Zhuzhou Hongda Electronics (SZSE:300726) ROCE % : 9.34% (As of Sep. 2024)

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What is Zhuzhou Hongda Electronics 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. Zhuzhou Hongda Electronics's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.34%.

Zhuzhou Hongda Electronics ROCE % Historical Data

The historical data trend for Zhuzhou Hongda Electronics'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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Zhuzhou Hongda Electronics ROCE % Chart

Zhuzhou Hongda Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.32

29.26

31.38

23.63

11.73

Zhuzhou Hongda Electronics 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															11.49	8.08	7.53	13.73	9.34

Zhuzhou Hongda Electronics ROCE % Calculation

Zhuzhou Hongda Electronics'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 )
	=	600.583	/	( ( (5756.226 - 777.568)	+	(5765.39 - 500.309) )	/ 2 )
	=	600.583	/	( (4978.658	+	5265.081)	/ 2 )
	=	600.583	/	5121.8695
	=	11.73 %

Zhuzhou Hongda Electronics'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 )
	=	502.028	/	( ( (5791.359 - 460.134)	+	(5870.409 - 451.82) )	/ 2 )
	=	502.028	/	( ( 5331.225	+	5418.589 )	/ 2 )
	=	502.028	/	5374.907
	=	9.34 %

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

Zhuzhou Hongda Electronics (SZSE:300726) 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.

Zhuzhou Hongda Electronics ROCE % Related Terms

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Zhuzhou Hongda Electronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhuzhou Hongda Electronics Corp Ltd (SZSE:300726) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1297 Xinhua East Road, Hetang District, Hunan Province, Zhuzhou, CHN, 412000

Website

http://www.hongdacap.com.cn

Zhuzhou Hongda Electronics Corp Ltd is engaged in the research and development, production, sales and service of electronic components and circuit modules. The company's main products include electronic components, power modules, IF converters, and other products. Its products are widely used in aircraft, vehicles, ships, radars, electronics and other fields, as well as smart phones, industrial control equipment, medical equipment, charging piles, notebook computers, instrumentation, automotive electronics, and other fields.

Executives

Zhong Shao Qing

Executives

Zhuzhou Hongda Electronics Headlines

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