GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Haier Smart Home Co Ltd (SHSE:600690) » Definitions » ROCE %

Haier Smart Home Co (SHSE:600690) ROCE % : 18.20% (As of Sep. 2024)


View and export this data going back to 1993. Start your Free Trial

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 Sep. 2024 was 18.20%.


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.

* Premium members only.

Haier Smart Home Co ROCE % Chart

Haier Smart Home Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.45 16.02 17.81 17.87 17.41

Haier Smart Home 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.58 13.21 18.71 22.15 18.20

Haier Smart Home Co ROCE % Calculation

Haier Smart Home 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 )
=21822.254/( ( (236017.821 - 118771.2) + (253379.86 - 119980.501) )/ 2 )
=21822.254/( (117246.621+133399.359)/ 2 )
=21822.254/125322.99
=17.41 %

Haier Smart Home 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 )
=25185.02/( ( (262251.245 - 125615.547) + (256134.009 - 116082.11) )/ 2 )
=25185.02/( ( 136635.698 + 140051.899 )/ 2 )
=25185.02/138343.7985
=18.20 %

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

* 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.


Haier Smart Home Co  (SHSE:600690) 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

Thank you for viewing the detailed overview of Haier Smart Home Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Haier Smart Home Co Business Description

Address
Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, CHN, 266101
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
Li Hua Gang Directors, senior managers
Shao Xin Zhi Director
Song Yu Jun senior management
Yu Miao Supervisors
Liu Xiao Mei senior management
Li Yang senior management
Liu Da Lin Supervisors
Zhao Yan Feng senior management
Huang Xiao Wu senior management
Guan Jiang Yong senior management
Jie Ju Zhi senior management
Wu Yong senior management
Li Pan senior management
Gong Wei Directors, senior managers
Ma Ying Jie Supervisors

Haier Smart Home Co Headlines

No Headlines