Aowei Holding (HKSE:01370) ROCE % : -3.03% (As of Jun. 2024)

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What is Aowei Holding 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. Aowei Holding's annualized ROCE % for the quarter that ended in Jun. 2024 was -3.03%.

Aowei Holding ROCE % Historical Data

The historical data trend for Aowei Holding'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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Aowei Holding ROCE % Chart

Aowei Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.52

-2.57

19.95

7.15

-29.20

Aowei Holding Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															9.93	4.60	-1.47	-55.67	-3.03

Aowei Holding ROCE % Calculation

Aowei Holding'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 )
	=	-511.577	/	( ( (2707.861 - 781.778)	+	(2407.419 - 828.96) )	/ 2 )
	=	-511.577	/	( (1926.083	+	1578.459)	/ 2 )
	=	-511.577	/	1752.271
	=	-29.20 %

Aowei Holding's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-46.498	/	( ( (2407.419 - 828.96)	+	(2276.868 - 781.761) )	/ 2 )
	=	-46.498	/	( ( 1578.459	+	1495.107 )	/ 2 )
	=	-46.498	/	1536.783
	=	-3.03 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Aowei Holding (HKSE:01370) 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.

Aowei Holding ROCE % Related Terms

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Aowei Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aowei Holding Ltd (HKSE:01370) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 91 Guangping Avenue, Laiyuan County, Hebei Province, Baoding, CHN, 074300

Website

http://www.aoweiholding.com

Aowei Holding Ltd is engaged in the exploration, mining, processing, and trading of iron ore products and the provision of hospital management service in the People's Republic of China (PRC). The company owns and operates mines that are located in the Hebei Province, through which it produces iron ore and steel in the PRC. Its product offering includes iron ores, and iron ore concentrates that are processed at Gufen Mine, Wang'ergou Mine and Shuanmazhuang Mine and preliminary concentrates and iron ores processed at and recovered from Zhijiazhuang Mine. Its segments include Mining segment and Medical segment. The company generates majority of its from Mining segment.

Executives

Aowei International Developments Limited	2101 Beneficial owner
Hengshi Holdings Limited	2201 Interest of corporation controlled by you
Hengshi International Investments Limited	2101 Beneficial owner
Leung Hongying Li Ziwei	2307 Founder of a discretionary trust who can infl
Li Yanjun	2103 Interests held jointly with another person
Trident Trust Company (hk) Limited	2301 Trustee
Chak Limited	2201 Interest of corporation controlled by you
Credit Suisse Trust Limited	2301 Trustee
Seven Limited	2201 Interest of corporation controlled by you
Fresh Idea Ventures Limited	2106 Person having a security interest in shares
Huarong International Financial Holdings Limited	2201 Interest of corporation controlled by you
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Aowei Holding Headlines

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