Chongqing Hong Xi Technology Co (BJSE:871857) ROCE % : 7.83% (As of Mar. 2024)

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What is Chongqing Hong Xi 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. Chongqing Hong Xi Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.83%.

Chongqing Hong Xi Technology Co ROCE % Historical Data

The historical data trend for Chongqing Hong Xi 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.

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Chongqing Hong Xi Technology Co ROCE % Chart

Chongqing Hong Xi Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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50.48

45.11

28.41

13.16

10.59

Chongqing Hong Xi Technology Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.51	15.26	14.47	5.46	7.83

Chongqing Hong Xi Technology Co ROCE % Calculation

Chongqing Hong Xi 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 )
	=	41.402	/	( ( (461.846 - 88.277)	+	(556.772 - 148.63) )	/ 2 )
	=	41.402	/	( (373.569	+	408.142)	/ 2 )
	=	41.402	/	390.8555
	=	10.59 %

Chongqing Hong Xi Technology 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 )
	=	32.228	/	( ( (556.772 - 148.63)	+	(563.241 - 148.385) )	/ 2 )
	=	32.228	/	( ( 408.142	+	414.856 )	/ 2 )
	=	32.228	/	411.499
	=	7.83 %

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

Chongqing Hong Xi Technology Co (BJSE:871857) 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.

Chongqing Hong Xi Technology Co ROCE % Related Terms

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Chongqing Hong Xi Technology Co (BJSE:871857) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chongqing Hong Xi Technology Co Ltd (BJSE:871857) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 2868 Puti East Road, Changshou District, Chongqing, CHN, 401220

Website

http://www.hong-xi.cn

Chongqing Hong Xi Technology Co Ltd engages in the design, research and development, production, and sales of high-precision electronic wire components and miniature electroacoustic devices. The company's products mainly include extremely fine coaxial lines, very fine Teflon lines, and electronic wire, the company's products are mainly used in notebook computers, communications, digital and other products.

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