Guangdong Hongteo Technology Co (SZSE:300176) ROCE % : 7.14% (As of Sep. 2024)

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What is Guangdong Hongteo 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. Guangdong Hongteo Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.14%.

Guangdong Hongteo Technology Co ROCE % Historical Data

The historical data trend for Guangdong Hongteo 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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Guangdong Hongteo Technology Co ROCE % Chart

Guangdong Hongteo Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-31.12

6.03

-3.07

4.24

4.86

Guangdong Hongteo Technology 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															8.96	12.18	7.35	7.02	7.14

Guangdong Hongteo Technology Co ROCE % Calculation

Guangdong Hongteo 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 )
	=	45.445	/	( ( (2167.512 - 1235.076)	+	(2142.311 - 1205.154) )	/ 2 )
	=	45.445	/	( (932.436	+	937.157)	/ 2 )
	=	45.445	/	934.7965
	=	4.86 %

Guangdong Hongteo Technology 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 )
	=	68.564	/	( ( (2060.038 - 1105.221)	+	(2015.088 - 1050.362) )	/ 2 )
	=	68.564	/	( ( 954.817	+	964.726 )	/ 2 )
	=	68.564	/	959.7715
	=	7.14 %

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

Guangdong Hongteo Technology Co (SZSE:300176) 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.

Guangdong Hongteo Technology Co ROCE % Related Terms

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Guangdong Hongteo Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Guangdong Hongteo Technology Co Ltd (SZSE:300176) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

North 10th District, Dinghu District, Guangdong Province, Zhaoqing, CHN, 526070

Website

https://www.hongteo.com.cn

Guangdong Hongteo Technology Co Ltd is mainly engaged in the Aluminum alloy die-casting business, intelligent technology manufacturing business, and financial technology information service business.

Executives

Han Yong	Executives
Ye Yan Wei	Directors, executives
Zhang Lin	Director
Zhang Shi Zhong	Executives
Zhang Jian Xiong	Executives, directors
Liu Chun Sheng	Supervisors

Guangdong Hongteo Technology Co Headlines

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