Huada Automotive Technology Co (SHSE:603358) ROCE % : 6.80% (As of Sep. 2024)

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What is Huada Automotive 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. Huada Automotive Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.80%.

Huada Automotive Technology Co ROCE % Historical Data

The historical data trend for Huada Automotive 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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Huada Automotive Technology Co ROCE % Chart

Huada Automotive Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.20

9.76

13.10

9.05

11.92

Huada Automotive 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															15.49	9.14	19.13	2.22	6.80

Huada Automotive Technology Co ROCE % Calculation

Huada Automotive 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 )
	=	466.895	/	( ( (6395.115 - 2695.092)	+	(6756.097 - 2622.065) )	/ 2 )
	=	466.895	/	( (3700.023	+	4134.032)	/ 2 )
	=	466.895	/	3917.0275
	=	11.92 %

Huada Automotive 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 )
	=	280.72	/	( ( (6331.802 - 2199.417)	+	(6349.824 - 2229.916) )	/ 2 )
	=	280.72	/	( ( 4132.385	+	4119.908 )	/ 2 )
	=	280.72	/	4126.1465
	=	6.80 %

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

Huada Automotive Technology Co (SHSE:603358) 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.

Huada Automotive Technology Co ROCE % Related Terms

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Huada Automotive Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Huada Automotive Technology Co Ltd (SHSE:603358) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 51 Jiangping Road, Jiangsu Province, Jingjiang, CHN, 214500

Website

http://www.hdqckj.com

Huada Automotive Technology Co Ltd operates in the auto parts manufacturing industry. It is engaged in the manufacturing and distribution of automotive parts. The company produces all kinds of metal control parts, stamping parts, insulation board series, molds, welding assembly parts, and other tooling products.

Executives

Chen Jing Hong	Director
Ge Jiang Hong	Director
Fan Yin Song	senior management

Huada Automotive Technology Co Headlines

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