Shenzhen Hymson Laser Intelligent Equipments Co (SHSE:688559) ROCE % : 2.36% (As of Sep. 2024)

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What is Shenzhen Hymson Laser Intelligent Equipments 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. Shenzhen Hymson Laser Intelligent Equipments Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.36%.

Shenzhen Hymson Laser Intelligent Equipments Co ROCE % Historical Data

The historical data trend for Shenzhen Hymson Laser Intelligent Equipments 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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Shenzhen Hymson Laser Intelligent Equipments Co ROCE % Chart

Shenzhen Hymson Laser Intelligent Equipments Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.65

6.43

6.46

20.01

11.55

Shenzhen Hymson Laser Intelligent Equipments 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															20.51	-0.33	5.53	16.13	2.36

Shenzhen Hymson Laser Intelligent Equipments Co ROCE % Calculation

Shenzhen Hymson Laser Intelligent Equipments 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 )
	=	303.517	/	( ( (8869.491 - 6504.123)	+	(10884.657 - 7993.27) )	/ 2 )
	=	303.517	/	( (2365.368	+	2891.387)	/ 2 )
	=	303.517	/	2628.3775
	=	11.55 %

Shenzhen Hymson Laser Intelligent Equipments 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 )
	=	88.592	/	( ( (10956.628 - 7709.458)	+	(11768.493 - 7495.61) )	/ 2 )
	=	88.592	/	( ( 3247.17	+	4272.883 )	/ 2 )
	=	88.592	/	3760.0265
	=	2.36 %

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

Shenzhen Hymson Laser Intelligent Equipments Co (SHSE:688559) 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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Shenzhen Hymson Laser Intelligent Equipments Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Hymson Laser Intelligent Equipments Co Ltd (SHSE:688559) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

101, 26 Huanguan South Road, Guanlan Street, Junzibu Community, Longhua District, Guangdong, Shenzhen, CHN, 518110

Website

http://www.hymson.com

Shenzhen Hymson Laser Intelligent Equipments Co Ltd is engaged in design, production and sales of laser and automation equipment in consumer electronics, power batteries, sheet metal processing and other industries. The company's core businesses include lithium battery automation, wind-cooled UV laser equipment, large scale automated production line, large scale laser cutting equipment, sapphire cutting equipment, PCB labeling systems and more.

Executives

Zhou Yu Chao	senior management
Zhang Song Ling	Directors, senior managers
Peng Xin Han	Core technical personnel
Ceng Zhang Jin	senior management
Wen Yan Xiu	Core technical personnel
Zhao Sheng Yu	Director
Liang Chen	senior management
Gao Jing	Directors, senior managers
Nie Shui Bin	Director
Liu Ming Qing	Supervisors
Lin Guo Dong	Supervisors
Li Ying	senior management

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