Ruichang International Holdings (HKSE:01334) ROCE % : 48.40% (As of Dec. 2023)

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What is Ruichang International Holdings 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. Ruichang International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 48.40%.

Ruichang International Holdings ROCE % Historical Data

The historical data trend for Ruichang International Holdings'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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Ruichang International Holdings ROCE % Chart

Ruichang International Holdings Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

8.76

18.18

24.20

Ruichang International Holdings Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	17.52	36.36	48.40

Ruichang International Holdings ROCE % Calculation

Ruichang International Holdings'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 )
	=	80.284	/	( ( (661.679 - 366.319)	+	(760.873 - 392.752) )	/ 2 )
	=	80.284	/	( (295.36	+	368.121)	/ 2 )
	=	80.284	/	331.7405
	=	24.20 %

Ruichang International Holdings'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	160.568	/	( ( (661.679 - 366.319)	+	(760.873 - 392.752) )	/ 2 )
	=	160.568	/	( ( 295.36	+	368.121 )	/ 2 )
	=	160.568	/	331.7405
	=	48.40 %

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

Ruichang International Holdings (HKSE:01334) 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.

Ruichang International Holdings ROCE % Related Terms

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Ruichang International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ruichang International Holdings Ltd (HKSE:01334) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qinzhou North Road, Room 201, 2nd Floor, No.1001, Xuhui District, Shanghai, CHN

Website

https://www.ruichang.com.cn

Ruichang International Holdings Ltd is a petroleum refinery and petrochemical equipment manufacturer. Its products are divided into four product categories, namely (i) SRU and VOCs incineration equipment; (ii) catalytic cracking equipment; (iii) process burners; and (iv) heat exchangers. The group also provides installation services for the equipment manufactured and ancillary facilities such as electrical erection work and mechanical erection work.

Executives

Huang Shan Jian Tou Si Mu Ji Jin Guan Li You Xian Gong Si	2101 Beneficial owner
Bai Wei	2202 Interest of your spouse
Lu Bo	2501 Other
Lu Xiaojing	2501 Other
Shao Song	2202 Interest of your spouse
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