Horizon Construction Development (HKSE:09930) ROCE % : 9.54% (As of Dec. 2024)

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What is Horizon Construction Development 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. Horizon Construction Development's annualized ROCE % for the quarter that ended in Dec. 2024 was 9.54%.

Horizon Construction Development ROCE % Historical Data

The historical data trend for Horizon Construction Development'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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Horizon Construction Development ROCE % Chart

Horizon Construction Development Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

8.64

10.50

8.48

9.26

8.23

Horizon Construction Development Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial			10.31	7.23	11.74	6.74	9.54

Horizon Construction Development ROCE % Calculation

Horizon Construction Development'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 )
	=	2141.735	/	( ( (34166.125 - 10151.93)	+	(38899.757 - 10836.59) )	/ 2 )
	=	2141.735	/	( (24014.195	+	28063.167)	/ 2 )
	=	2141.735	/	26038.681
	=	8.23 %

Horizon Construction Development'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: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	2598.712	/	( ( (37969.58 - 11576.043)	+	(38899.757 - 10836.59) )	/ 2 )
	=	2598.712	/	( ( 26393.537	+	28063.167 )	/ 2 )
	=	2598.712	/	27228.352
	=	9.54 %

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

Horizon Construction Development (HKSE:09930) 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.

Horizon Construction Development ROCE % Related Terms

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Horizon Construction Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Horizon Construction Development Ltd (HKSE:09930) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

B7H:Germany

Address

200 Xichang Road, No. 5, 6-610, Building 2, Minghai Center, Tianjin Pilot Free Trade Zone, Dongjiang Bonded Port Area, Tianjin, CHN

Website

http://www.hongxinjianfa.com

Horizon Construction Development Ltd is an equipment operation service provider. The company's services include a nationwide operation network and one-stop equipment services including engineering construction, equipment leasing, equipment sales, spare parts sales, maintenance and manufacturing, and second-hand disposal. The company has three reportable operating segments, Operating lease services, Engineering and technical services, and Platform and other services. A majority of its revenue is generated from the Operating lease services segment which is engaged in leasing of equipment and materials to customers and generating revenue mainly from rental fees payable by customers.

Executives

He Zi Ming	2101 Beneficial owner
Far East Horizon Limited	2101 Beneficial owner
Farsighted Wit Limited
Tian Jin Hong Sheng Zu Lin You Xian Gong Si
Tian Jin Hong Jian Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo
Tian Jin Lan Jin Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo
Yuan Dong Guo Ji Rong Zi Zu Lin You Xian Gong Si
Yuan Dong Hong Xin Tian Jin Rong Zi Zu Lin You Xian Gong Si

Horizon Construction Development Headlines

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