China Hanking Holdings (HKSE:03788) ROCE % : 25.36% (As of Dec. 2023)

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

What is China Hanking Holdings 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. China Hanking Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.36%.

China Hanking Holdings ROCE % Historical Data

The historical data trend for China Hanking Holdings'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.

China Hanking Holdings ROCE % Chart

China Hanking Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

43.49

46.99

54.96

3.63

18.27

China Hanking Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															50.54	17.39	-11.46	10.24	25.36

China Hanking Holdings ROCE % Calculation

China Hanking Holdings'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 )
	=	299.401	/	( ( (3755.293 - 2184.78)	+	(3953.528 - 2247.202) )	/ 2 )
	=	299.401	/	( (1570.513	+	1706.326)	/ 2 )
	=	299.401	/	1638.4195
	=	18.27 %

China Hanking Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	431.478	/	( ( (4076.752 - 2380.217)	+	(3953.528 - 2247.202) )	/ 2 )
	=	431.478	/	( ( 1696.535	+	1706.326 )	/ 2 )
	=	431.478	/	1701.4305
	=	25.36 %

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

China Hanking Holdings (HKSE:03788) 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.

China Hanking Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of China Hanking Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

China Hanking Holdings (HKSE:03788) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Hanking Holdings Ltd (HKSE:03788) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 227, Qingnian Street, 22nd Floor, Hanking Tower, Shenhe District, Liaoning Province, Shenyang, CHN, 110016

Website

https://www.hankingmining.com

China Hanking Holdings Ltd is a mining company focused on the exploration, mining, processing, smelting, and marketing of mineral resources. The company organizes its operations into three segments based on its resources: iron ore, gold, and high-purity iron business. The iron ore business, which contributes the vast majority of the company's consolidated revenue, operates five mines located in the Anshan-Benxi iron ore belt of Liaoning Province in China. Its other segment includes the production and sales of building materials. Geographically, it derives the majority revenue from PRC.

China Hanking Holdings (HKSE:03788) Headlines

No Headlines