Zhejiang Hangke Technologyorporated Co (SHSE:688006) ROCE % : 11.21% (As of Sep. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Zhejiang Hangke Technologyorporated 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 Hangke Technologyorporated Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.21%.

Zhejiang Hangke Technologyorporated Co ROCE % Historical Data

The historical data trend for Zhejiang Hangke Technologyorporated 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.

* Premium members only.

Zhejiang Hangke Technologyorporated Co ROCE % Chart

Zhejiang Hangke Technologyorporated Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

21.22

17.64

9.47

17.49

21.40

Zhejiang Hangke Technologyorporated 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															20.75	8.56	14.64	7.09	11.21

Zhejiang Hangke Technologyorporated Co ROCE % Calculation

Zhejiang Hangke Technologyorporated 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 )
	=	911.564	/	( ( (7966.087 - 4588.082)	+	(10224.759 - 5081.831) )	/ 2 )
	=	911.564	/	( (3378.005	+	5142.928)	/ 2 )
	=	911.564	/	4260.4665
	=	21.40 %

Zhejiang Hangke Technologyorporated 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 )
	=	591.748	/	( ( (9712.842 - 4485.047)	+	(9647.452 - 4316.067) )	/ 2 )
	=	591.748	/	( ( 5227.795	+	5331.385 )	/ 2 )
	=	591.748	/	5279.59
	=	11.21 %

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

Zhejiang Hangke Technologyorporated Co (SHSE:688006) 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 Hangke Technologyorporated Co ROCE % Related Terms

Thank you for viewing the detailed overview of Zhejiang Hangke Technologyorporated Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Hangke Technologyorporated Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Hangke Technology Incorporated Co (SHSE:688006) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 77, Gaoxin 11th Road, Xiaoshan Economic and Technological Development Zone, Qiaonan Block, Zhejiang, Hangzhou, CHN

Website

http://www.chr-group.net/EN/

Zhejiang Hangke Technology Incorporated Co is engaged in the design, development, production and sales of various types of cies, especially lithium ion battery production line aftertreatment systems.

Executives

Zhao Qun Wu	Director, core technical staff
Liu Wei	Core technical personnel
Fu Feng Hua	senior management
Zhang Ying Ying	senior management
Zheng Lin Jun	Supervisors
Sang Hong Yu	Director
Yu Ping Guang	Supervisors

Zhejiang Hangke Technologyorporated Co Headlines

No Headlines