Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co (SHSE:603300) ROCE % : 10.20% (As of Sep. 2024)

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What is Zhejiang Haikong Nanke Huatie Digital Intelligence & 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. Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.20%.

Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Haikong Nanke Huatie Digital Intelligence & 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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Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co ROCE % Chart

Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.75

14.84

12.74

12.44

12.39

Zhejiang Haikong Nanke Huatie Digital Intelligence & 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															13.71	14.47	8.97	9.56	10.20

Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co ROCE % Calculation

Zhejiang Haikong Nanke Huatie Digital Intelligence & 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 )
	=	1461.536	/	( ( (14354.55 - 4435.025)	+	(19221.033 - 5540.345) )	/ 2 )
	=	1461.536	/	( (9919.525	+	13680.688)	/ 2 )
	=	1461.536	/	11800.1065
	=	12.39 %

Zhejiang Haikong Nanke Huatie Digital Intelligence & 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 )
	=	1476.972	/	( ( (19967.984 - 5521.178)	+	(21684.902 - 7179.118) )	/ 2 )
	=	1476.972	/	( ( 14446.806	+	14505.784 )	/ 2 )
	=	1476.972	/	14476.295
	=	10.20 %

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

Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co (SHSE:603300) 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.

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Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co Ltd (SHSE:603300) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shengkang Street, Floor 10, Building 1, Huatie Venture Building, No. 68, Jianggan District, Zhejiang Province, Hangzhou, CHN, 310019

Website

https://www.zjhuatie.cn

Zhejiang Haikong Nanke Huatie Digital Intelligence & Technology Co Ltd is a equipment leasing company. Its main business is to provide construction support equipment, construction repair and maintenance equipment and engineering machinery and other operation and maintenance equipment services. Its products include construction support equipment, aerial work platforms and underground repair and maintenance equipment, which are used in the support and protection of subway and other rail transportation construction, urban renovation projects, building interior and exterior decoration maintenance, urban road construction and maintenance, green garden maintenance, equipment installation and maintenance, logistics warehousing and film and television scene construction, etc.

Executives

Zhou Wei Hong	senior management
Hu Dan Feng	Director
Gui Lin	Supervisors
Guo Hai Bin	senior management
Ying Da Cheng	Director

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