Ningbo Henghe Precision Industry Co (SZSE:300539) ROCE % : 6.94% (As of Sep. 2024)

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What is Ningbo Henghe Precision Industry 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. Ningbo Henghe Precision Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.94%.

Ningbo Henghe Precision Industry Co ROCE % Historical Data

The historical data trend for Ningbo Henghe Precision Industry 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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Ningbo Henghe Precision Industry Co ROCE % Chart

Ningbo Henghe Precision Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.80

5.31

6.92

6.89

7.52

Ningbo Henghe Precision Industry 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															7.09	3.58	7.63	5.86	6.94

Ningbo Henghe Precision Industry Co ROCE % Calculation

Ningbo Henghe Precision Industry 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 )
	=	46.458	/	( ( (1135.977 - 485.1)	+	(1121.529 - 536.709) )	/ 2 )
	=	46.458	/	( (650.877	+	584.82)	/ 2 )
	=	46.458	/	617.8485
	=	7.52 %

Ningbo Henghe Precision Industry 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 )
	=	50.328	/	( ( (1105.682 - 424.17)	+	(1106.493 - 336.665) )	/ 2 )
	=	50.328	/	( ( 681.512	+	769.828 )	/ 2 )
	=	50.328	/	725.67
	=	6.94 %

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

Ningbo Henghe Precision Industry Co (SZSE:300539) 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.

Ningbo Henghe Precision Industry Co ROCE % Related Terms

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Ningbo Henghe Precision Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Henghe Precision Industry Co Ltd (SZSE:300539) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 588 Xinxing Avenue, Zonghan Street, Xinxing Industrial Cluster District, Cixi, CHN, 315301

Website

http://www.mouldcenter.com

Ningbo Henghe Precision Industry Co Ltd is a manufacturer of precision molds and precision plastic parts in China. It is engaged in the research and development, design, manufacture, and injection molding of precision plastic molds. Its main products are molds and supporting injection products and are used in home appliances, automobiles, sanitary wares, medical equipment parts.

Executives

Chen Jian Xiang	Directors, executives
Wu Rui	Executives
Hu Zhi Jun	Directors, executives
Shi Fang	Supervisors
Huang Fei Hu	Executives
Duan Shan Hu	Director
Sun Xue Min	Executives
Su Hua	Directors, executives

Ningbo Henghe Precision Industry Co Headlines

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