Huidanitary Ware Co (SHSE:603385) ROCE % : 3.25% (As of Mar. 2024)

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What is Huidanitary Ware 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. Huidanitary Ware Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.25%.

Huidanitary Ware Co ROCE % Historical Data

The historical data trend for Huidanitary Ware 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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Huidanitary Ware Co ROCE % Chart

Huidanitary Ware Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.04

9.73

7.69

4.10

-3.85

Huidanitary Ware 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															1.00	6.00	-6.50	-15.73	3.25

Huidanitary Ware Co ROCE % Calculation

Huidanitary Ware 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 )
	=	-161.23	/	( ( (5981.217 - 1621.178)	+	(5844.175 - 1828.541) )	/ 2 )
	=	-161.23	/	( (4360.039	+	4015.634)	/ 2 )
	=	-161.23	/	4187.8365
	=	-3.85 %

Huidanitary Ware 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 )
	=	130.852	/	( ( (5844.175 - 1828.541)	+	(5755.042 - 1713.051) )	/ 2 )
	=	130.852	/	( ( 4015.634	+	4041.991 )	/ 2 )
	=	130.852	/	4028.8125
	=	3.25 %

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

Huidanitary Ware Co (SHSE:603385) 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.

Huidanitary Ware Co ROCE % Related Terms

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Huidanitary Ware Co (SHSE:603385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Huida Sanitary Ware Co Ltd (SHSE:603385) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Huida Road, Huida Ceramic World, Huanggezhuang Town, Fengnan District, Hebei Province, Tangshan City, CHN, 063307

Website

http://www.huidagroup.com

Huida Sanitary Ware Co Ltd is a Chinese company engaged in the production and sale of sanitary ceramics products, architectural ceramics, and sanitary ware sanitary ware accessories. It offers products such as sanitary wares, bath cabinets, wall tiles, the plastic fittings, washbasin, faucets, electronic products, the bathtub and the hardware fittings. The entity offers its products to the clients all over the world.

Executives

Wang Jia	Director
Zhang Chun Yu	Directors, senior managers
Yin Kang	Director
Wang Yan Qing	Director
Wang Yan Wei	Director
Wang Hui Wen	Director
Du Guo Feng	Director
Dong Hua Zhong	Director
Yang Chun	senior management

Huidanitary Ware Co (SHSE:603385) Headlines

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