Himile Mechanical Science And Technology(Shangdong) Co Ltd is a Chinese company engaged in the research and development, production and sale of rubber machinery and mold products. It is mainly involved in three sectors which are top grade tire mold, high-end mechanical parts manufacturing and oil and gas equipment sector. The products manufactured by the group are involved in the fields of mechanical manufacturing, marine, rail transit, fuel gas, education, and others.

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