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Huitong Construction Group Co (SHSE:603176) ROCE % : -3.86% (As of Mar. 2024)


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What is Huitong Construction 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. Huitong Construction Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.86%.


Huitong Construction Group Co ROCE % Historical Data

The historical data trend for Huitong Construction 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.

* Premium members only.

Huitong Construction Group Co ROCE % Chart

Huitong Construction Group Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial 26.54 23.31 15.27 9.78 7.28

Huitong Construction Group Co Quarterly Data
Dec17 Dec18 Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.44 14.85 2.82 11.02 -3.86

Huitong Construction Group Co ROCE % Calculation

Huitong Construction 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 )
=184.352/( ( (5347.418 - 3036.494) + (5450.401 - 2698.036) )/ 2 )
=184.352/( (2310.924+2752.365)/ 2 )
=184.352/2531.6445
=7.28 %

Huitong Construction Group 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 )
=-108.676/( ( (5450.401 - 2698.036) + (5509.217 - 2634.275) )/ 2 )
=-108.676/( ( 2752.365 + 2874.942 )/ 2 )
=-108.676/2813.6535
=-3.86 %

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

* 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.


Huitong Construction Group Co  (SHSE:603176) 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.


Huitong Construction Group Co ROCE % Related Terms

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Huitong Construction Group Co (SHSE:603176) Business Description

Traded in Other Exchanges
N/A
Address
69 Century East Road, Gaobeidian City, Hebei Province, Baoding, CHN, 074099
Huitong Construction Group Co Ltd is engaged in the construction of roadbed, pavement, bridges and culverts, and tunnels.

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