Dalian Hellon Piston Co (BJSE:833455) ROCE % : 18.12% (As of Mar. 2024)

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What is Dalian Hellon Piston 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. Dalian Hellon Piston Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.12%.

Dalian Hellon Piston Co ROCE % Historical Data

The historical data trend for Dalian Hellon Piston 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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Dalian Hellon Piston Co ROCE % Chart

Dalian Hellon Piston Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.45

21.71

21.50

20.67

11.51

Dalian Hellon Piston 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															16.38	13.62	5.66	10.29	18.12

Dalian Hellon Piston Co ROCE % Calculation

Dalian Hellon Piston 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 )
	=	30.939	/	( ( (244.124 - 45.213)	+	(352.483 - 13.731) )	/ 2 )
	=	30.939	/	( (198.911	+	338.752)	/ 2 )
	=	30.939	/	268.8315
	=	11.51 %

Dalian Hellon Piston 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 )
	=	62.556	/	( ( (352.483 - 13.731)	+	(365.282 - 13.652) )	/ 2 )
	=	62.556	/	( ( 338.752	+	351.63 )	/ 2 )
	=	62.556	/	345.191
	=	18.12 %

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

Dalian Hellon Piston Co (BJSE:833455) 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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Dalian Hellon Piston Co (BJSE:833455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dalian Hellon Piston Co Ltd (BJSE:833455) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 76 Steel Road, Dalian Economic and Technological Development Zone, Liaoning, Dalian, CHN, 116600

Website

https://www.chinapiston.com

Dalian Hellon Piston Co Ltd is engaged in the Design, production, sales and service of pistons, cylinder liners, cylinder heads and other components for medium and low-speed internal combustion engines.

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