Hanon Advanced Technology Group Co (BJSE:430476) ROCE % : -12.20% (As of Mar. 2024)

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What is Hanon Advanced Technology Group 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. Hanon Advanced Technology Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -12.20%.

Hanon Advanced Technology Group Co ROCE % Historical Data

The historical data trend for Hanon Advanced Technology Group 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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Hanon Advanced Technology Group Co ROCE % Chart

Hanon Advanced Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.34

11.63

15.77

9.41

8.03

Hanon Advanced Technology Group Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-2.96	9.71	1.58	24.03	-12.20

Hanon Advanced Technology Group Co ROCE % Calculation

Hanon Advanced Technology Group 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 )
	=	42.105	/	( ( (603.593 - 84.052)	+	(612.746 - 83.483) )	/ 2 )
	=	42.105	/	( (519.541	+	529.263)	/ 2 )
	=	42.105	/	524.402
	=	8.03 %

Hanon Advanced Technology Group 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 )
	=	-63.288	/	( ( (612.746 - 83.483)	+	(575.993 - 67.504) )	/ 2 )
	=	-63.288	/	( ( 529.263	+	508.489 )	/ 2 )
	=	-63.288	/	518.876
	=	-12.20 %

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

Hanon Advanced Technology Group Co (BJSE:430476) 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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Hanon Advanced Technology Group Co (BJSE:430476) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hanon Advanced Technology Group Co Ltd (BJSE:430476) » Definitions » ROCE %

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Address

No. 7000, Jingshi Road, 4th Floor, Building 1, Block A3, Hanyu Golden Valley, High-tech Zone, Shandong Province, Jinan City, CHN, 250101

Website

https://www.hanon.cc

Hanon Advanced Technology Group Co Ltd engages in research and development, production, and sales of experimental analysis instruments. Its product comprises High-Performance Liquid Chromatography, organic element analysis, sample pretreatment, physical optics, electrochemistry, general lab equipment, pumps, and valves.

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