Henan Chicheng Electric Co (BJSE:834407) ROCE % : 11.35% (As of Sep. 2024)

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What is Henan Chicheng Electric 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. Henan Chicheng Electric Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.35%.

Henan Chicheng Electric Co ROCE % Historical Data

The historical data trend for Henan Chicheng Electric 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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Henan Chicheng Electric Co ROCE % Chart

Henan Chicheng Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.23

22.77

20.26

16.43

10.64

Henan Chicheng Electric Co Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															11.42	19.36	9.62	12.15	11.35

Henan Chicheng Electric Co ROCE % Calculation

Henan Chicheng Electric 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 )
	=	23.935	/	( ( (248.305 - 57.859)	+	(314.609 - 55.104) )	/ 2 )
	=	23.935	/	( (190.446	+	259.505)	/ 2 )
	=	23.935	/	224.9755
	=	10.64 %

Henan Chicheng Electric Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	29.576	/	( ( (322.63 - 64.996)	+	(321.504 - 57.832) )	/ 2 )
	=	29.576	/	( ( 257.634	+	263.672 )	/ 2 )
	=	29.576	/	260.653
	=	11.35 %

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

Henan Chicheng Electric Co (BJSE:834407) 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.

Henan Chicheng Electric Co ROCE % Related Terms

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Henan Chicheng Electric Co Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Henan Chicheng Electric Co Ltd (BJSE:834407) » Definitions » ROCE %

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Address

No. 11, Changchun Road, Floor 17, Building B, Building 5, National University Science and Technology Park, High-tech Zone, Henan Province, Zhengzhou City, CHN, 450000

Website

https://www.cce-china.com

Henan Chicheng Electric Co Ltd is an enterprise integrating product research and development, manufacturing, marketing, and customer service. It is a manufacturer and supplier of gas safety products and system solutions. Its main products are: gas Detection and alarm instruments, alarm control systems and supporting equipment, intelligent sensors, safety and environmental protection analysis instruments and systems, safety monitoring software systems, smart cloud platforms, etc., which are widely used in electric power, electronics, metallurgy, chemical industry, petroleum, coal, mining, railways, medicine, and scientific research institutions.

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