Zhejiang He Chuan Technology (SHSE:688320) ROCE % : -6.02% (As of Mar. 2025)

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What is Zhejiang He Chuan Technology 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. Zhejiang He Chuan Technology's annualized ROCE % for the quarter that ended in Mar. 2025 was -6.02%.

Zhejiang He Chuan Technology ROCE % Historical Data

The historical data trend for Zhejiang He Chuan Technology'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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Zhejiang He Chuan Technology ROCE % Chart

Zhejiang He Chuan Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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24.83

18.30

7.89

3.38

-11.91

Zhejiang He Chuan Technology Quarterly Data
	Dec19	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															-3.81	-4.57	-13.41	-27.00	-6.02

Zhejiang He Chuan Technology ROCE % Calculation

Zhejiang He Chuan Technology'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 )
	=	-179.316	/	( ( (2156.438 - 540.765)	+	(1970.457 - 574.133) )	/ 2 )
	=	-179.316	/	( (1615.673	+	1396.324)	/ 2 )
	=	-179.316	/	1505.9985
	=	-11.91 %

Zhejiang He Chuan Technology'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 )
	=	-84.1	/	( ( (1970.457 - 574.133)	+	(1991.043 - 591.431) )	/ 2 )
	=	-84.1	/	( ( 1396.324	+	1399.612 )	/ 2 )
	=	-84.1	/	1397.968
	=	-6.02 %

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

Zhejiang He Chuan Technology (SHSE:688320) 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.

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Zhejiang He Chuan Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang He Chuan Technology Corp Ltd (SHSE:688320) » Definitions » ROCE %

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Address

No. 9, Fucai Road, Longyou Industrial Park, Zhejiang Province, Quzhou, CHN, 324400

Website

https://www.hcfa.cn

Zhejiang He Chuan Technology Corp Ltd is engaged in the research and development, production, sales and application integration of industrial automation products.

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