China Hainan Rubber Industry Group Co (SHSE:601118) ROCE % : 0.23% (As of Sep. 2024)

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What is China Hainan Rubber Industry 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. China Hainan Rubber Industry Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.23%.

China Hainan Rubber Industry Group Co ROCE % Historical Data

The historical data trend for China Hainan Rubber Industry 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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China Hainan Rubber Industry Group Co ROCE % Chart

China Hainan Rubber Industry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.97

2.50

2.77

2.52

5.88

China Hainan Rubber Industry 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															-2.40	23.61	-0.72	0.70	0.23

China Hainan Rubber Industry Group Co ROCE % Calculation

China Hainan Rubber Industry 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 )
	=	1042.867	/	( ( (22328.976 - 6328.497)	+	(33950.327 - 14460.687) )	/ 2 )
	=	1042.867	/	( (16000.479	+	19489.64)	/ 2 )
	=	1042.867	/	17745.0595
	=	5.88 %

China Hainan Rubber Industry 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 )
	=	45.9	/	( ( (35053.922 - 15732.267)	+	(36232.556 - 15207.664) )	/ 2 )
	=	45.9	/	( ( 19321.655	+	21024.892 )	/ 2 )
	=	45.9	/	20173.2735
	=	0.23 %

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

China Hainan Rubber Industry Group Co (SHSE:601118) 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.

China Hainan Rubber Industry Group Co ROCE % Related Terms

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China Hainan Rubber Industry Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Hainan Rubber Industry Group Co Ltd (SHSE:601118) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Green Sea, building-13, Ken Road, Hainan Province, Haikou, Shanghai, CHN, 570226

Website

http://www.hirub.cn

China Hainan Rubber Industry Group Co Ltd operates in the rubber industry. Its principal business activities include research and development, plantation, processing and distribution of natural rubber in China. Its product offering includes natural rubber inspection gloves, latex wire, aviation tire standard glue, meridian and light color glues.

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