Suzhou Hengmingda Electronic Technology Co (SZSE:002947) ROCE % : 11.50% (As of Mar. 2024)

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What is Suzhou Hengmingda Electronic Technology 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 Hengmingda Electronic Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.50%.

Suzhou Hengmingda Electronic Technology Co ROCE % Historical Data

The historical data trend for Suzhou Hengmingda Electronic Technology 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 Hengmingda Electronic Technology Co ROCE % Chart

Suzhou Hengmingda Electronic Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.79

9.70

2.92

12.73

15.73

Suzhou Hengmingda Electronic Technology 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															8.54	13.35	22.90	17.90	11.50

Suzhou Hengmingda Electronic Technology Co ROCE % Calculation

Suzhou Hengmingda Electronic Technology 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 )
	=	324.496	/	( ( (2490.548 - 555.121)	+	(2802.455 - 613.333) )	/ 2 )
	=	324.496	/	( (1935.427	+	2189.122)	/ 2 )
	=	324.496	/	2062.2745
	=	15.73 %

Suzhou Hengmingda Electronic Technology 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 )
	=	254.204	/	( ( (2802.455 - 613.333)	+	(2700.961 - 469.54) )	/ 2 )
	=	254.204	/	( ( 2189.122	+	2231.421 )	/ 2 )
	=	254.204	/	2210.2715
	=	11.50 %

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

Suzhou Hengmingda Electronic Technology Co (SZSE:002947) 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 Hengmingda Electronic Technology Co ROCE % Related Terms

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Suzhou Hengmingda Electronic Technology Co (SZSE:002947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou Hengmingda Electronic Technology Co Ltd (SZSE:002947) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1568 Shipai Taki Road, Bacheng Town, Jiangsu Province, Kunshan City, CHN, 215312

Website

http://www.hengmingda.com

Suzhou Hengmingda Electronic Technology Co Ltd is a technology company. The company is engaged in the design, development, production and sales of consumer electronic functional devices. The products have been widely used in consumer electronics and components such as mobile phones, tablet computers, notebook computers, smart wearable devices.

Executives

Jing Shi Ping	Director
Jing Jing Ping	Secretary, Director
Jing Jiang	Executives
Qi Jun	Directors, executives
Xia Chen	Executives
Zhu Xiao Hua	Director
Wu Zhi Xing	Executives
Jing Tian Ping	Directors, executives

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