Hisense Visual Technology Co (SHSE:600060) ROCE % : 9.90% (As of Mar. 2024)

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What is Hisense Visual Technology 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. Hisense Visual Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.90%.

Hisense Visual Technology Co ROCE % Historical Data

The historical data trend for Hisense Visual Technology 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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Hisense Visual Technology Co ROCE % Chart

Hisense Visual Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.71

9.22

8.91

11.93

11.96

Hisense Visual Technology 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															13.72	8.70	13.08	9.52	9.90

Hisense Visual Technology Co ROCE % Calculation

Hisense Visual Technology 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 )
	=	2830.601	/	( ( (35759.553 - 15156.33)	+	(45106.594 - 18381.722) )	/ 2 )
	=	2830.601	/	( (20603.223	+	26724.872)	/ 2 )
	=	2830.601	/	23664.0475
	=	11.96 %

Hisense Visual Technology 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 )
	=	2649.064	/	( ( (45106.594 - 18381.722)	+	(42844.265 - 16035.805) )	/ 2 )
	=	2649.064	/	( ( 26724.872	+	26808.46 )	/ 2 )
	=	2649.064	/	26766.666
	=	9.90 %

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

Hisense Visual Technology Co (SHSE:600060) 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.

Hisense Visual Technology Co ROCE % Related Terms

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Hisense Visual Technology Co (SHSE:600060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hisense Visual Technology Co Ltd (SHSE:600060) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.218, Qian Wangang Road, Economic and Technological Development Zone, Shandong Province, Qingdao, CHN, 266555

Website

http://www.hisense.cn

Hisense Visual Technology Co Ltd is engaged in the distribution and servicing of home appliances, telecommunications, green energy-saving refrigeration technology, and information technologies. Its brand includes Kelon, Ronshen, Vidaa among others.

Executives

Li Jia	senior management
Yu Zhi Tao	Directors, senior managers
Liu Sha Sha	senior management
Cheng Kai Xun	Director
Wu Hai Yan	senior management
Lin Lan	Director
Dai Hui Zhong	Director
Zhou Hou Jian	Director
Xia Feng	senior management
Liu Jiang Yan	senior management
Tian Ye	Director
Yu Shu Min	Director
Liu Hong Xin	Director
Mi Liang Yuan	senior management
Liu Xin	senior management

Hisense Visual Technology Co (SHSE:600060) Headlines

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