Guangdong Hongtu Technology Holdings Co (SZSE:002101) ROCE % : 3.84% (As of Mar. 2024)

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What is Guangdong Hongtu Technology Holdings 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. Guangdong Hongtu Technology Holdings Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.84%.

Guangdong Hongtu Technology Holdings Co ROCE % Historical Data

The historical data trend for Guangdong Hongtu Technology Holdings 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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Guangdong Hongtu Technology Holdings Co ROCE % Chart

Guangdong Hongtu Technology Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.84

5.15

7.73

9.57

7.31

Guangdong Hongtu Technology Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.55	7.26	8.85	7.04	3.84

Guangdong Hongtu Technology Holdings Co ROCE % Calculation

Guangdong Hongtu Technology Holdings 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 )
	=	514.617	/	( ( (9149.019 - 3493.214)	+	(12847.171 - 4425.335) )	/ 2 )
	=	514.617	/	( (5655.805	+	8421.836)	/ 2 )
	=	514.617	/	7038.8205
	=	7.31 %

Guangdong Hongtu Technology Holdings Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	325.3	/	( ( (12847.171 - 4425.335)	+	(12388.306 - 3854.85) )	/ 2 )
	=	325.3	/	( ( 8421.836	+	8533.456 )	/ 2 )
	=	325.3	/	8477.646
	=	3.84 %

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

Guangdong Hongtu Technology Holdings Co (SZSE:002101) 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.

Guangdong Hongtu Technology Holdings Co ROCE % Related Terms

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Guangdong Hongtu Technology Holdings Co (SZSE:002101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Guangdong Hongtu Technology Holdings Co Ltd (SZSE:002101) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 168 Century Avenue, Jindu, Gaoyao, Guangdong, CHN, 526108

Website

http://www.ght-china.com

Guangdong Hongtu Technology Holdings Co Ltd is a manufacturer of precision aluminum alloy die castings in southern China. Its products include Automotive parts, Telecommunication parts, and Mechanical parts. Its aluminum alloy die casting parts are mainly applied for automobiles, motorcycles, household appliances, electronic devices, communication equipment and machinery.

Executives

Xu Fei Yue	Directors, executives
Liu Gang Nian	Executives
Mo Jin Gang	Directors, executives
Mo Jian Zhong	Executives
Liao Jian	Director
Wang Tao	Director
Huang Jie Feng	Executives
Chen De Fu	Director
Zhang Min	Director

Guangdong Hongtu Technology Holdings Co (SZSE:002101) Headlines

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