Shaanxi Huaqin Technology Industry Co (SHSE:688281) ROCE % : 10.94% (As of Mar. 2024)

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What is Shaanxi Huaqin Technology Industry 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. Shaanxi Huaqin Technology Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.94%.

Shaanxi Huaqin Technology Industry Co ROCE % Historical Data

The historical data trend for Shaanxi Huaqin Technology Industry 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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Shaanxi Huaqin Technology Industry Co ROCE % Chart

Shaanxi Huaqin Technology Industry Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-100.19

62.44

51.23

16.62

6.45

Shaanxi Huaqin Technology Industry Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												8.58	12.00	8.95	-2.59	10.94

Shaanxi Huaqin Technology Industry Co ROCE % Calculation

Shaanxi Huaqin Technology Industry 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 )
	=	272.767	/	( ( (4219.385 - 308.179)	+	(5161.667 - 613.297) )	/ 2 )
	=	272.767	/	( (3911.206	+	4548.37)	/ 2 )
	=	272.767	/	4229.788
	=	6.45 %

Shaanxi Huaqin Technology Industry 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 )
	=	516.736	/	( ( (5161.667 - 613.297)	+	(5323.661 - 421.825) )	/ 2 )
	=	516.736	/	( ( 4548.37	+	4901.836 )	/ 2 )
	=	516.736	/	4725.103
	=	10.94 %

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

Shaanxi Huaqin Technology Industry Co (SHSE:688281) 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.

Shaanxi Huaqin Technology Industry Co ROCE % Related Terms

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Shaanxi Huaqin Technology Industry Co (SHSE:688281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Shaanxi Huaqin Technology Industry Co Ltd (SHSE:688281) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188 West Avenue, High-tech Zone, Shaanxi Province, Xi'an City, CHN, 710119

Website

http://www.huaqinkj.com

Shaanxi Huaqin Technology Industry Co Ltd specializes in the research and development, production and sales of stealth materials, camouflage materials and protective materials. The products and technologies are mainly used in the stealth of national defense weapons and equipment, the camouflage of important ground military targets and the surface protection of various equipment.

Executives

Li Peng	Senior management, core technical personnel
Huang Zhi Bin	Directors, senior managers, core technical personn
Xu Jian Sheng	senior management
Zhe Sheng Yang	Director
Zhou Wan Cheng	Directors, senior managers, core technical personn
Dou Yong Qing	Senior management, core technical personnel
Wang Jun Fang	senior management
Luo Fa	Director
Wu Teng Fei	Director
Sun Ji Zhou	Director

Shaanxi Huaqin Technology Industry Co (SHSE:688281) Headlines

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