Zhejiang Headman Machinery Co (SHSE:688577) ROCE % : 3.18% (As of Sep. 2024)

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What is Zhejiang Headman Machinery 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. Zhejiang Headman Machinery Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.18%.

Zhejiang Headman Machinery Co ROCE % Historical Data

The historical data trend for Zhejiang Headman Machinery 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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Zhejiang Headman Machinery Co ROCE % Chart

Zhejiang Headman Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.82

10.74

9.89

7.43

3.37

Zhejiang Headman Machinery 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															3.72	1.43	1.06	5.45	3.18

Zhejiang Headman Machinery Co ROCE % Calculation

Zhejiang Headman Machinery 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 )
	=	32.326	/	( ( (1378.936 - 427.428)	+	(1451.928 - 484.639) )	/ 2 )
	=	32.326	/	( (951.508	+	967.289)	/ 2 )
	=	32.326	/	959.3985
	=	3.37 %

Zhejiang Headman Machinery 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 )
	=	32.884	/	( ( (1481.793 - 517.763)	+	(1629.119 - 524.323) )	/ 2 )
	=	32.884	/	( ( 964.03	+	1104.796 )	/ 2 )
	=	32.884	/	1034.413
	=	3.18 %

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

Zhejiang Headman Machinery Co (SHSE:688577) 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.

Zhejiang Headman Machinery Co ROCE % Related Terms

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Zhejiang Headman Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Headman Machinery Co Ltd (SHSE:688577) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beishantou, Damaiyu Street, Zhejiang Province, Yuhuan, CHN, 317604

Website

http://www.headman.cn

Zhejiang Headman Machinery Co Ltd is engaged in the research and development, design, production and sales of computer numerical control machines.

Executives

Gao Zhang Quan	Director
Ge Jian Wei	senior management
Zhang Jian Lin	senior management
He Li Yun	senior management
Bai Sheng Wen	Director
Lin Su Jun	senior management
Guo Xiu Hua	Director
Gao Zhao Chun	Director
Yong Shu Wei	senior management

Zhejiang Headman Machinery Co Headlines

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