Henan Pinggao Electric Co (SHSE:600312) ROCE % : 11.31% (As of Mar. 2024)

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What is Henan Pinggao Electric 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. Henan Pinggao Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.31%.

Henan Pinggao Electric Co ROCE % Historical Data

The historical data trend for Henan Pinggao Electric 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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Henan Pinggao Electric Co ROCE % Chart

Henan Pinggao Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.47

3.07

1.90

3.72

9.77

Henan Pinggao Electric 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															8.46	9.54	10.17	11.05	11.31

Henan Pinggao Electric Co ROCE % Calculation

Henan Pinggao Electric 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 )
	=	1004.548	/	( ( (17847.478 - 7926.853)	+	(20159.257 - 9508.979) )	/ 2 )
	=	1004.548	/	( (9920.625	+	10650.278)	/ 2 )
	=	1004.548	/	10285.4515
	=	9.77 %

Henan Pinggao Electric 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 )
	=	1219.868	/	( ( (20159.257 - 9508.979)	+	(20413.042 - 9498.607) )	/ 2 )
	=	1219.868	/	( ( 10650.278	+	10914.435 )	/ 2 )
	=	1219.868	/	10782.3565
	=	11.31 %

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

Henan Pinggao Electric Co (SHSE:600312) 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.

Henan Pinggao Electric Co ROCE % Related Terms

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Henan Pinggao Electric Co (SHSE:600312) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Henan Pinggao Electric Co Ltd (SHSE:600312) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 22 Nanhuan East Road, Henan Province, Pingtingshan, Henan, CHN, 467001

Website

http://www.pinggao.com

Henan Pinggao Electric Co Ltd is engaged in the manufacture of high and ultrahigh voltage switchgear. The company's products include 40.5~550 kV high voltage SF6 open circuit breakers, and 72.5~550 kV SF6 gas-insulated metal-enclosed switchgear.

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