Guangdong Huate Gas Co (SHSE:688268) ROCE % : 9.79% (As of Dec. 2024)

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What is Guangdong Huate Gas 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. Guangdong Huate Gas Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 9.79%.

Guangdong Huate Gas Co ROCE % Historical Data

The historical data trend for Guangdong Huate Gas 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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Guangdong Huate Gas Co ROCE % Chart

Guangdong Huate Gas Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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9.93

10.87

14.83

10.12

9.20

Guangdong Huate Gas Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															10.00	8.96	9.96	7.59	9.79

Guangdong Huate Gas Co ROCE % Calculation

Guangdong Huate Gas Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	255.351	/	( ( (3162.34 - 425.374)	+	(3301.138 - 488.171) )	/ 2 )
	=	255.351	/	( (2736.966	+	2812.967)	/ 2 )
	=	255.351	/	2774.9665
	=	9.20 %

Guangdong Huate Gas Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	276.676	/	( ( (3236.318 - 398.564)	+	(3301.138 - 488.171) )	/ 2 )
	=	276.676	/	( ( 2837.754	+	2812.967 )	/ 2 )
	=	276.676	/	2825.3605
	=	9.79 %

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

Guangdong Huate Gas Co (SHSE:688268) 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.

Guangdong Huate Gas Co ROCE % Related Terms

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Guangdong Huate Gas Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Huate Gas Co Ltd (SHSE:688268) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jinfeng Road, Heshunfeng West Village, Nanhai District, Guangdong Province, East of Wentouling, Lishui Town, Foshan, CHN

Website

http://www.huategas.com

Guangdong Huate Gas Co Ltd is engaged in research, development and production of gas and gas equipment, covering industrial gases, electronic gases, electric light gases, ultra-high pure gases, calibration gases, laser gases, medical gases, and food grade gases. Its equipments include LGC, vaporizer, LNG emergency skids, and installation of equipment for the application of ultra high pure gases and industrial gases.

Executives

Fu Zhu Hong	Director
Wan Ling Zhi	senior management
Chen Yan Shan	Core technical personnel
Zhang Sui Hua	Directors, senior managers
Shi Ping Xiang	Director
Chen Li Ping	senior management
Pei You Hong	Core technical personnel
Liao Heng Yi	Senior management, core technical personnel
Zhang Jun Hua	senior management

Guangdong Huate Gas Co Headlines

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