HISEF (Hisense Home Appliances Group Co) ROCE % : 25.44% (As of Sep. 2024)

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

What is Hisense Home Appliances Group 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. Hisense Home Appliances Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 25.44%.

Hisense Home Appliances Group Co ROCE % Historical Data

The historical data trend for Hisense Home Appliances Group 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.

Hisense Home Appliances Group Co ROCE % Chart

Hisense Home Appliances Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

19.89

25.56

18.12

20.25

28.18

Hisense Home Appliances Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															33.86	19.63	31.70	31.83	25.44

Hisense Home Appliances Group Co ROCE % Calculation

Hisense Home Appliances Group 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 )
	=	816.356	/	( ( (7942.95 - 5216.08)	+	(9235.945 - 6168.187) )	/ 2 )
	=	816.356	/	( (2726.87	+	3067.758)	/ 2 )
	=	816.356	/	2897.314
	=	28.18 %

Hisense Home Appliances Group 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 )
	=	749.972	/	( ( (9748.398 - 6791.445)	+	(9689.291 - 6751.026) )	/ 2 )
	=	749.972	/	( ( 2956.953	+	2938.265 )	/ 2 )
	=	749.972	/	2947.609
	=	25.44 %

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

Hisense Home Appliances Group Co (OTCPK:HISEF) 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.

Hisense Home Appliances Group Co ROCE % Related Terms

Thank you for viewing the detailed overview of Hisense Home Appliances Group Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hisense Home Appliances Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hisense Home Appliances Group Co Ltd (OTCPK:HISEF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

00921:Hong Kong GKE:Germany 000921:China

Address

No 148 Connaught Road West, Room 3101-3105, Singga Commercial Centre, Hong kong, HKG, 528303

Website

https://hxjd.hisense.cn

Hisense Home Appliances Group Co Ltd is a manufacturer of white household electrical appliances in the People's Republic of China, with eight brand names, namely Hisense, Ronshen, KELON, HITACHI, YORK, Gorenje, ASKO, and SANDEN. The company produces electrical appliances like refrigerators, air-conditioners, freezers, washing machines, and Kitchen electrical appliances. The businesses of the Company are set out as follows: HVAC Business Work; Refrigerator and Washing Machine Business Work; Automotive Air Conditioner Compressor and Integrated Thermal Management System Business Work; Smart Home Business Work; Overseas Markets for Home Appliances Business Work and Implementing the Manufacturing Work. The majority of the company's revenue is generated from China.

Hisense Home Appliances Group Co Headlines

From GuruFocus

Optimism for North American Market, Hisense Officially Announced to Invest 260 Million US Dollars in Building Home Appliance Industrial Park in Mexico

By PRNewswire PRNewswire • 03-05-2021