HAXC Holdings (Beijing) Co (SZSE:300928) ROCE % : -4.33% (As of Mar. 2024)

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What is HAXC Holdings (Beijing) 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. HAXC Holdings (Beijing) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.33%.

HAXC Holdings (Beijing) Co ROCE % Historical Data

The historical data trend for HAXC Holdings (Beijing) 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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HAXC Holdings (Beijing) Co ROCE % Chart

HAXC Holdings (Beijing) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.64

9.82

5.23

3.70

-4.25

HAXC Holdings (Beijing) 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															0.98	-2.74	-4.14	-10.96	-4.33

HAXC Holdings (Beijing) Co ROCE % Calculation

HAXC Holdings (Beijing) 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 )
	=	-55.19	/	( ( (1359.366 - 44.752)	+	(1329.421 - 44.242) )	/ 2 )
	=	-55.19	/	( (1314.614	+	1285.179)	/ 2 )
	=	-55.19	/	1299.8965
	=	-4.25 %

HAXC Holdings (Beijing) 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 )
	=	-55.416	/	( ( (1329.421 - 44.242)	+	(1332.182 - 58.75) )	/ 2 )
	=	-55.416	/	( ( 1285.179	+	1273.432 )	/ 2 )
	=	-55.416	/	1279.3055
	=	-4.33 %

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

HAXC Holdings (Beijing) Co (SZSE:300928) 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.

HAXC Holdings (Beijing) Co ROCE % Related Terms

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HAXC Holdings (Beijing) Co (SZSE:300928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » HAXC Holdings (Beijing) Co Ltd (SZSE:300928) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 17, Jingsheng South Fourth Street, Building A, Jinqiao Science and Technology Industrial Base, Tongzhou Park, Zhongguancun Science Park, Tongzhou District, Beijing, CHN, 101102

Website

http://www.haxc.com.cn

HAXC Holdings Beijing Co Ltd is a service provider of automotive cockpit electronics. Its main business is customization and selection of core display devices, software system development, and sales of supporting devices for automotive central control and LCD instrumentation. The company's products and services specifically include the customized development and selection and sales of automotive display screens, the development of full LCD instrument software and hardware systems, and the development of integrated cockpit display systems, human-machine interaction design, and user interaction interfaces design, vehicle Ethernet system development, and other software and hardware products and solutions that are in line with the development of intelligent and electronic car cabins.

Executives

Niu Qing Qing	Directors, executives
Zhang Long	Executives
Xiao Yan	Director
Yi Shan	Directors, executives
He Pan	Directors, executives

HAXC Holdings (Beijing) Co (SZSE:300928) Headlines

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