Shanghai Huace Navigation Technology (SZSE:300627) ROCE % : 12.89% (As of Mar. 2024)

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What is Shanghai Huace Navigation Technology 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. Shanghai Huace Navigation Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.89%.

Shanghai Huace Navigation Technology ROCE % Historical Data

The historical data trend for Shanghai Huace Navigation Technology'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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Shanghai Huace Navigation Technology ROCE % Chart

Shanghai Huace Navigation Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.36

19.42

16.47

13.83

15.41

Shanghai Huace Navigation Technology 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															11.47	13.82	13.56	22.96	12.89

Shanghai Huace Navigation Technology ROCE % Calculation

Shanghai Huace Navigation Technology'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 )
	=	465.885	/	( ( (4017.808 - 1213.395)	+	(4412.05 - 1171.354) )	/ 2 )
	=	465.885	/	( (2804.413	+	3240.696)	/ 2 )
	=	465.885	/	3022.5545
	=	15.41 %

Shanghai Huace Navigation Technology'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 )
	=	426.272	/	( ( (4412.05 - 1171.354)	+	(4294.804 - 920.417) )	/ 2 )
	=	426.272	/	( ( 3240.696	+	3374.387 )	/ 2 )
	=	426.272	/	3307.5415
	=	12.89 %

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

Shanghai Huace Navigation Technology (SZSE:300627) 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.

Shanghai Huace Navigation Technology ROCE % Related Terms

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Shanghai Huace Navigation Technology (SZSE:300627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Huace Navigation Technology Ltd (SZSE:300627) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 599, Gaojing Road, 3rd Floor, Building D, Qingpu District, Shanghai, CHN, 201702

Website

http://www.chcnav.com

Shanghai Huace Navigation Technology Ltd manufactures satellite navigation and positioning systems and equipment, geographic information and disaster monitoring system and equipment. It provides positioning solutions for surveying, construction, GIS and marine applications in various countries. The company offers products for GIS data collection, GNSS infrastructure, unmanned aircraft systems, marine construction, optical surveying, GNSS survey and engineering, and precision agriculture.

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