Beijing SinoHytec Co (SHSE:688339) ROCE % : -18.66% (As of Sep. 2024)

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What is Beijing SinoHytec 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. Beijing SinoHytec Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -18.66%.

Beijing SinoHytec Co ROCE % Historical Data

The historical data trend for Beijing SinoHytec 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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Beijing SinoHytec Co ROCE % Chart

Beijing SinoHytec Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.07

-1.75

-8.38

-7.61

-9.24

Beijing SinoHytec 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															-17.09	-3.27	-11.61	-7.63	-18.66

Beijing SinoHytec Co ROCE % Calculation

Beijing SinoHytec 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 )
	=	-303.882	/	( ( (3783.956 - 828.979)	+	(4945.721 - 1322.112) )	/ 2 )
	=	-303.882	/	( (2954.977	+	3623.609)	/ 2 )
	=	-303.882	/	3289.293
	=	-9.24 %

Beijing SinoHytec 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 )
	=	-634.836	/	( ( (4976.733 - 1512.166)	+	(4975.44 - 1636.746) )	/ 2 )
	=	-634.836	/	( ( 3464.567	+	3338.694 )	/ 2 )
	=	-634.836	/	3401.6305
	=	-18.66 %

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

Beijing SinoHytec Co (SHSE:688339) 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.

Beijing SinoHytec Co ROCE % Related Terms

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Beijing SinoHytec Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Beijing SinoHytec Co Ltd (SHSE:688339) » Definitions » ROCE %

Traded in Other Exchanges

02402:Hong Kong

Address

Zhongguancun, No. 66, Xixiaokou Road, Room C701, 7th Floor, Block C, Building B-6, Dongsheng Technology Park, Haidian District, Beijing, CHN, 100192

Website

https://www.sinohytec.com

Beijing SinoHytec Co Ltd is engaged in the electrical machinery and equipment manufacturing industry and its main products and services are fuel cell engine systems and related technology development services Its products are Hydrogen Fuel Cell EngineCombined Heat and PowerElectrolyzer.

Executives

Yu Min	Director
Kang Zhi	Director
Dai Dong Zhe	Director
Song Hai Ying	Director
Zhang Guo Qiang	Director
Zhang He	Supervisors
Fang Chuan	Core technical personnel
Zhou Peng Fei	Supervisors

Beijing SinoHytec Co Headlines

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