Haibo Heavy Engineering Science and Technology Co (SZSE:300517) ROCE % : 2.64% (As of Dec. 2024)

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What is Haibo Heavy Engineering Science and 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. Haibo Heavy Engineering Science and Technology Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 2.64%.

Haibo Heavy Engineering Science and Technology Co ROCE % Historical Data

The historical data trend for Haibo Heavy Engineering Science and 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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Haibo Heavy Engineering Science and Technology Co ROCE % Chart

Haibo Heavy Engineering Science and Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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7.09

10.28

6.14

1.23

2.78

Haibo Heavy Engineering Science and 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															0.74	5.85	1.34	1.28	2.64

Haibo Heavy Engineering Science and Technology Co ROCE % Calculation

Haibo Heavy Engineering Science and 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 )
	=	33.588	/	( ( (1641.903 - 435.347)	+	(1539.095 - 331.074) )	/ 2 )
	=	33.588	/	( (1206.556	+	1208.021)	/ 2 )
	=	33.588	/	1207.2885
	=	2.78 %

Haibo Heavy Engineering Science and 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 )
	=	31.884	/	( ( (1522.306 - 313.17)	+	(1539.095 - 331.074) )	/ 2 )
	=	31.884	/	( ( 1209.136	+	1208.021 )	/ 2 )
	=	31.884	/	1208.5785
	=	2.64 %

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

Haibo Heavy Engineering Science and Technology Co (SZSE:300517) 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.

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Haibo Heavy Engineering Science and Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Haibo Heavy Engineering Science and Technology Co Ltd (SZSE:300517) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhengdian Street, No. 6 Jinqiao Industrial Park, Jiangxia District, Hubei Province, Wuhan, CHN, 430207

Website

http://www.haiod.com

Haibo Heavy Engineering Science and Technology Co Ltd is a China-based firm. It is engaged in the production, installation, technical research, process design, and technical services of steel bridges. The company has been involved in many projects covering cable bridges, cable-stayed bridges, beam bridges, arch bridges and steel-concrete composite beams.

Executives

Xu Wei Min	Executives
Liu Qian Jun	Directors, executives
Song Xiong Wen	Directors, executives
Zhang Hai Bo	Director
Le Rong Jun	Supervisors

Haibo Heavy Engineering Science and Technology Co Headlines

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