Wuxi Huadong Heavy Machinery Co (SZSE:002685) ROCE % : -0.10% (As of Sep. 2024)

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What is Wuxi Huadong Heavy Machinery 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. Wuxi Huadong Heavy Machinery Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.10%.

Wuxi Huadong Heavy Machinery Co ROCE % Historical Data

The historical data trend for Wuxi Huadong Heavy Machinery 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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Wuxi Huadong Heavy Machinery Co ROCE % Chart

Wuxi Huadong Heavy Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.75

-23.24

-41.42

-7.06

-46.33

Wuxi Huadong Heavy Machinery 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															-7.61	-170.85	4.64	-0.32	-0.10

Wuxi Huadong Heavy Machinery Co ROCE % Calculation

Wuxi Huadong Heavy Machinery 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 )
	=	-915.207	/	( ( (3377.305 - 975.495)	+	(3109.217 - 1560.632) )	/ 2 )
	=	-915.207	/	( (2401.81	+	1548.585)	/ 2 )
	=	-915.207	/	1975.1975
	=	-46.33 %

Wuxi Huadong Heavy Machinery 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 )
	=	-1.568	/	( ( (3682.693 - 2090.213)	+	(3573.003 - 2038.612) )	/ 2 )
	=	-1.568	/	( ( 1592.48	+	1534.391 )	/ 2 )
	=	-1.568	/	1563.4355
	=	-0.10 %

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

Wuxi Huadong Heavy Machinery Co (SZSE:002685) 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.

Wuxi Huadong Heavy Machinery Co ROCE % Related Terms

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Wuxi Huadong Heavy Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Wuxi Huadong Heavy Machinery Co Ltd (SZSE:002685) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 508 Gaolang East Road, 24th Floor, Block B, Huafa Sensing Building, Binhu District, Wuxi, CHN, 214131

Website

http://www.hdhm.com

Wuxi Huadong Heavy Machinery Co Ltd is engaged in the manufacturing and distribution of container handling equipment. Its product portfolio comprises ship-to-shore container cranes, rail-mounted gantry container cranes, rubber-tyred container cranes, general gantry cranes, portal cranes and other types of cranes. These cranes are widely used in domestic seaports. Besides, The company also exported its products to South Korea, Indonesia, Thailand, Bangladesh, Kazakhstan and other South-east Asia and West Asia countries.

Executives

Zhu Zhi Guo	Directors, executives
Sun Xin Wei	Independent director
Zhou Wen Yuan	Director
Xu Da Peng	Director, representative of securities affairs
Weng Yao Gen	Director
Chen Xiang	Supervisors
Gu Wen Yuan	Directors, executives
Weng Jie	Directors, executives

Wuxi Huadong Heavy Machinery Co Headlines

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