HUIZ (Huize Holding) ROCE % : -18.86% (As of Jun. 2024)

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What is Huize 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. Huize Holding's annualized ROCE % for the quarter that ended in Jun. 2024 was -18.86%.

Huize Holding ROCE % Historical Data

The historical data trend for Huize 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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Huize Holding ROCE % Chart

Huize Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.32

-3.68

-15.06

-6.23

10.59

Huize Holding Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															6.29	13.70	15.35	6.37	-18.86

Huize Holding ROCE % Calculation

Huize 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 )
	=	8.12	/	( ( (156.291 - 80.191)	+	(132.63 - 55.327) )	/ 2 )
	=	8.12	/	( (76.1	+	77.303)	/ 2 )
	=	8.12	/	76.7015
	=	10.59 %

Huize 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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-14.332	/	( ( (139.407 - 61.507)	+	(128.459 - 54.394) )	/ 2 )
	=	-14.332	/	( ( 77.9	+	74.065 )	/ 2 )
	=	-14.332	/	75.9825
	=	-18.86 %

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

Huize Holding (NAS:HUIZ) 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.

Huize Holding ROCE % Related Terms

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Huize Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Huize Holding Ltd (NAS:HUIZ) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qianhai Financial Centre, Linhai Avenue, 49 Floor, Building T1, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen, CHN, 518000

Website

https://www.huize.com

Huize Holding Ltd is an independent online insurance product and service platform in China. The company distributes on its platform insurance products underwritten by the insurance companies who cooperate with the company, who the company refers to as its insurer partners, and helps them reach a large number of insurance clients. The company's platform offers digitalized insurance purchase experience and services through various internet and mobile internet channels. The company generates revenues from the insurance brokerage fees paid by its insurer partners.