Shanxi Huaxiang Group Co (SHSE:603112) ROCE % : 11.65% (As of Sep. 2024)

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What is Shanxi Huaxiang 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. Shanxi Huaxiang Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.65%.

Shanxi Huaxiang Group Co ROCE % Historical Data

The historical data trend for Shanxi Huaxiang 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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Shanxi Huaxiang Group Co ROCE % Chart

Shanxi Huaxiang Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.82

16.76

12.87

8.16

11.81

Shanxi Huaxiang 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															13.24	11.48	11.84	13.32	11.65

Shanxi Huaxiang Group Co ROCE % Calculation

Shanxi Huaxiang 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 )
	=	474.683	/	( ( (5099.912 - 1431.268)	+	(5291.55 - 919.724) )	/ 2 )
	=	474.683	/	( (3668.644	+	4371.826)	/ 2 )
	=	474.683	/	4020.235
	=	11.81 %

Shanxi Huaxiang 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 )
	=	556.084	/	( ( (5409.512 - 818.454)	+	(5864.279 - 911.761) )	/ 2 )
	=	556.084	/	( ( 4591.058	+	4952.518 )	/ 2 )
	=	556.084	/	4771.788
	=	11.65 %

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

Shanxi Huaxiang Group Co (SHSE:603112) 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.

Shanxi Huaxiang Group Co ROCE % Related Terms

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Shanxi Huaxiang Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanxi Huaxiang Group Co Ltd (SHSE:603112) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Hualin Nursery, Shanxi Province, Ganting Town, Hongdong County, Linfen, CHN, 041600

Website

http://www.huaxianggroup.cn

Shanxi Huaxiang Group Co Ltd is primarily involved in the research and development, production and sales of various customized metal parts. The company's products are mainly focused on the three major industries of white goods, construction machinery and automobile manufacturing.

Executives

Ma Yi Guang	Supervisors
Lu Hai Xing	Director
Zhang Min	Director
Cheng Yi	Director
Ren Rui	senior management
Zhang Yu Fei	senior management
Zhang Jie	Directors, senior managers
Liao Zhou	senior management
Guo Yong Zhi	Director

Shanxi Huaxiang Group Co Headlines

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