Hengbo Holdings Co (SZSE:301225) ROCE % : 9.62% (As of Sep. 2024)

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What is Hengbo Holdings 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. Hengbo Holdings Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.62%.

Hengbo Holdings Co ROCE % Historical Data

The historical data trend for Hengbo Holdings 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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Hengbo Holdings Co ROCE % Chart

Hengbo Holdings Co Annual Data

Trend

Dec13

Dec14

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.05

31.27

30.61

25.69

13.55

Hengbo Holdings Co Quarterly Data
	Dec14	Mar15	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															8.67	11.77	9.76	9.00	9.62

Hengbo Holdings Co ROCE % Calculation

Hengbo Holdings 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 )
	=	131.223	/	( ( (774.12 - 272.961)	+	(1758.692 - 322.288) )	/ 2 )
	=	131.223	/	( (501.159	+	1436.404)	/ 2 )
	=	131.223	/	968.7815
	=	13.55 %

Hengbo Holdings 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 )
	=	136.168	/	( ( (1737.995 - 336.04)	+	(1748.208 - 317.925) )	/ 2 )
	=	136.168	/	( ( 1401.955	+	1430.283 )	/ 2 )
	=	136.168	/	1416.119
	=	9.62 %

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

Hengbo Holdings Co (SZSE:301225) 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.

Hengbo Holdings Co ROCE % Related Terms

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Hengbo Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hengbo Holdings Co Ltd (SZSE:301225) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1500, Haichang Road, Zhejiang Province, Taizhou, CHN, 318014

Website

https://www.chinahengbo.com

Hengbo Holdings Co Ltd It is mainly engaged in the research and development, production and sales of internal combustion engine air intake systems and accessories. The main products include automobile air intake systems and accessories, motorcycle air intake systems and accessories, and general machinery air intake systems and accessories.

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