Hangzhou Chang Chuan Technology Co (SZSE:300604) ROCE % : 16.29% (As of Sep. 2024)

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What is Hangzhou Chang Chuan 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. Hangzhou Chang Chuan Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.29%.

Hangzhou Chang Chuan Technology Co ROCE % Historical Data

The historical data trend for Hangzhou Chang Chuan 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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Hangzhou Chang Chuan Technology Co ROCE % Chart

Hangzhou Chang Chuan Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.68

6.61

12.40

18.50

1.94

Hangzhou Chang Chuan 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															-0.39	4.52	1.58	21.64	16.29

Hangzhou Chang Chuan Technology Co ROCE % Calculation

Hangzhou Chang Chuan 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 )
	=	67.374	/	( ( (4691.251 - 1633.647)	+	(5901.584 - 2021.619) )	/ 2 )
	=	67.374	/	( (3057.604	+	3879.965)	/ 2 )
	=	67.374	/	3468.7845
	=	1.94 %

Hangzhou Chang Chuan 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 )
	=	689.064	/	( ( (6655.887 - 2548.888)	+	(6898.468 - 2544.961) )	/ 2 )
	=	689.064	/	( ( 4106.999	+	4353.507 )	/ 2 )
	=	689.064	/	4230.253
	=	16.29 %

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

Hangzhou Chang Chuan Technology Co (SZSE:300604) 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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Hangzhou Chang Chuan Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hangzhou Chang Chuan Technology Co Ltd (SZSE:300604) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jucai Road, Binjiang District, Hangzhou, CHN, 310051

Website

http://www.hzcctech.com

Hangzhou Chang Chuan Technology Co Ltd is a China based company engaged in the research and development, production and sales of integrated circuit equipment. Its product portfolio comprises of two product lines, namely Automatic sorting system and Test systems, to carry out research and development work. The Test systems product line comprises of CTA8280, CTT3280, CTT3600, CTT1000, and CTT3320. The Automatic sorting system comprises C1 series, C2 series, C3Q series, C7100/400, and C8 series, among others.

Executives

Zhong Feng Hao	Directors, executives
Han Xiao	Director
Zhao Yi	Directors, executives
Sun Feng	Directors, executives
Su Yi	Supervisors
Zhu Hong Jun	Supervisors
Zhao You	Secretary Dong
Chen Jiang Hua	Supervisors

Hangzhou Chang Chuan Technology Co Headlines

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