Hi Sun Technology (China) (HKSE:00818) ROCE % : 4.92% (As of Dec. 2023)

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What is Hi Sun Technology (China) 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. Hi Sun Technology (China)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 4.92%.

Hi Sun Technology (China) ROCE % Historical Data

The historical data trend for Hi Sun Technology (China)'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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Hi Sun Technology (China) ROCE % Chart

Hi Sun Technology (China) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.75

13.36

50.62

9.48

6.28

Hi Sun Technology (China) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															8.62	10.44	8.49	7.73	4.92

Hi Sun Technology (China) ROCE % Calculation

Hi Sun Technology (China)'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 )
	=	482.744	/	( ( (11455.311 - 3886.633)	+	(13031.718 - 5232.138) )	/ 2 )
	=	482.744	/	( (7568.678	+	7799.58)	/ 2 )
	=	482.744	/	7684.129
	=	6.28 %

Hi Sun Technology (China)'s ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	379.152	/	( ( (10389.172 - 2783.697)	+	(13031.718 - 5232.138) )	/ 2 )
	=	379.152	/	( ( 7605.475	+	7799.58 )	/ 2 )
	=	379.152	/	7702.5275
	=	4.92 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Hi Sun Technology (China) (HKSE:00818) 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.

Hi Sun Technology (China) ROCE % Related Terms

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Hi Sun Technology (China) (HKSE:00818) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hi Sun Technology (China) Ltd (HKSE:00818) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Harbour Road, Room 2515, 25th Floor, Sun Hung Kai Centre, Wanchai, HKG

Website

http://www.hisun.com.hk

Hi Sun Technology (China) Ltd has five operating segments: payment processing, financial solutions, electronic power meters, Information security chips & solutions, and platform operation solutions. The payment processing solutions segment is engaged in the provision of payment processing services, merchant recruiting, and related products and solutions. Financial solutions provide consulting, integration, and operation services of information technology products to financial institutions and banks. The firm manufactures electronic power meters primarily for the public sector. Platform operation solutions provide operational support for telecom and payment platform solutions. Its geographical segments are Mainland China and Hong Kong.

Executives

Kopernik Global Investors Llc	2102 Investment manager
Kui Man Chun	2101 Beneficial owner

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