Hunan Meihu Intelligent Manufacturing Co (SHSE:603319) ROCE % : 9.78% (As of Sep. 2024)

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What is Hunan Meihu Intelligent Manufacturing 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. Hunan Meihu Intelligent Manufacturing Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.78%.

Hunan Meihu Intelligent Manufacturing Co ROCE % Historical Data

The historical data trend for Hunan Meihu Intelligent Manufacturing 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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Hunan Meihu Intelligent Manufacturing Co ROCE % Chart

Hunan Meihu Intelligent Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.29

17.45

14.60

11.60

13.27

Hunan Meihu Intelligent Manufacturing 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															15.48	15.36	10.86	10.78	9.78

Hunan Meihu Intelligent Manufacturing Co ROCE % Calculation

Hunan Meihu Intelligent Manufacturing 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 )
	=	259.278	/	( ( (2768.748 - 888.722)	+	(3004.481 - 976.449) )	/ 2 )
	=	259.278	/	( (1880.026	+	2028.032)	/ 2 )
	=	259.278	/	1954.029
	=	13.27 %

Hunan Meihu Intelligent Manufacturing 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 )
	=	270.944	/	( ( (3753.465 - 1068.31)	+	(3736.572 - 883.056) )	/ 2 )
	=	270.944	/	( ( 2685.155	+	2853.516 )	/ 2 )
	=	270.944	/	2769.3355
	=	9.78 %

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

Hunan Meihu Intelligent Manufacturing Co (SHSE:603319) 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.

Hunan Meihu Intelligent Manufacturing Co ROCE % Related Terms

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Hunan Meihu Intelligent Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hunan Meihu Intelligent Manufacturing Co Ltd (SHSE:603319) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 69, North Hengyue Road, Hengdong County, Hunan Province, Chengguan, CHN, 421400

Website

http://www.hnjyb.com

Hunan Meihu Intelligent Manufacturing Co Ltd manufactures and sells oil pumps including diesel engine pumps, gasoline, mechanical and electric control variable displacement oil pumps, cooling water pumps and among others.

Executives

Zhou Yong	Director
Xu Teng	Directors, senior managers
Yan Li Juan	senior management
Wang Bin	senior management
Chen Guo Rong	Director
Cai Hao	senior management
Huang Jin Hui	senior management
Tan Xiao Ping	Director
Xu Wen Hui	Director
Chen Xiang Jun	Director
Liu Guang Ming	Director
Ding Zhen Wu	Director
Luo Da Zhi	Director
Xu Zhong Qiu	Director
Yuan Chun Hua	Director

Hunan Meihu Intelligent Manufacturing Co Headlines

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