Dalian Haosen Equipment Manufacturing Co (SHSE:688529) ROCE % : 2.68% (As of Mar. 2024)

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What is Dalian Haosen Equipment Manufacturing 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. Dalian Haosen Equipment Manufacturing Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.68%.

Dalian Haosen Equipment Manufacturing Co ROCE % Historical Data

The historical data trend for Dalian Haosen Equipment Manufacturing 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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Dalian Haosen Equipment Manufacturing Co ROCE % Chart

Dalian Haosen Equipment Manufacturing Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.07

16.29

8.60

10.36

7.00

Dalian Haosen Equipment Manufacturing 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															11.06	16.87	6.93	-0.71	2.68

Dalian Haosen Equipment Manufacturing Co ROCE % Calculation

Dalian Haosen Equipment Manufacturing 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 )
	=	142.855	/	( ( (4152.997 - 2825.417)	+	(5595.448 - 2843.817) )	/ 2 )
	=	142.855	/	( (1327.58	+	2751.631)	/ 2 )
	=	142.855	/	2039.6055
	=	7.00 %

Dalian Haosen Equipment Manufacturing 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 )
	=	75.912	/	( ( (5595.448 - 2843.817)	+	(5698.309 - 2785.568) )	/ 2 )
	=	75.912	/	( ( 2751.631	+	2912.741 )	/ 2 )
	=	75.912	/	2832.186
	=	2.68 %

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

Dalian Haosen Equipment Manufacturing Co (SHSE:688529) 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.

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Dalian Haosen Equipment Manufacturing Co (SHSE:688529) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dalian Haosen Equipment Manufacturing Co Ltd (SHSE:688529) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Yingchengzi Industrial Park, Ganjingzi District, Liaoning Province, Dalian, CHN, 116036

Website

http://www.haosen.com.cn

Dalian Haosen Equipment Manufacturing Co Ltd is a company specializing in intelligent production line and intelligent equipment integration, which includes planning, R&D, design, assembly, debugging & integration, sales, service and turn-key engineering of intelligent production lines. The company's products include Power Lithium Battery Intelligent Production Line; Hydrogen Fuel Battery Intelligent Production Line; EV Drive Motor Intelligent Production Line; E-drive Production Line; BIW Welding Intelligent Production Line; Engine Intelligent Assembly Line; Transmission Intelligent Assembly Line; Retarder Production Line; Laser Technology & Equipment; and Manufacturing Execution System (MES) & Software.

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