Hefei Snowky Electric Co (SZSE:001387) ROCE % : 8.05% (As of Jun. 2024)

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What is Hefei Snowky Electric 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. Hefei Snowky Electric Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.05%.

Hefei Snowky Electric Co ROCE % Historical Data

The historical data trend for Hefei Snowky Electric 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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Hefei Snowky Electric Co ROCE % Chart

Hefei Snowky Electric Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

40.98

7.85

25.57

20.08

23.37

Hefei Snowky Electric Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial								15.91	27.60	27.33	7.38	8.05

Hefei Snowky Electric Co ROCE % Calculation

Hefei Snowky Electric 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 )
	=	160.764	/	( ( (1555.06 - 940.901)	+	(1699.485 - 937.962) )	/ 2 )
	=	160.764	/	( (614.159	+	761.523)	/ 2 )
	=	160.764	/	687.841
	=	23.37 %

Hefei Snowky Electric 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 )
	=	98.392	/	( ( (1908.863 - 672.841)	+	(1894.408 - 685.567) )	/ 2 )
	=	98.392	/	( ( 1236.022	+	1208.841 )	/ 2 )
	=	98.392	/	1222.4315
	=	8.05 %

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

Hefei Snowky Electric Co (SZSE:001387) 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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Hefei Snowky Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hefei Snowky Electric Co Ltd (SZSE:001387) » Definitions » ROCE %

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Address

Website

Hefei Snowky Electric Co Ltd is mainly engaged in the research and development, production, and sales of refrigerators and commercial display cabinets, providing domestic and foreign brands with large refrigerators and commercial display cabinets with a volume of more than 400L and other products. Its products include Hand over door, Four doors, Three doors and French door refrigerators.

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