Suzhou Harmontronics Automation Technology Co (SHSE:688022) ROCE % : 1.49% (As of Mar. 2024)

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

What is Suzhou Harmontronics Automation 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. Suzhou Harmontronics Automation Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.49%.

Suzhou Harmontronics Automation Technology Co ROCE % Historical Data

The historical data trend for Suzhou Harmontronics Automation 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.

* Premium members only.

Suzhou Harmontronics Automation Technology Co ROCE % Chart

Suzhou Harmontronics Automation Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

14.40

3.49

7.76

8.56

-6.68

Suzhou Harmontronics Automation Technology 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															-13.45	16.69	-5.89	-20.52	1.49

Suzhou Harmontronics Automation Technology Co ROCE % Calculation

Suzhou Harmontronics Automation 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 )
	=	-105.054	/	( ( (3005.765 - 1906.112)	+	(4075.689 - 2031.391) )	/ 2 )
	=	-105.054	/	( (1099.653	+	2044.298)	/ 2 )
	=	-105.054	/	1571.9755
	=	-6.68 %

Suzhou Harmontronics Automation Technology 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 )
	=	30.856	/	( ( (4075.689 - 2031.391)	+	(3912.782 - 1826.04) )	/ 2 )
	=	30.856	/	( ( 2044.298	+	2086.742 )	/ 2 )
	=	30.856	/	2065.52
	=	1.49 %

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

Suzhou Harmontronics Automation Technology Co (SHSE:688022) 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.

Suzhou Harmontronics Automation Technology Co ROCE % Related Terms

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

Suzhou Harmontronics Automation Technology Co (SHSE:688022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Harmontronics Automation Technology Co Ltd (SHSE:688022) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 40/16, Jiasheng Road, Suzhou Industrial Park, Jiangsu Province, Shengpu Town, CHN, 215126

Website

https://www.harmontronics.com

Suzhou Harmontronics Automation Technology Co Ltd is a high-tech enterprise specializing in intelligent manufacturing research and development, design, production, sales and service. The company specializes in the manufacture of precision small products, providing customers with flexible and efficient integrated solutions for intelligent manufacturing equipment. It offers products such as PCB press fit pin machine, integral machine and Laminated molding machine.

Executives

Xie Xin Feng	Core technical personnel
Chen Xiong Bin	Directors, senior managers, core technical personn
Guo Shi Bin	senior management
He Zhong Dao	senior management
Cai Chang Wei	Directors, senior managers, core technical personn
Chen Kun	Core technical personnel
Zhong Wei Yuan	Core technical personnel
Tang Gao Zhe	Directors, senior managers

Suzhou Harmontronics Automation Technology Co (SHSE:688022) Headlines

No Headlines