Hunan Haili Chemical Industry Co (SHSE:600731) ROCE % : 1.67% (As of Mar. 2024)

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What is Hunan Haili Chemical Industry 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. Hunan Haili Chemical Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.67%.

Hunan Haili Chemical Industry Co ROCE % Historical Data

The historical data trend for Hunan Haili Chemical Industry 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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Hunan Haili Chemical Industry Co ROCE % Chart

Hunan Haili Chemical Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.23

19.82

14.32

16.01

9.37

Hunan Haili Chemical Industry Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.36	9.16	0.05	12.92	1.67

Hunan Haili Chemical Industry Co ROCE % Calculation

Hunan Haili Chemical Industry 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 )
	=	316.517	/	( ( (3925.43 - 861.372)	+	(4402.337 - 708.791) )	/ 2 )
	=	316.517	/	( (3064.058	+	3693.546)	/ 2 )
	=	316.517	/	3378.802
	=	9.37 %

Hunan Haili Chemical Industry Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	61.916	/	( ( (4402.337 - 708.791)	+	(4217.93 - 514.605) )	/ 2 )
	=	61.916	/	( ( 3693.546	+	3703.325 )	/ 2 )
	=	61.916	/	3698.4355
	=	1.67 %

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

Hunan Haili Chemical Industry Co (SHSE:600731) 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.

Hunan Haili Chemical Industry Co ROCE % Related Terms

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Hunan Haili Chemical Industry Co (SHSE:600731) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Hunan Haili Chemical Industry Co Ltd (SHSE:600731) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 251, Section 2, Furong Middle Road, Hunan, Changsha, CHN, 410007

Website

http://www.hnhlc.com

Hunan Haili Chemical Industry Co Ltd is involved in the research and development and production of pesticides. It is primarily involved in the research, development, manufacture and trade of pesticides and fine chemicals, transportation of dangerous chemicals and engineering of chemical plants.

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