Hangcha Group Co (SHSE:603298) ROCE % : 20.05% (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Hangcha 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. Hangcha Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.05%.

Hangcha Group Co ROCE % Historical Data

The historical data trend for Hangcha 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.

Hangcha Group Co ROCE % Chart

Hangcha Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

18.46

20.19

18.11

16.79

24.71

Hangcha Group 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															18.90	29.67	29.33	22.43	20.05

Hangcha Group Co ROCE % Calculation

Hangcha 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 )
	=	2143.627	/	( ( (11693.308 - 3729.074)	+	(13894.213 - 4510.98) )	/ 2 )
	=	2143.627	/	( (7964.234	+	9383.233)	/ 2 )
	=	2143.627	/	8673.7335
	=	24.71 %

Hangcha 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 )
	=	1917.36	/	( ( (13894.213 - 4510.98)	+	(15196.481 - 5452.469) )	/ 2 )
	=	1917.36	/	( ( 9383.233	+	9744.012 )	/ 2 )
	=	1917.36	/	9563.6225
	=	20.05 %

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

Hangcha Group Co (SHSE:603298) 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.

Hangcha Group Co ROCE % Related Terms

Thank you for viewing the detailed overview of Hangcha Group Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hangcha Group Co (SHSE:603298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hangcha Group Co Ltd (SHSE:603298) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

666 Xiangfu Road, Qingshan Lake Science and Technology City, Zhejiang, Hangzhou, CHN, 311305

Website

http://www.zjhc.cn

Hangcha Group Co Ltd is engaged in manufacturing of forklift truck. Its products include IC forklift truck, Electric forklift truck, warehouse equipment, tow tractors, side loading forklifts, explosion proof forklifts, empty container handlers and among others.

Executives

Jin Zhi Hao	senior management
Zhou Su Hua	senior management
Chen Sai Min	senior management
Zhao Li Min	Director
Chen Yuan Yuan	Supervisors
Li Yuan Song	senior management
Chen Wei Qiang	senior management
Ren Hai Hua	senior management

Hangcha Group Co (SHSE:603298) Headlines

No Headlines