Haimo Technologies Group (SZSE:300084) ROCE % : -2.99% (As of Sep. 2024)

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What is Haimo Technologies Group 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. Haimo Technologies Group's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.99%.

Haimo Technologies Group ROCE % Historical Data

The historical data trend for Haimo Technologies Group'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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Haimo Technologies Group ROCE % Chart

Haimo Technologies Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.85

-29.92

-15.02

3.50

5.87

Haimo Technologies Group 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															16.92	14.87	-4.65	-1.78	-2.99

Haimo Technologies Group ROCE % Calculation

Haimo Technologies Group'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 )
	=	71.403	/	( ( (2066.737 - 869.588)	+	(2059.287 - 821.908) )	/ 2 )
	=	71.403	/	( (1197.149	+	1237.379)	/ 2 )
	=	71.403	/	1217.264
	=	5.87 %

Haimo Technologies Group'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 )
	=	-36.9	/	( ( (1890.762 - 675.176)	+	(1956.934 - 701.72) )	/ 2 )
	=	-36.9	/	( ( 1215.586	+	1255.214 )	/ 2 )
	=	-36.9	/	1235.4
	=	-2.99 %

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

Haimo Technologies Group (SZSE:300084) 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.

Haimo Technologies Group ROCE % Related Terms

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Haimo Technologies Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Haimo Technologies Group Corp (SZSE:300084) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 593, Zhang Sutan, Chengguan District, Gansu Province, Lanzhou, CHN, 730010

Website

http://www.haimotech.com

Haimo Technologies Group Corp is engaged in energy production, equipment supply, environmental protection, and data management and production optimization services. The company also offers multi-phase metering services to oil field service companies. The products and services of the company include fracturing equipment and services, environmental protection equipment and services, and integrated production optimization services.

Executives

Su Zhan Cai	Directors, executives
Ma Jun	Executives
Dou Jian Wen	Executives, directors
Wu Rui Rui	Securities Affairs Representative
Li Jian Guo	Directors, executives
Zhou Jian Feng	Director
Zhang Li Qiang	Directors, Directors, and Executives
Chen Ji Ge	Directors, executives
Lu Yi Xin	Executives
Wang Zhen Gang	Supervisors
Long Li Juan	Supervisors
Guo Shen	Director
He Gong An	Executives
Pan Zhao Bai	Executives

Haimo Technologies Group Headlines

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