Hongli Zhihui Group Co (SZSE:300219) ROCE % : 2.88% (As of Sep. 2024)

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What is Hongli Zhihui Group 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. Hongli Zhihui Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.88%.

Hongli Zhihui Group Co ROCE % Historical Data

The historical data trend for Hongli Zhihui Group 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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Hongli Zhihui Group Co ROCE % Chart

Hongli Zhihui Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-33.83

5.80

12.29

8.20

8.62

Hongli Zhihui Group 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															10.93	3.34	4.85	8.90	2.88

Hongli Zhihui Group Co ROCE % Calculation

Hongli Zhihui Group 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 )
	=	276.342	/	( ( (4872.395 - 1743.881)	+	(5355.658 - 2076.185) )	/ 2 )
	=	276.342	/	( (3128.514	+	3279.473)	/ 2 )
	=	276.342	/	3203.9935
	=	8.62 %

Hongli Zhihui Group 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 )
	=	88.028	/	( ( (5472.982 - 2340.254)	+	(5671.566 - 2685.942) )	/ 2 )
	=	88.028	/	( ( 3132.728	+	2985.624 )	/ 2 )
	=	88.028	/	3059.176
	=	2.88 %

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

Hongli Zhihui Group Co (SZSE:300219) 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.

Hongli Zhihui Group Co ROCE % Related Terms

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Hongli Zhihui Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hongli Zhihui Group Co Ltd (SZSE:300219) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

West Dongfeng Highway, Auto City Huadu, Guangzhou City, CHN, 510800

Website

http://www.honglitronic.com/cn/index.html

Hongli Zhihui Group Co Ltd is engaged in the production and development of SMD LEDs, COB LEDs, High Power LEDs, Automotive LEDs, UV LEDs, LAMP LEDs, and Infrared LEDs. Its products are widely used in applied in general lighting, TV backlight, 3C, automotive lighting, display and other fields.

Executives

Li Jun Dong	Directors, executives
Li Guo Ping	Director
Liu Xin Guo	Director
Jia He Chao	Directors, executives
Dong Jin Ling	Director
Deng Shou Tie	Directors, executives
Yong Xin	Supervisors
Sun Chang Yuan	Executives
Chen Shu Fen	Supervisors
Yang Yong Fa	Executives
Wang Yu Hong	Director
Lei Li Ning	Directors, executives
Shi Chao	Supervisors
Liu Yu Sheng	Executives

Hongli Zhihui Group Co Headlines

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