Hiconics Eco-energy Technology Co (SZSE:300048) ROCE % : 1.59% (As of Dec. 2024)

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What is Hiconics Eco-energy 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. Hiconics Eco-energy Technology Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 1.59%.

Hiconics Eco-energy Technology Co ROCE % Historical Data

The historical data trend for Hiconics Eco-energy 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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Hiconics Eco-energy Technology Co ROCE % Chart

Hiconics Eco-energy Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-26.93

3.25

2.82

-11.46

3.05

Hiconics Eco-energy Technology Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-39.59	2.91	4.01	3.60	1.59

Hiconics Eco-energy Technology Co ROCE % Calculation

Hiconics Eco-energy Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	54.533	/	( ( (3166.008 - 1390.391)	+	(4633.716 - 2831.443) )	/ 2 )
	=	54.533	/	( (1775.617	+	1802.273)	/ 2 )
	=	54.533	/	1788.945
	=	3.05 %

Hiconics Eco-energy Technology Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	28.716	/	( ( (4394.963 - 2575.312)	+	(4633.716 - 2831.443) )	/ 2 )
	=	28.716	/	( ( 1819.651	+	1802.273 )	/ 2 )
	=	28.716	/	1810.962
	=	1.59 %

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

Hiconics Eco-energy Technology Co (SZSE:300048) 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.

Hiconics Eco-energy Technology Co ROCE % Related Terms

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Hiconics Eco-energy Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hiconics Eco-energy Technology Co Ltd (SZSE:300048) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 3, Boxing 2nd Road, 1st Floor, Building 2, Beijing Economic and Technological Development Zone, Beijing, CHN, 100076

Website

http://www.hiconics.com

Hiconics Eco-energy Technology Co Ltd is a China-based high-tech enterprise specializing in industrial automation control and new energy equipment. It manufactures high-voltage inverters and transducers in China. The business scope of the company covers industrial automation, new energy vehicles, energy conservation and environmental protection. The product portfolio of the company includes new energy vehicle powertrain, motor controller, auxiliary power system, core components and electrical solutions for inverters, elevator servo systems and control systems and others. Its products have application in electric power, metallurgy, mining, cement, petroleum, municipal, elevator, machine tools, plastics, new energy vehicles, rail transportation, photovoltaic and other industries.

Executives

Shao Chi	Supervisors, securities affairs representatives
Fang Mao Cheng	Executives
Ye Jin Wu	Directors, executives
Ye Lun	Director
Liu Jin Cheng	Director
He Tian Tao	Director
Ye Bin Wu	Director
Du Xin Lin	Directors, executives
Wang Zhen Ming	Supervisors
Zhang Tao	Directors, executives
Hao Hua	Executives
Liu Rui Xia	Executives
Liu Hua	Securities Affairs Representative
Wang Dong	Executives
Chen Qiu Quan	Supervisors

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