Hangzhou Cable Co (SHSE:603618) ROCE % : 9.03% (As of Sep. 2024)

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What is Hangzhou Cable 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. Hangzhou Cable Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.03%.

Hangzhou Cable Co ROCE % Historical Data

The historical data trend for Hangzhou Cable 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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Hangzhou Cable Co ROCE % Chart

Hangzhou Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.29

5.09

7.20

8.33

8.00

Hangzhou Cable 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															7.21	8.10	5.65	8.71	9.03

Hangzhou Cable Co ROCE % Calculation

Hangzhou Cable 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 )
	=	327.356	/	( ( (9374.875 - 5066.323)	+	(9893.276 - 6022.993) )	/ 2 )
	=	327.356	/	( (4308.552	+	3870.283)	/ 2 )
	=	327.356	/	4089.4175
	=	8.00 %

Hangzhou Cable 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 )
	=	384.836	/	( ( (10716.517 - 6258.267)	+	(10388.981 - 6320.078) )	/ 2 )
	=	384.836	/	( ( 4458.25	+	4068.903 )	/ 2 )
	=	384.836	/	4263.5765
	=	9.03 %

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

Hangzhou Cable Co (SHSE:603618) 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.

Hangzhou Cable Co ROCE % Related Terms

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Hangzhou Cable Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Cable Co Ltd (SHSE:603618) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

6th Street 68-1, Hangzhou Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

http://www.hzcables.com

Hangzhou Cable Co Ltd engaged in the research and development, manufacturing and sale of wire and cable. The Company researches develop, produces and markets EHV cables, plastic wire, rubber cable and aerial cable, Aluminium alloy, Power cable, Rubber sleeve cable, Overhead wire, Mining cable and Control cable.

Executives

Hu Jian Ming	senior management
Hua Jian Fei	Director
Lu Chun Xiao	Director
Ni Yi Jian	Directors, senior managers
Yin Zhi Ping	senior management
Zhang Xu Dong	Supervisors
Zhang Qin Ying	Director
Zheng Xiu Hua	Director
Sun Qing Yan	Director
Zhang Xiu Hua	senior management

Hangzhou Cable Co Headlines

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