Shenzhen H&T Intelligent Control Co (SZSE:002402) ROCE % : 7.44% (As of Mar. 2024)

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What is Shenzhen H&T Intelligent Control 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 H&T Intelligent Control Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.44%.

Shenzhen H&T Intelligent Control Co ROCE % Historical Data

The historical data trend for Shenzhen H&T Intelligent Control 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 H&T Intelligent Control Co ROCE % Chart

Shenzhen H&T Intelligent Control Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.00

15.74

18.17

12.58

7.48

Shenzhen H&T Intelligent Control 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															8.10	11.82	10.59	-0.39	7.44

Shenzhen H&T Intelligent Control Co ROCE % Calculation

Shenzhen H&T Intelligent Control 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 )
	=	400.56	/	( ( (8494.956 - 3249.508)	+	(9964.685 - 4494.763) )	/ 2 )
	=	400.56	/	( (5245.448	+	5469.922)	/ 2 )
	=	400.56	/	5357.685
	=	7.48 %

Shenzhen H&T Intelligent Control 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 )
	=	410.512	/	( ( (9964.685 - 4494.763)	+	(10307.122 - 4742.365) )	/ 2 )
	=	410.512	/	( ( 5469.922	+	5564.757 )	/ 2 )
	=	410.512	/	5517.3395
	=	7.44 %

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

Shenzhen H&T Intelligent Control Co (SZSE:002402) 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 H&T Intelligent Control Co (SZSE:002402) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen H&T Intelligent Control Co Ltd (SZSE:002402) » Definitions » ROCE %

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Address

Shenzhen Science and Technology 10 South Road, Tech Park, Aerospace Technology Inst Building No.6, Shenzhen, CHN, 518057

Website

http://www.szhittech.com

Shenzhen H&T Intelligent Control Co Ltd is a China-based company. It is principally engaged in the research and development, production and distribution of intelligent controllers. It offers healthcare products, such as health pots, drinking cups, foot spa tubs, and desktop air purifiers; bedroom products comprising anti-snore pillows, LED bulbs, aroma diffusers, air humidifiers, and sleep recorders; and beauty products consisting of handheld facial sprayers, ultrasonic facial massagers and scrubber cleaners, skin rejuvenation.

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