Qingdao Hanhe Cable Co (SZSE:002498) ROCE % : 11.66% (As of Sep. 2024)

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What is Qingdao Hanhe Cable 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. Qingdao Hanhe Cable Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.66%.

Qingdao Hanhe Cable Co ROCE % Historical Data

The historical data trend for Qingdao Hanhe Cable 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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Qingdao Hanhe Cable Co ROCE % Chart

Qingdao Hanhe Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.06

12.02

13.66

12.33

11.33

Qingdao Hanhe Cable 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															19.55	0.34	11.66	9.90	11.66

Qingdao Hanhe Cable Co ROCE % Calculation

Qingdao Hanhe Cable 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 )
	=	872.843	/	( ( (9855.448 - 2389.696)	+	(10415.859 - 2467.483) )	/ 2 )
	=	872.843	/	( (7465.752	+	7948.376)	/ 2 )
	=	872.843	/	7707.064
	=	11.33 %

Qingdao Hanhe Cable 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 )
	=	962.696	/	( ( (11598.145 - 3373.629)	+	(12438.492 - 4147.081) )	/ 2 )
	=	962.696	/	( ( 8224.516	+	8291.411 )	/ 2 )
	=	962.696	/	8257.9635
	=	11.66 %

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

Qingdao Hanhe Cable Co (SZSE:002498) 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.

Qingdao Hanhe Cable Co ROCE % Related Terms

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Qingdao Hanhe Cable Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Hanhe Cable Co Ltd (SZSE:002498) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.6 Lishan(E) Industrial Park, Qingdao, Shandong, CHN, 266102

Website

http://www.hanhe-cable.com

Qingdao Hanhe Cable Co Ltd is engaged in the research, development, and manufacture of wires and cables in China. The company offers power cables, cable accessories, submarine cables, optical power composite cables, electrical equipment wires and cables, overhead conductors, communication cables, radio-frequency cables, bus bar and prefabricated branch cables, nuclear plant cables, fire-resistant cables, and DC series cables.

Executives

Zhang Lun Ye	Supervisors
Chen Pei Yun	Director
Zhu Hong	Director
Qu Shu	Executives
Ren De Peng	Executives
Zhang Chuang Ye	Executives
Zhang Xue Xin	Director

Qingdao Hanhe Cable Co Headlines

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