Jiangsu Huayang Intelligent Equipment Co (SZSE:301502) ROCE % : 2.24% (As of Sep. 2024)

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What is Jiangsu Huayang Intelligent Equipment 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. Jiangsu Huayang Intelligent Equipment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.24%.

Jiangsu Huayang Intelligent Equipment Co ROCE % Historical Data

The historical data trend for Jiangsu Huayang Intelligent Equipment 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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Jiangsu Huayang Intelligent Equipment Co ROCE % Chart

Jiangsu Huayang Intelligent Equipment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

24.78

26.25

22.23

18.11

16.51

Jiangsu Huayang Intelligent Equipment Co Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial								14.61	16.30	5.69	6.72	2.24

Jiangsu Huayang Intelligent Equipment Co ROCE % Calculation

Jiangsu Huayang Intelligent Equipment 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 )
	=	74.296	/	( ( (669.169 - 250.618)	+	(683.983 - 202.715) )	/ 2 )
	=	74.296	/	( (418.551	+	481.268)	/ 2 )
	=	74.296	/	449.9095
	=	16.51 %

Jiangsu Huayang Intelligent Equipment 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 )
	=	18.36	/	( ( (1034.586 - 216.821)	+	(1041.317 - 218.78) )	/ 2 )
	=	18.36	/	( ( 817.765	+	822.537 )	/ 2 )
	=	18.36	/	820.151
	=	2.24 %

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

Jiangsu Huayang Intelligent Equipment Co (SZSE:301502) 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.

Jiangsu Huayang Intelligent Equipment Co ROCE % Related Terms

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Jiangsu Huayang Intelligent Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Huayang Intelligent Equipment Co Ltd (SZSE:301502) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Cencun Village, Wujin District, Jiangsu Province, Luoyang Town, CHN, 213104

Website

https://www.cn-huayang.com

Jiangsu Huayang Intelligent Equipment Co Ltd is engaged in research & development, production and sales of micro motors and application products. The company's main business: precision motors and medical equipment. It is a supplier of small and special motors and components for household appliance companies and develops precision drug delivery devices based on electric motor driven electronic injection pens, micro injection pumps and other precision drug delivery devices in the field of medical drug delivery devices.

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