Zhejiang Hengtong Holding Co (SHSE:600226) ROCE % : 8.02% (As of Sep. 2024)

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What is Zhejiang Hengtong Holding 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. Zhejiang Hengtong Holding Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.02%.

Zhejiang Hengtong Holding Co ROCE % Historical Data

The historical data trend for Zhejiang Hengtong Holding 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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Zhejiang Hengtong Holding Co ROCE % Chart

Zhejiang Hengtong Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-15.43

-29.48

14.37

17.65

4.90

Zhejiang Hengtong Holding Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.63	-0.17	6.88	6.17	8.02

Zhejiang Hengtong Holding Co ROCE % Calculation

Zhejiang Hengtong Holding Co'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 )
	=	177.064	/	( ( (3606.929 - 242.818)	+	(4314.616 - 453.49) )	/ 2 )
	=	177.064	/	( (3364.111	+	3861.126)	/ 2 )
	=	177.064	/	3612.6185
	=	4.90 %

Zhejiang Hengtong Holding Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	313.824	/	( ( (4601.259 - 593.132)	+	(4364.694 - 545.88) )	/ 2 )
	=	313.824	/	( ( 4008.127	+	3818.814 )	/ 2 )
	=	313.824	/	3913.4705
	=	8.02 %

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

Zhejiang Hengtong Holding Co (SHSE:600226) 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.

Zhejiang Hengtong Holding Co ROCE % Related Terms

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Zhejiang Hengtong Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Zhejiang Hengtong Holding Co Ltd (SHSE:600226) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Yuping Road, Building C15, Geographic Information Town, Deqing County, Zhejiang, Huzhou, CHN, 313200

Website

http://www.hugeleafgroup.com

Zhejiang Hengtong Holding Co Ltd is engaged in online game research, development, agency distribution, IP and source code cooperation, film and variety and other related businesses and production and sale of biological pesticides, veterinary drugs, feed additive products, and combined heat and power.

Executives

Shen Pei Jin	Director
Shen De Tang	Director
Tao Shun Xiao	senior management
Chen Wei Qun	Director
Shen Hong Quan	senior management
Yao Yun Quan	senior management
Li Wen Hong	Supervisors
Lv Miao Yue	senior management
Xu Hong Biao	Supervisors
Chu Xiao He	senior management
Zhang Wen Jun	senior management
Wu Song Gen	Director
Xu Fen	senior management
Yang Chun Fang	Director
Wang Xin Pei	senior management

Zhejiang Hengtong Holding Co Headlines

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