Hywin Holdings (Hywin Holdings) ROCE % : 17.21% (As of Dec. 2022)

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What is Hywin 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. Hywin Holdings's annualized ROCE % for the quarter that ended in Dec. 2022 was 17.21%.

Hywin Holdings ROCE % Historical Data

The historical data trend for Hywin 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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Hywin Holdings ROCE % Chart

Hywin Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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21.49

32.40

46.60

36.93

19.28

Hywin Holdings Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial					59.33	23.11	51.62	17.21	19.50

Hywin Holdings ROCE % Calculation

Hywin Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	32.816	/	( ( (266.372 - 116.473)	+	(331.428 - 140.921) )	/ 2 )
	=	32.816	/	( (149.899	+	190.507)	/ 2 )
	=	32.816	/	170.203
	=	19.28 %

Hywin Holdings's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Jun. 2022 )		(Q: Dec. 2022 )
	=	29.278	/	( ( (266.372 - 116.473)	+	(321.108 - 130.72) )	/ 2 )
	=	29.278	/	( ( 149.899	+	190.388 )	/ 2 )
	=	29.278	/	170.1435
	=	17.21 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2022) EBIT data.

Hywin Holdings (NAS:HYW) 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.

Hywin Holdings ROCE % Related Terms

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Hywin Holdings (Hywin Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hywin Holdings Ltd (NAS:HYW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

8 Yincheng Mid. Road, F3, Hywin Financial Centre, Pudong New District, Shanghai, CHN, 200120

Website

http://www.hywinwealth.com

Hywin Holdings Ltd is a wealth management service provider in China. It primarily provide wealth management services, insurance brokerage services, asset management services and other services to clients.