Wuhan HL Engineering Tool Co (BJSE:836942) ROCE % : 10.36% (As of Sep. 2024)

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What is Wuhan HL Engineering Tool 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. Wuhan HL Engineering Tool Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.36%.

Wuhan HL Engineering Tool Co ROCE % Historical Data

The historical data trend for Wuhan HL Engineering Tool 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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Wuhan HL Engineering Tool Co ROCE % Chart

Wuhan HL Engineering Tool Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.24

43.00

31.14

10.94

11.38

Wuhan HL Engineering Tool 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															8.44	16.48	4.66	13.99	10.36

Wuhan HL Engineering Tool Co ROCE % Calculation

Wuhan HL Engineering Tool 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 )
	=	50.891	/	( ( (589.807 - 165.714)	+	(642.721 - 172.307) )	/ 2 )
	=	50.891	/	( (424.093	+	470.414)	/ 2 )
	=	50.891	/	447.2535
	=	11.38 %

Wuhan HL Engineering Tool 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 )
	=	50.24	/	( ( (646.666 - 166.91)	+	(638.403 - 148.11) )	/ 2 )
	=	50.24	/	( ( 479.756	+	490.293 )	/ 2 )
	=	50.24	/	485.0245
	=	10.36 %

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

Wuhan HL Engineering Tool Co (BJSE:836942) 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.

Wuhan HL Engineering Tool Co ROCE % Related Terms

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Wuhan HL Engineering Tool Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Wuhan HL Engineering Tool Co Ltd (BJSE:836942) » Definitions » ROCE %

Traded in Other Exchanges

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Address

No. 5, Fortune 2nd Road, East Lake New Technology Development Zone, Hubei Province, Wuhan City, CHN, 430074

Website

http://www.hltools.cn

Wuhan HL Engineering Tool Co Ltd engages in research and development, manufacturing, sales, and service of various engineering rock-breaking drilling tools. The company's main products include various shield, TBM, pipe jacking tools; horizontal directional drilling tools (reamers, pilot bits, centralizers, pup joints, etc.), vertical reaming bits; pile rock breaking hobs, drill bits, Picks; down-the-hole drilling tools (impactors, drill bits, drill bits, drill pipes, etc.). The company's products are widely used in domestic and foreign subways, highway and railway tunnels, water diversion tunnels, urban comprehensive pipe galleries, oil and gas pipelines, pile foundation excavation, mining, and other projects.

Wuhan HL Engineering Tool Co Headlines

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