Guangzhou Hexin Instrument Co (SHSE:688622) ROCE % : -16.54% (As of Dec. 2024)

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What is Guangzhou Hexin Instrument 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. Guangzhou Hexin Instrument Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -16.54%.

Guangzhou Hexin Instrument Co ROCE % Historical Data

The historical data trend for Guangzhou Hexin Instrument 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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Guangzhou Hexin Instrument Co ROCE % Chart

Guangzhou Hexin Instrument Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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32.36

17.22

-12.66

-18.63

-8.14

Guangzhou Hexin Instrument Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-31.43	-11.50	-4.63	0.77	-16.54

Guangzhou Hexin Instrument Co ROCE % Calculation

Guangzhou Hexin Instrument Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-47.958	/	( ( (1081.138 - 495.968)	+	(877.114 - 284.568) )	/ 2 )
	=	-47.958	/	( (585.17	+	592.546)	/ 2 )
	=	-47.958	/	588.858
	=	-8.14 %

Guangzhou Hexin Instrument Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-99.396	/	( ( (970.072 - 360.643)	+	(877.114 - 284.568) )	/ 2 )
	=	-99.396	/	( ( 609.429	+	592.546 )	/ 2 )
	=	-99.396	/	600.9875
	=	-16.54 %

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

Guangzhou Hexin Instrument Co (SHSE:688622) 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.

Guangzhou Hexin Instrument Co ROCE % Related Terms

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Guangzhou Hexin Instrument Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Hexin Instrument Co Ltd (SHSE:688622) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 11 Kaiyuan Avenue, Room 102, Building A3, Room 301, Room 401, Huangpu District, Guangdong Province, Guangzhou, CHN, 510530

Website

http://www.tofms.net

Guangzhou Hexin Instrument Co Ltd is engaged in providing high-end mass spectrometry products as well as relevant testing service. The company provides various high quality mass spectrometry products and service solutions in the fields of environmental monitoring, biological sciences, medicine, food safety, and industrial production, among others.

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