Heatking Induction Technology (Shiyan) Co (BJSE:838670) ROCE % : 4.76% (As of Jun. 2024)

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What is Heatking Induction Technology (Shiyan) 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. Heatking Induction Technology (Shiyan) Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.76%.

Heatking Induction Technology (Shiyan) Co ROCE % Historical Data

The historical data trend for Heatking Induction Technology (Shiyan) 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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Heatking Induction Technology (Shiyan) Co ROCE % Chart

Heatking Induction Technology (Shiyan) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.71

48.49

56.77

23.76

6.70

Heatking Induction Technology (Shiyan) Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															1.11	2.51	21.95	1.29	4.76

Heatking Induction Technology (Shiyan) Co ROCE % Calculation

Heatking Induction Technology (Shiyan) 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 )
	=	30.483	/	( ( (505.365 - 46.484)	+	(488.878 - 38.06) )	/ 2 )
	=	30.483	/	( (458.881	+	450.818)	/ 2 )
	=	30.483	/	454.8495
	=	6.70 %

Heatking Induction Technology (Shiyan) Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	21.228	/	( ( (498.115 - 43.386)	+	(481.494 - 44.902) )	/ 2 )
	=	21.228	/	( ( 454.729	+	436.592 )	/ 2 )
	=	21.228	/	445.6605
	=	4.76 %

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

Heatking Induction Technology (Shiyan) Co (BJSE:838670) 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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Heatking Induction Technology (Shiyan) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Heatking Induction Technology (Shiyan) Co Ltd (BJSE:838670) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Pulin 1st Road, Pulin Industrial Park, Hubei Province, Shiyan City, CHN, 442000

Website

http://www.syheatking.com

Heatking Induction Technology (Shiyan) Co Ltd engages in research and development, production, sales, and technical services of medium and high-end CNC induction heat treatment complete sets of equipment and key functional components. Its products comprise induction heating, machine workpiece, automotive workpiece, wind power workpiece, Heating Industry, Military Workpiece, Standard Equipment, Heat Treatment, Cooling System, Monitoring System, Power Switch, Heating Transformer, and Heating Coils & Inductors.

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