Zhejiang Huasheng Technology Co (SHSE:605180) ROCE % : 7.39% (As of Sep. 2024)

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What is Zhejiang Huasheng 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 Huasheng Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.39%.

Zhejiang Huasheng Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Huasheng 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 Huasheng Technology Co ROCE % Chart

Zhejiang Huasheng Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.33

28.38

25.68

5.89

2.38

Zhejiang Huasheng 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															1.93	3.77	6.01	5.84	7.39

Zhejiang Huasheng Technology Co ROCE % Calculation

Zhejiang Huasheng 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 )
	=	26.315	/	( ( (1127.285 - 23.007)	+	(1131.778 - 25.851) )	/ 2 )
	=	26.315	/	( (1104.278	+	1105.927)	/ 2 )
	=	26.315	/	1105.1025
	=	2.38 %

Zhejiang Huasheng 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 )
	=	83.756	/	( ( (1175.196 - 48.719)	+	(1179.678 - 40.168) )	/ 2 )
	=	83.756	/	( ( 1126.477	+	1139.51 )	/ 2 )
	=	83.756	/	1132.9935
	=	7.39 %

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

Zhejiang Huasheng Technology Co (SHSE:605180) 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.

Zhejiang Huasheng Technology Co ROCE % Related Terms

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Zhejiang Huasheng Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Huasheng Technology Co Ltd (SHSE:605180) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 8 Hongqi Avenue, Maqiao Street, Jiaxing City, Zhejiang Province, Haining, CHN, 314419

Website

https://www.huashengflex.com

Zhejiang Huasheng Technology Co Ltd is engaged in the research and development, production, and sales of plastic composite materials. The company's main products are airtight materials and flexible materials. Among them, airtight materials include brushed air cushion materials and inflatable yacht materials, which are mainly used in sports and leisure fields such as paddle boards, gymnastics mats, and inflatable yachts; flexible materials include canopy materials and light box advertising materials, which are mainly used in transportation, logistics and planes, advertising, and other fields.

Zhejiang Huasheng Technology Co Headlines

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