Hilong Holding (HKSE:01623) ROCE % : 12.86% (As of Jun. 2023)

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What is Hilong Holding 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. Hilong Holding's annualized ROCE % for the quarter that ended in Jun. 2023 was 12.86%.

Hilong Holding ROCE % Historical Data

The historical data trend for Hilong Holding'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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Hilong Holding ROCE % Chart

Hilong Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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7.56

9.69

0.81

9.56

9.00

Hilong Holding Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															11.01	6.26	7.65	10.15	12.86

Hilong Holding ROCE % Calculation

Hilong Holding's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	609.247	/	( ( (8659.196 - 1841.746)	+	(8711.522 - 1995.682) )	/ 2 )
	=	609.247	/	( (6817.45	+	6715.84)	/ 2 )
	=	609.247	/	6766.645
	=	9.00 %

Hilong Holding's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	861.914	/	( ( (8711.522 - 1995.682)	+	(8909.327 - 2222.464) )	/ 2 )
	=	861.914	/	( ( 6715.84	+	6686.863 )	/ 2 )
	=	861.914	/	6701.3515
	=	12.86 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Hilong Holding (HKSE:01623) 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.

Hilong Holding ROCE % Related Terms

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Hilong Holding (HKSE:01623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hilong Holding Ltd (HKSE:01623) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HLONF:USA 8HL:Germany

Address

No. 1825, Luodong Road, Baoshan Industrial Zone, Shanghai, CHN, 200949

Website

http://www.hilonggroup.com

Hilong Holding Ltd manufactures and distributes oil and gas drilling equipment and coating materials, and provisions coating, oilfield, and offshore engineering services. Its segments include Oilfield equipment manufacturing and services including the production of oilfield equipment and provision of OCTG coating services; Line pipe technology and services including the provision of services related to oil and gas pipelines and production of coating materials for anti-corrosive and anti-friction purposes; Oilfield services including the provision of well drilling services, integrated comprehensive services, OCTG trading and related services to oil and gas producers; and Offshore engineering services includes the provision of offshore engineering services and offshore design services.

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