Shenzhen Hello Tech Energy Co (SZSE:301327) ROCE % : 6.48% (As of Sep. 2024)

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What is Shenzhen Hello Tech Energy 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. Shenzhen Hello Tech Energy Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.48%.

Shenzhen Hello Tech Energy Co ROCE % Historical Data

The historical data trend for Shenzhen Hello Tech Energy 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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Shenzhen Hello Tech Energy Co ROCE % Chart

Shenzhen Hello Tech Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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80.69

185.37

79.15

9.18

-2.44

Shenzhen Hello Tech Energy Co Quarterly Data
	Jun18	Dec18	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-0.42	-5.18	2.57	2.78	6.48

Shenzhen Hello Tech Energy Co ROCE % Calculation

Shenzhen Hello Tech Energy 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 )
	=	-153.138	/	( ( (7545.663 - 1085.761)	+	(6990.579 - 912.096) )	/ 2 )
	=	-153.138	/	( (6459.902	+	6078.483)	/ 2 )
	=	-153.138	/	6269.1925
	=	-2.44 %

Shenzhen Hello Tech Energy 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 )
	=	398.728	/	( ( (6913.758 - 788.057)	+	(7193.639 - 1004.176) )	/ 2 )
	=	398.728	/	( ( 6125.701	+	6189.463 )	/ 2 )
	=	398.728	/	6157.582
	=	6.48 %

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

Shenzhen Hello Tech Energy Co (SZSE:301327) 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.

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Shenzhen Hello Tech Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Hello Tech Energy Co Ltd (SZSE:301327) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

East of Huafan Road, Dalang Street, 2nd and 3rd Floor, Plant 7, Longhua District, Jia'anda Science and Technology Industrial Park, Tongsheng Community, Guangdong Province, Shenzhen, CHN, 518109

Website

Shenzhen Hello Tech Energy Co Ltd is engaged in the research and development, production and sales of lithium battery energy storage products and their supporting products.

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