Zhejiang Haosheng Electronic Technology Co (BJSE:838701) ROCE % : 7.56% (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Zhejiang Haosheng Electronic Technology 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. Zhejiang Haosheng Electronic Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.56%.

Zhejiang Haosheng Electronic Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Haosheng Electronic Technology 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.

* Premium members only.

Zhejiang Haosheng Electronic Technology Co ROCE % Chart

Zhejiang Haosheng Electronic Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

11.20

17.46

12.09

16.63

34.61

Zhejiang Haosheng Electronic Technology 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															5.21	108.37	-6.04	88.34	7.56

Zhejiang Haosheng Electronic Technology Co ROCE % Calculation

Zhejiang Haosheng Electronic Technology 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 )
	=	193.52	/	( ( (925.708 - 503.541)	+	(1121.117 - 425.044) )	/ 2 )
	=	193.52	/	( (422.167	+	696.073)	/ 2 )
	=	193.52	/	559.12
	=	34.61 %

Zhejiang Haosheng Electronic Technology 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 )
	=	60.036	/	( ( (1118.991 - 330.767)	+	(1096.597 - 295.789) )	/ 2 )
	=	60.036	/	( ( 788.224	+	800.808 )	/ 2 )
	=	60.036	/	794.516
	=	7.56 %

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

Zhejiang Haosheng Electronic Technology Co (BJSE:838701) 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.

Zhejiang Haosheng Electronic Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Zhejiang Haosheng Electronic Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Haosheng Electronic Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang Haosheng Electronic Technology Co Ltd (BJSE:838701) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 328, Huimin Avenue, Huimin Street, Jiashan, Zhejiang, Jiaxing, CHN, 314112

Website

http://www.haoshenget.com

Zhejiang Haosheng Electronic Technology Co Ltd is engaged in Research and development, production and sales of miniature electroacoustic components and audio electroacoustic products.

Zhejiang Haosheng Electronic Technology Co Headlines

No Headlines