Hangzhou Huning Elevator Parts Co (SZSE:300669) ROCE % : 5.59% (As of Sep. 2024)

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What is Hangzhou Huning Elevator Parts 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 Huning Elevator Parts Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.59%.

Hangzhou Huning Elevator Parts Co ROCE % Historical Data

The historical data trend for Hangzhou Huning Elevator Parts 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 Huning Elevator Parts Co ROCE % Chart

Hangzhou Huning Elevator Parts Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.15

11.79

8.24

6.90

6.47

Hangzhou Huning Elevator Parts 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															8.68	5.62	3.52	4.66	5.59

Hangzhou Huning Elevator Parts Co ROCE % Calculation

Hangzhou Huning Elevator Parts 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 )
	=	57.06	/	( ( (974.961 - 106.961)	+	(1035.256 - 139.569) )	/ 2 )
	=	57.06	/	( (868	+	895.687)	/ 2 )
	=	57.06	/	881.8435
	=	6.47 %

Hangzhou Huning Elevator Parts 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 )
	=	49.24	/	( ( (996.279 - 119.029)	+	(1003.331 - 120.146) )	/ 2 )
	=	49.24	/	( ( 877.25	+	883.185 )	/ 2 )
	=	49.24	/	880.2175
	=	5.59 %

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

Hangzhou Huning Elevator Parts Co (SZSE:300669) 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.

Hangzhou Huning Elevator Parts Co ROCE % Related Terms

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Hangzhou Huning Elevator Parts Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Huning Elevator Parts Co Ltd (SZSE:300669) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huanyuan South Road, Zhongtai Street, No. 11, Industrial Park, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311121

Website

http://www.hzhuning.com

Hangzhou Huning Elevator Parts Co Ltd manufacture and sells elevator parts and related products in China. Its main products are hydraulic buffer, progressive safety gear, instantaneous safety gear, rope brake, roller guide shoe and so on.

Executives

Zou Yu Ya	Directors, executives
Zou Jia Chun	Directors, executives
He Quan Gan	Supervisors
Wu Wei Zhong	Secretary Dong

Hangzhou Huning Elevator Parts Co Headlines

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