Hefei Metalforming Intelligent Manufacturing Co (SHSE:603011) ROCE % : 3.11% (As of Mar. 2024)

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What is Hefei Metalforming Intelligent Manufacturing 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. Hefei Metalforming Intelligent Manufacturing Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.11%.

Hefei Metalforming Intelligent Manufacturing Co ROCE % Historical Data

The historical data trend for Hefei Metalforming Intelligent Manufacturing 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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Hefei Metalforming Intelligent Manufacturing Co ROCE % Chart

Hefei Metalforming Intelligent Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.27

2.43

4.71

2.28

4.16

Hefei Metalforming Intelligent Manufacturing 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															4.78	6.55	5.58	-0.45	3.11

Hefei Metalforming Intelligent Manufacturing Co ROCE % Calculation

Hefei Metalforming Intelligent Manufacturing 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 )
	=	93.771	/	( ( (4000.125 - 1756.789)	+	(4318.653 - 2051.212) )	/ 2 )
	=	93.771	/	( (2243.336	+	2267.441)	/ 2 )
	=	93.771	/	2255.3885
	=	4.16 %

Hefei Metalforming Intelligent Manufacturing 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 )
	=	70.652	/	( ( (4318.653 - 2051.212)	+	(4135.085 - 1857.794) )	/ 2 )
	=	70.652	/	( ( 2267.441	+	2277.291 )	/ 2 )
	=	70.652	/	2272.366
	=	3.11 %

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

Hefei Metalforming Intelligent Manufacturing Co (SHSE:603011) 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.

Hefei Metalforming Intelligent Manufacturing Co ROCE % Related Terms

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Hefei Metalforming Intelligent Manufacturing Co (SHSE:603011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hefei Metalforming Intelligent Manufacturing Co Ltd (SHSE:603011) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hefei Economic and Technological Development Zone, Ziyun Road 123, Hefei, CHN

Website

http://www.hfpress.com

Hefei Metalforming Intelligent Manufacturing Co Ltd is engaged in the manufacturing of hydraulic press, mechanical press and other intelligent forming equipment and industrial automation equipment. The company's products and services offerings include Precision drop forging hydraulic press, Pipe straightening machine, Elbow forging hydraulic press, Door plank automatic production line, Internal high pressure forming equipment and others. It provides its solutions to Metal forming field, a Non-metal material forming, Vessal field, Aerospace field, Automobile manufacturing field, Light industry and home, Petrochemical pipe fittings field, Rail transportation field, and others.

Executives

Zhang Lan Jun	senior management
Wang Yu Shan	senior management
Zhang An Ping	Director
Li Gui Shan	senior management
Han Xiao Feng	Director
Wang Xiao Feng	Director
Sun Ge	senior management
Wang Lei	Director
Li Hui	senior management
Shi Jian Wei	senior management
Yan Jian Wen	Director

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