Howkingtech International Holding (HKSE:02440) ROCE % : 9.60% (As of Jun. 2023)

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What is Howkingtech International 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. Howkingtech International Holding's annualized ROCE % for the quarter that ended in Jun. 2023 was 9.60%.

Howkingtech International Holding ROCE % Historical Data

The historical data trend for Howkingtech International 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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Howkingtech International Holding ROCE % Chart

Howkingtech International Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

24.81

33.80

30.01

15.70

13.06

Howkingtech International Holding Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	7.72	21.23	9.60	17.49

Howkingtech International Holding ROCE % Calculation

Howkingtech International Holding's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	37.357	/	( ( (431.866 - 242.298)	+	(400.55 - 114.338) )	/ 2 )
	=	37.357	/	( (189.568	+	286.212)	/ 2 )
	=	37.357	/	237.89
	=	15.70 %

Howkingtech International Holding's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	26.632	/	( ( (400.55 - 114.338)	+	(365.641 - 97.269) )	/ 2 )
	=	26.632	/	( ( 286.212	+	268.372 )	/ 2 )
	=	26.632	/	277.292
	=	9.60 %

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

Howkingtech International Holding (HKSE:02440) 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.

Howkingtech International Holding ROCE % Related Terms

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Howkingtech International Holding (HKSE:02440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Howkingtech International Holding Ltd (HKSE:02440) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, East Mozhou Road, Jiangning Economic and Technological Development Zone, Building B4, Nanjing, CHN

Website

http://www.howkingtech.com

Howkingtech International Holding Ltd is a provider for data transmission and processing services for IoT applications and telecommunication equipment in China, serving a broad range of industrial customers. It mainly provides customized data transmission and processing services to customers in manufacturing, municipal services and other industries in China, and research, develop and sell telecommunication equipment.

Executives

Wang Zheshi	2101 Beneficial owner
Chen Ping	2202 Interest of your spouse
Howkingtech Holding Limited	2101 Beneficial owner
Jin Yan	2201 Interest of corporation controlled by you
Ban Lifeng	2201 Interest of corporation controlled by you
Xie Xiongqing	2201 Interest of corporation controlled by you
Ye Xiang	2201 Interest of corporation controlled by you
Ding Di	2201 Interest of corporation controlled by you
Wu Chak Man	2101 Beneficial owner
Ning Bo Hui Xin Zhi Yuan Tou Zi Guan Li He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Ning Bo Xin Hui Qian Hai Gu Quan Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Jin Yuan Zhang Fu Qi Ye Guan Li He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Shen Zhen Hui Xin Qian Hai Gu Quan Tou Zi Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you

Howkingtech International Holding (HKSE:02440) Headlines

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