Hunan Huitong Advanced Materials Co (BJSE:833751) ROCE % : 10.43% (As of Mar. 2024)

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What is Hunan Huitong Advanced Materials 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. Hunan Huitong Advanced Materials Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.43%.

Hunan Huitong Advanced Materials Co ROCE % Historical Data

The historical data trend for Hunan Huitong Advanced Materials 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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Hunan Huitong Advanced Materials Co ROCE % Chart

Hunan Huitong Advanced Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.95

12.27

15.78

17.92

13.39

Hunan Huitong Advanced Materials Co Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.45	15.07	15.25	11.68	10.43

Hunan Huitong Advanced Materials Co ROCE % Calculation

Hunan Huitong Advanced Materials 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 )
	=	40.018	/	( ( (305.898 - 78.671)	+	(415.901 - 45.295) )	/ 2 )
	=	40.018	/	( (227.227	+	370.606)	/ 2 )
	=	40.018	/	298.9165
	=	13.39 %

Hunan Huitong Advanced Materials 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 )
	=	39.088	/	( ( (415.901 - 45.295)	+	(418.809 - 39.916) )	/ 2 )
	=	39.088	/	( ( 370.606	+	378.893 )	/ 2 )
	=	39.088	/	374.7495
	=	10.43 %

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

Hunan Huitong Advanced Materials Co (BJSE:833751) 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.

Hunan Huitong Advanced Materials Co ROCE % Related Terms

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Hunan Huitong Advanced Materials Co (BJSE:833751) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Huitong Advanced Materials Co Ltd (BJSE:833751) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 489 Lusong Road, Yuelu, Hunan, Changsha, CHN, 410205

Website

https://www.ht-metalfiber.com

Hunan Huitong Advanced Materials Co Ltd is engaged in research & development, production and sales of metal fibers and their products. The company has a complete metal fiber production line. The main products are: various metal fibers with a diameter of 2-100m (such as stainless steel fibers, iron-chromium-aluminum fibers, nickel fibers, titanium fibers, aluminum fibers, etc.) Widely used in automotive, textile, petroleum, chemical, military, communications and other fields.

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