Harbin Hatou Investment Co (SHSE:600864) ROCE % : 3.65% (As of Sep. 2024)

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What is Harbin Hatou Investment 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. Harbin Hatou Investment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.65%.

Harbin Hatou Investment Co ROCE % Historical Data

The historical data trend for Harbin Hatou Investment 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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Harbin Hatou Investment Co ROCE % Chart

Harbin Hatou Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.51

1.57

-8.19

1.51

Harbin Hatou Investment 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															-2.16	4.52	4.30	-1.08	3.65

Harbin Hatou Investment Co ROCE % Calculation

Harbin Hatou Investment 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 )
	=	262.797	/	( ( (34660.187 - 18042.853)	+	(39401.458 - 21226.251) )	/ 2 )
	=	262.797	/	( (16617.334	+	18175.207)	/ 2 )
	=	262.797	/	17396.2705
	=	1.51 %

Harbin Hatou Investment 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 )
	=	609.66	/	( ( (37808.987 - 20980.801)	+	(42605.291 - 25992.98) )	/ 2 )
	=	609.66	/	( ( 16828.186	+	16612.311 )	/ 2 )
	=	609.66	/	16720.2485
	=	3.65 %

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

Harbin Hatou Investment Co (SHSE:600864) 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.

Harbin Hatou Investment Co ROCE % Related Terms

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Harbin Hatou Investment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Harbin Hatou Investment Co Ltd (SHSE:600864) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.27, Longshun Street, Kunlun Mall, Nangang District, Heilongjiang Province, Harbin, CHN, 150028

Website

Harbin Hatou Investment Co Ltd is engaged in the generation and supply of heat and electric power using coal. The Company is also engaged in forest harvesting, timber distribution and real estate development.

Executives

Pan Qi	senior management
Jia Shu Li	senior management
Zhang Ming Jia	senior management
Zhang Kai Chen	senior management
Xu Jian Wei	Director
Chen Jing Chun	Director

Harbin Hatou Investment Co Headlines

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