Jiangsu Hagong Intelligent Robot Co (SZSE:000584) ROCE % : 2.97% (As of Jun. 2024)

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What is Jiangsu Hagong Intelligent Robot 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. Jiangsu Hagong Intelligent Robot Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.97%.

Jiangsu Hagong Intelligent Robot Co ROCE % Historical Data

The historical data trend for Jiangsu Hagong Intelligent Robot 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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Jiangsu Hagong Intelligent Robot Co ROCE % Chart

Jiangsu Hagong Intelligent Robot Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.28

2.93

-21.31

-41.18

-30.88

Jiangsu Hagong Intelligent Robot Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															3.26	-7.74	-120.76	4.13	2.97

Jiangsu Hagong Intelligent Robot Co ROCE % Calculation

Jiangsu Hagong Intelligent Robot 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 )
	=	-382.318	/	( ( (4577.091 - 3055.399)	+	(4105.168 - 3150.786) )	/ 2 )
	=	-382.318	/	( (1521.692	+	954.382)	/ 2 )
	=	-382.318	/	1238.037
	=	-30.88 %

Jiangsu Hagong Intelligent Robot Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	28.244	/	( ( (3879.628 - 2923.43)	+	(4082.081 - 3134.327) )	/ 2 )
	=	28.244	/	( ( 956.198	+	947.754 )	/ 2 )
	=	28.244	/	951.976
	=	2.97 %

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

Jiangsu Hagong Intelligent Robot Co (SZSE:000584) 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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Jiangsu Hagong Intelligent Robot Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Hagong Intelligent Robot Co Ltd (SZSE:000584) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1799 Wuzhong Road, No. 808, 8th Floor, Block D, The Mixc, Minhang District, Shanghai, CHN

Website

http://www.hgzngroup.com

Jiangsu Hagong Intelligent Robot Co Ltd is a company with high-end intelligent manufacturing and industrial robots as its main business and artificial intelligence as its research direction. It includes three sections namely high-end intelligent equipment manufacturing, one-stop cloud service platform of industrial robots and artificial intelligence robots.

Executives

Wang Da Yong	Executives
Ma Pei Lin	Director
Pan Su Ming	Directors, Directors, and Executives
Hong Fu Sheng	Director

Jiangsu Hagong Intelligent Robot Co Headlines

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