Renheng Enterprise Holdings (HKSE:03628) ROCE % : 13.90% (As of Jun. 2024)

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What is Renheng Enterprise 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. Renheng Enterprise Holdings's annualized ROCE % for the quarter that ended in Jun. 2024 was 13.90%.

Renheng Enterprise Holdings ROCE % Historical Data

The historical data trend for Renheng Enterprise 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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Renheng Enterprise Holdings ROCE % Chart

Renheng Enterprise Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.99

1.93

0.67

-0.52

14.17

Renheng Enterprise Holdings 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															-3.14	2.22	2.52	26.27	13.90

Renheng Enterprise Holdings ROCE % Calculation

Renheng Enterprise 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 )
	=	16.914	/	( ( (258.448 - 144.738)	+	(235.517 - 110.451) )	/ 2 )
	=	16.914	/	( (113.71	+	125.066)	/ 2 )
	=	16.914	/	119.388
	=	14.17 %

Renheng Enterprise Holdings'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 )
	=	17.838	/	( ( (235.517 - 110.451)	+	(246.406 - 114.743) )	/ 2 )
	=	17.838	/	( ( 125.066	+	131.663 )	/ 2 )
	=	17.838	/	128.3645
	=	13.90 %

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

Renheng Enterprise Holdings (HKSE:03628) 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.

Renheng Enterprise Holdings ROCE % Related Terms

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Renheng Enterprise Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Renheng Enterprise Holdings Ltd (HKSE:03628) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, Room 3805, 38th Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

https://www.renhengenterprise.com

Renheng Enterprise Holdings Ltd is an investment holding company that along with its subsidiaries, is engaged in the manufacture and sale of tobacco machinery products in the PRC. The company mainly produces three types of cataloged special-purpose tobacco machinery products, namely casing and flavoring systems, pneumatic feeding systems, and pre-pressing packing machines. It is also engaged in providing maintenance, overhaul, and modification services for tobacco machinery products. The company generates a majority of its revenue from construction contracts for casing and flavouring systems.

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