Shanghai Huide Science & Technology Co (SHSE:603192) ROCE % : 10.01% (As of Sep. 2024)

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What is Shanghai Huide Science & Technology 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. Shanghai Huide Science & Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.01%.

Shanghai Huide Science & Technology Co ROCE % Historical Data

The historical data trend for Shanghai Huide Science & Technology 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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Shanghai Huide Science & Technology Co ROCE % Chart

Shanghai Huide Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.24

11.26

9.39

4.40

4.34

Shanghai Huide Science & Technology 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															6.29	0.67	4.13	8.42	10.01

Shanghai Huide Science & Technology Co ROCE % Calculation

Shanghai Huide Science & Technology 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 )
	=	63.125	/	( ( (2291.405 - 856.486)	+	(2340.274 - 865.812) )	/ 2 )
	=	63.125	/	( (1434.919	+	1474.462)	/ 2 )
	=	63.125	/	1454.6905
	=	4.34 %

Shanghai Huide Science & Technology 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 )
	=	150.944	/	( ( (2139.126 - 646.03)	+	(2127.262 - 603.017) )	/ 2 )
	=	150.944	/	( ( 1493.096	+	1524.245 )	/ 2 )
	=	150.944	/	1508.6705
	=	10.01 %

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

Shanghai Huide Science & Technology Co (SHSE:603192) 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.

Shanghai Huide Science & Technology Co ROCE % Related Terms

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Shanghai Huide Science & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Huide Science & Technology Co Ltd (SHSE:603192) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Chunhua Road, Jinshanwei Town, Jinshan District, Shanghai, CHN, 201512

Website

http://www.shhdsz.com

Shanghai Huide Science & Technology Co Ltd is a Chinese chemical company. The company is engaged in the research and development, production, sales and technical services of polyurethane resin products. Its products offerings include series of HDW products including Wet, Synthetic, Synthetic Leather, and Polyol.

Executives

Zou Wen Ge	senior management
Li Bing	senior management
Qian Hong Xiang	Directors, senior managers
Gu Wei Xi	senior management
Fan Han Qing	senior management

Shanghai Huide Science & Technology Co Headlines

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