Hengbao Co (SZSE:002104) ROCE % : 6.01% (As of Mar. 2024)

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What is Hengbao 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. Hengbao Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.01%.

Hengbao Co ROCE % Historical Data

The historical data trend for Hengbao 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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Hengbao Co ROCE % Chart

Hengbao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.52

-1.51

3.03

4.39

8.58

Hengbao 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															8.73	11.38	9.05	5.17	6.01

Hengbao Co ROCE % Calculation

Hengbao 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 )
	=	177.154	/	( ( (2272.604 - 274.002)	+	(2396.881 - 267.902) )	/ 2 )
	=	177.154	/	( (1998.602	+	2128.979)	/ 2 )
	=	177.154	/	2063.7905
	=	8.58 %

Hengbao 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 )
	=	130.884	/	( ( (2396.881 - 267.902)	+	(2490.998 - 267.154) )	/ 2 )
	=	130.884	/	( ( 2128.979	+	2223.844 )	/ 2 )
	=	130.884	/	2176.4115
	=	6.01 %

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

Hengbao Co (SZSE:002104) 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.

Hengbao Co ROCE % Related Terms

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Hengbao Co (SZSE:002104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hengbao Co Ltd (SZSE:002104) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Hengtang Industrial Zone, Danyang, Jiangsu, CHN, 212355

Website

http://www.hengbao.com

Hengbao Co Ltd is engaged in a wide range of smart card products and technology solutions in China. Its business and products include banking IC card, telecommunication IC card, mobile payment product, online payment terminal, magnetic card, password card, ticket, Internet of Things, platform system, information security services and solutions.

Executives

Jiang Xiao Ping	Supervisors
Gan Ling	Supervisors
Zhao Zhang Jian	Directors, executives
Gao Shan	Director
Zhong Ying Jiu	Executives
Zhang Jian Ming	Directors, executives
Cao Zhi Xin	Directors, executives
Zhang Dong Yang	Director
Qian Yun Bao	Director
Jiang Hao Ran	Director
Wu Xiao Fang	Supervisors
Qian Ping	Supervisors
Tang Xiao Qin	Executives, within half a year of separation

Hengbao Co (SZSE:002104) Headlines

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