Hangzhou Toka Ink Co (SHSE:688571) ROCE % : 12.87% (As of Sep. 2024)

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What is Hangzhou Toka Ink 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. Hangzhou Toka Ink Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.87%.

Hangzhou Toka Ink Co ROCE % Historical Data

The historical data trend for Hangzhou Toka Ink 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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Hangzhou Toka Ink Co ROCE % Chart

Hangzhou Toka Ink Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.03

11.38

7.67

4.97

9.67

Hangzhou Toka Ink 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															14.30	12.56	7.80	10.26	12.87

Hangzhou Toka Ink Co ROCE % Calculation

Hangzhou Toka Ink 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 )
	=	140.925	/	( ( (1766.652 - 364.162)	+	(1943.79 - 432.516) )	/ 2 )
	=	140.925	/	( (1402.49	+	1511.274)	/ 2 )
	=	140.925	/	1456.882
	=	9.67 %

Hangzhou Toka Ink 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 )
	=	194.044	/	( ( (1843.139 - 365.703)	+	(1959.676 - 421.755) )	/ 2 )
	=	194.044	/	( ( 1477.436	+	1537.921 )	/ 2 )
	=	194.044	/	1507.6785
	=	12.87 %

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

Hangzhou Toka Ink Co (SHSE:688571) 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.

Hangzhou Toka Ink Co ROCE % Related Terms

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Hangzhou Toka Ink Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hangzhou Toka Ink Co Ltd (SHSE:688571) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 (South), No. 5 Street, Baiyang Street, Economic and Technological Development Zone, Zhejiang Province, Hangzhou, CHN, 310018

Website

http://www.hhink.com

Hangzhou Toka Ink Co Ltd is involved in the production and sales of energy-saving and environmentally friendly ink products. It offers various ink product such as Web offset printing ink, Gravure ink, water-based ink, special ink and others.

Executives

Cao Wen Xu	Directors, senior managers
Zhang Lei	senior management
Gong Zhang Shui	Senior management, core technical personnel
He Liang	Core technical personnel
He Tie Fei	Core technical personnel
Sun Guan Zhang	Core technical personnel
Qiu Ke Jia	Directors, senior managers
Wang Bin	senior management
Liu Xiao Peng	Core technical personnel
Shen Jian Bin	Senior management, core technical personnel
Lin Ri Sheng	Core technical personnel
Xia Jian Yong	Core technical personnel
Ma Zhi Qiang	Core technical personnel

Hangzhou Toka Ink Co Headlines

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