Hangxiao Steel Structure Co (SHSE:600477) ROCE % : 5.50% (As of Mar. 2025)

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What is Hangxiao Steel Structure 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. Hangxiao Steel Structure Co's annualized ROCE % for the quarter that ended in Mar. 2025 was 5.50%.

Hangxiao Steel Structure Co ROCE % Historical Data

The historical data trend for Hangxiao Steel Structure 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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Hangxiao Steel Structure Co ROCE % Chart

Hangxiao Steel Structure Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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23.58

13.23

6.02

7.53

5.07

Hangxiao Steel Structure Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
ROCE %	Get a 7-Day Free Trial															6.40	7.34	4.22	2.07	5.50

Hangxiao Steel Structure Co ROCE % Calculation

Hangxiao Steel Structure Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	359.485	/	( ( (16418.179 - 9257.556)	+	(16539.268 - 9531.656) )	/ 2 )
	=	359.485	/	( (7160.623	+	7007.612)	/ 2 )
	=	359.485	/	7084.1175
	=	5.07 %

Hangxiao Steel Structure Co's ROCE % of for the quarter that ended in Mar. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2025 )		(Q: Dec. 2024 )		(Q: Mar. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2025 )		(Q: Dec. 2024 )		(Q: Mar. 2025 )
	=	385.08	/	( ( (16539.268 - 9531.656)	+	(15838.098 - 8849.646) )	/ 2 )
	=	385.08	/	( ( 7007.612	+	6988.452 )	/ 2 )
	=	385.08	/	6998.032
	=	5.50 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

Hangxiao Steel Structure Co (SHSE:600477) 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.

Hangxiao Steel Structure Co ROCE % Related Terms

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Hangxiao Steel Structure Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hangxiao Steel Structure Co Ltd (SHSE:600477) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Middle Zhonghe Road, Floor 3,5,7, Ruifeng Building, No. 258, Hangzhou, Zhejiang, CHN, 310003

Website

http://www.hxss.com.cn

Hangxiao Steel Structure Co Ltd is engaged in the design, manufacture, and installation of steel structure in China. It manufactures high rise steel structure, light steel structure, space steel structure, steel beam, steel truss; steel floor deck; steel purlin and residential steel structure projects.

Executives

Dan Ji Hua	senior management
Wang Ai Min	senior management
Dan Yin Mu	Director
Xu Qiong	senior management
Zhang Zhen Yong	Director
Guo Li Xiang	senior management
Zhou Bin	senior management
Lu Yong Jun	Directors, senior managers
Ying Ying	Supervisors
Cai Lu Lu	senior management
Chen Rui	senior management
Zhao Chong Fu	Supervisors
Zhou Zi Fan	senior management

Hangxiao Steel Structure Co Headlines

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