Sichuan Haite High-tech Co (SZSE:002023) ROCE % : 2.79% (As of Sep. 2024)

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What is Sichuan Haite High-tech 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. Sichuan Haite High-tech Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.79%.

Sichuan Haite High-tech Co ROCE % Historical Data

The historical data trend for Sichuan Haite High-tech 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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Sichuan Haite High-tech Co ROCE % Chart

Sichuan Haite High-tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.34

2.21

13.39

1.81

2.58

Sichuan Haite High-tech 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															1.60	3.53	3.38	3.39	2.79

Sichuan Haite High-tech Co ROCE % Calculation

Sichuan Haite High-tech 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 )
	=	154.18	/	( ( (7041.201 - 1180.938)	+	(7378.3 - 1291.856) )	/ 2 )
	=	154.18	/	( (5860.263	+	6086.444)	/ 2 )
	=	154.18	/	5973.3535
	=	2.58 %

Sichuan Haite High-tech 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 )
	=	165.732	/	( ( (7318.019 - 1262.537)	+	(7264.654 - 1446.336) )	/ 2 )
	=	165.732	/	( ( 6055.482	+	5818.318 )	/ 2 )
	=	165.732	/	5936.9
	=	2.79 %

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

Sichuan Haite High-tech Co (SZSE:002023) 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.

Sichuan Haite High-tech Co ROCE % Related Terms

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Sichuan Haite High-tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Sichuan Haite High-tech Co Ltd (SZSE:002023) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Keyuan South Road, High-tech Zone, Sichuan Province, Chengdu, CHN, 610000

Website

http://www.schtgx.com

Sichuan Haite High-tech Co Ltd provides airborne aircraft equipment maintenance services in China. It is engaged in aircraft equipment testing, aviation technology, and software development, as well as the maintenance and repair of small to medium-sized engines of regional aircraft, helicopters, and business jets.

Executives

Li Biao	Director
Xu Xiao Ju	Independent director
Wang Wan He	Director
Lin Li	Executives
Gong Ming	Executives
Ceng Chuan	Executives
Li Zai Chun	Director
Liu Sheng Hui	Supervisors
Zheng Chao	Director

Sichuan Haite High-tech Co Headlines

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