HengFeng Information Technology Co (SZSE:300605) ROCE % : -1.92% (As of Mar. 2024)

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What is HengFeng Information 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. HengFeng Information Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.92%.

HengFeng Information Technology Co ROCE % Historical Data

The historical data trend for HengFeng Information 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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HengFeng Information Technology Co ROCE % Chart

HengFeng Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.64

14.93

10.65

9.21

4.90

HengFeng Information Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.33	0.59	9.81	1.81	-1.92

HengFeng Information Technology Co ROCE % Calculation

HengFeng Information 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 )
	=	33.454	/	( ( (1154.701 - 601.201)	+	(1384.184 - 572.15) )	/ 2 )
	=	33.454	/	( (553.5	+	812.034)	/ 2 )
	=	33.454	/	682.767
	=	4.90 %

HengFeng Information Technology Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-15.6	/	( ( (1384.184 - 572.15)	+	(1317.569 - 508.18) )	/ 2 )
	=	-15.6	/	( ( 812.034	+	809.389 )	/ 2 )
	=	-15.6	/	810.7115
	=	-1.92 %

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

HengFeng Information Technology Co (SZSE:300605) 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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HengFeng Information Technology Co (SZSE:300605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HengFeng Information Technology Co Ltd (SZSE:300605) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Science and Technology Road East, Building 5, Haixi Innovation Park, Fuzhou, CHN, 350117

Website

http://www.i-hengfeng.com

HengFeng Information Technology Co Ltd is a smart city, data center, and computer information system. It provides planning, design, software and innovation development, system integration, and management to customers in areas like livelihood, public safety, and urban services. The company operates in China region.

Executives

Chen Chao Xue	Directors, executives
Ou Lin Jie	Directors, executives
Wei Xiao Xi	Director
Lin Wen Juan	Supervisors
Luo Wen Wen	Director
Yang Zhi Gang	Directors, executives
Zheng Ming	Supervisors
Zhao Yin Bao	Executives
Lin Jian	Director
Chen Fang	Directors, Directors, and Executives

HengFeng Information Technology Co (SZSE:300605) Headlines

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