Hubei Shuanghuan Science And Technology Stock Co (SZSE:000707) ROCE % : 3.24% (As of Sep. 2024)

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What is Hubei Shuanghuan Science And Technology Stock 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. Hubei Shuanghuan Science And Technology Stock Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.24%.

Hubei Shuanghuan Science And Technology Stock Co ROCE % Historical Data

The historical data trend for Hubei Shuanghuan Science And Technology Stock 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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Hubei Shuanghuan Science And Technology Stock Co ROCE % Chart

Hubei Shuanghuan Science And Technology Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.14

-27.27

42.80

64.96

32.06

Hubei Shuanghuan Science And Technology Stock 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															28.65	28.71	28.15	22.31	3.24

Hubei Shuanghuan Science And Technology Stock Co ROCE % Calculation

Hubei Shuanghuan Science And Technology Stock 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 )
	=	640.788	/	( ( (2731.856 - 1021.972)	+	(3013.436 - 725.758) )	/ 2 )
	=	640.788	/	( (1709.884	+	2287.678)	/ 2 )
	=	640.788	/	1998.781
	=	32.06 %

Hubei Shuanghuan Science And Technology Stock 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 )
	=	96.232	/	( ( (3341.412 - 644.675)	+	(3818.267 - 582.375) )	/ 2 )
	=	96.232	/	( ( 2696.737	+	3235.892 )	/ 2 )
	=	96.232	/	2966.3145
	=	3.24 %

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

Hubei Shuanghuan Science And Technology Stock Co (SZSE:000707) 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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Hubei Shuanghuan Science And Technology Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hubei Shuanghuan Science And Technology Stock Co Ltd (SZSE:000707) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 26 Unity Avenue, Dongmafang, Hubei Province, Yingcheng, CHN, 432407

Website

http://www.hbshkj.cn

Hubei Shuanghuan Science And Technology Stock Co Ltd is a China based company involved in the chemical manufacturing. It is principally engaged in the manufacture of soda ash, ammonium chloride, baking soda, oxygen, liquid argon, sulfur, crude salt, and hydrochloric acid.

Executives

Chen Juan	Supervisors
Bai Yan Ting	Supervisors
Lei Fan	Executives
Nie Yi Min	Directors, executives

Hubei Shuanghuan Science And Technology Stock Co Headlines

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