Haier Smart Home Co (HKSE:06690) ROCE % : 14.59% (As of Dec. 2024)

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What is Haier Smart Home Co 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. Haier Smart Home Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 14.59%.

Haier Smart Home Co ROCE % Historical Data

The historical data trend for Haier Smart Home Co'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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Haier Smart Home Co ROCE % Chart

Haier Smart Home Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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16.52

18.10

17.14

17.37

18.11

Haier Smart Home Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															14.67	18.38	22.05	18.41	14.59

Haier Smart Home Co ROCE % Calculation

Haier Smart Home Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	27182.662	/	( ( (285550.322 - 135425.443)	+	(309746.424 - 159693.179) )	/ 2 )
	=	27182.662	/	( (150124.879	+	150053.245)	/ 2 )
	=	27182.662	/	150089.062
	=	18.11 %

Haier Smart Home Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	22199.224	/	( ( (282015.272 - 127811.718)	+	(309746.424 - 159693.179) )	/ 2 )
	=	22199.224	/	( ( 154203.554	+	150053.245 )	/ 2 )
	=	22199.224	/	152128.3995
	=	14.59 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Haier Smart Home Co (HKSE:06690) 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.

Haier Smart Home Co ROCE % Related Terms

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Haier Smart Home Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Haier Smart Home Co Ltd (HKSE:06690) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HSHCY:USA HRSHF:USA QIHCF:USA HAI0:Germany 690E:Germany 690D:Germany 690D:Germany 690D:Germany 600690:China

Address

Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, CHN, 266101

Website

https://smart-home.haier.com/cn

Haier Smart Home is one of the largest household appliance manufacturers globally, with key products spanning refrigerators, washing machines, kitchen appliances, air conditioners, and water solutions. It has been consistently among the top three in China by retail sales in most home appliance categories. The company has also established a footprint in distribution channel services and commercial refrigeration business. Haier generates around 50% of sales outside China. As of December 2023, Haier Group and its subsidiaries are the largest shareholders of Haier Smart Home with around 29% equity interest in aggregate.

Executives

Jpmorgan Chase & Co.	2502 Approved lending agent
Blackrock, Inc.	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent
Haier (hk) Investment Co., Limited	2201 Interest of corporation controlled by you
Haier Group Corporation	2201 Interest of corporation controlled by you
Hch (hk) Investment Management Co., Limited	2101 Beneficial owner

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