Hwa Create (SZSE:300045) ROCE % : 0.42% (As of Mar. 2024)

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What is Hwa Create 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. Hwa Create's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.42%.

Hwa Create ROCE % Historical Data

The historical data trend for Hwa Create'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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Hwa Create ROCE % Chart

Hwa Create Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.69

2.75

-13.05

-7.56

1.74

Hwa Create 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															0.35	-3.39	4.95	5.03	0.42

Hwa Create ROCE % Calculation

Hwa Create'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 )
	=	31.71	/	( ( (2280.44 - 480.051)	+	(2388.153 - 541.378) )	/ 2 )
	=	31.71	/	( (1800.389	+	1846.775)	/ 2 )
	=	31.71	/	1823.582
	=	1.74 %

Hwa Create'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 )
	=	7.848	/	( ( (2388.153 - 541.378)	+	(2484.546 - 611.893) )	/ 2 )
	=	7.848	/	( ( 1846.775	+	1872.653 )	/ 2 )
	=	7.848	/	1859.714
	=	0.42 %

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

Hwa Create (SZSE:300045) 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.

Hwa Create ROCE % Related Terms

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Hwa Create (SZSE:300045) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Hwa Create Corp (SZSE:300045) » Definitions » ROCE %

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Address

No. 8 Dongbeiwangxi Road, Chuangtong Technology Building, Building 18, Zhongguancun Software Park, Haidian District, Beijing, CHN, 100193

Website

http://www.hwacreate.com.cn

Hwa Create Corp is a China-based company engaged in the research and development, manufacturing, and sale of technologies and products of satellite navigation, radar and communication, navigation and communication antenna and embedded system. Its products are used in electromechanical industries of aviation, aerospace, ship and emulation training. The products of the company include Beidou satellite navigation chips, application modules, and their corresponding simulated test devices, designated antenna for satellite navigation, embedded modules and simulated test devices for radar and communication system, computer simulation and test platform for the electromechanical system, and computer simulation application development services.

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