Henan splendor Science & Technology Co (SZSE:002296) ROCE % : 17.16% (As of Mar. 2024)

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What is Henan splendor Science & Technology 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. Henan splendor Science & Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.16%.

Henan splendor Science & Technology Co ROCE % Historical Data

The historical data trend for Henan splendor Science & Technology 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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Henan splendor Science & Technology Co ROCE % Chart

Henan splendor Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.12

6.46

7.92

6.40

8.95

Henan splendor Science & Technology 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															4.94	9.99	-1.96	22.43	17.16

Henan splendor Science & Technology Co ROCE % Calculation

Henan splendor Science & Technology 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 )
	=	177.13	/	( ( (2454.448 - 583.114)	+	(2636.506 - 548.048) )	/ 2 )
	=	177.13	/	( (1871.334	+	2088.458)	/ 2 )
	=	177.13	/	1979.896
	=	8.95 %

Henan splendor Science & Technology 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 )
	=	369.584	/	( ( (2636.506 - 548.048)	+	(2702.471 - 482.711) )	/ 2 )
	=	369.584	/	( ( 2088.458	+	2219.76 )	/ 2 )
	=	369.584	/	2154.109
	=	17.16 %

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

Henan splendor Science & Technology Co (SZSE:002296) 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.

Henan splendor Science & Technology Co ROCE % Related Terms

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Henan splendor Science & Technology Co (SZSE:002296) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Henan splendor Science & Technology Co Ltd (SZSE:002296) » Definitions » ROCE %

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Address

No. 74 Science Avenue, High-tech Industrial Development Zone, Henan, Zhengzhou, CHN, 450001

Website

http://www.hhkj.cn

Henan splendor Science & Technology Co Ltd is engaged in rail transit measurement and control technology. The business of the company includes development, production, and sales and safety of high end equipment for rail transportation. The products of the company include signal monitoring measurement system, railway disaster prevention and safety monitoring system, electric heating channel, and snowmelt system equipment.

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