Shanghai Haixin Group Co (SHSE:600851) ROCE % : 3.89% (As of Sep. 2024)

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What is Shanghai Haixin Group 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. Shanghai Haixin Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.89%.

Shanghai Haixin Group Co ROCE % Historical Data

The historical data trend for Shanghai Haixin Group 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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Shanghai Haixin Group Co ROCE % Chart

Shanghai Haixin Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.20

2.27

2.20

5.02

4.64

Shanghai Haixin Group 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															2.57	5.74	3.33	6.93	3.89

Shanghai Haixin Group Co ROCE % Calculation

Shanghai Haixin Group 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 )
	=	209.69	/	( ( (4930.064 - 472.471)	+	(4910.625 - 330.492) )	/ 2 )
	=	209.69	/	( (4457.593	+	4580.133)	/ 2 )
	=	209.69	/	4518.863
	=	4.64 %

Shanghai Haixin Group 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 )
	=	186.032	/	( ( (4870.679 - 409.128)	+	(5400.329 - 304.021) )	/ 2 )
	=	186.032	/	( ( 4461.551	+	5096.308 )	/ 2 )
	=	186.032	/	4778.9295
	=	3.89 %

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

Shanghai Haixin Group Co (SHSE:600851) 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.

Shanghai Haixin Group Co ROCE % Related Terms

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Shanghai Haixin Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shanghai Haixin Group Co Ltd (SHSE:600851) » Definitions » ROCE %

Traded in Other Exchanges

900917:China

Address

688 Changxing Road, Dongjing Songjiang, Shanghai, CHN, 201619

Website

http://www.haixin.com.cn

Shanghai Haixin Group Co Ltd is a China-based company engaged in the pharmaceuticals business. The Pharmaceutical segment is mainly engaged in the manufacture and sales of pharmaceutical products. Further, it is also involved in financial investment, industrial plant rental management, and textile products business. Geographically, the activities are carried out through China.

Executives

Xu Wen Bin	senior management
Wang Luo Jie	senior management

Shanghai Haixin Group Co Headlines

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