Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) ROCE % : -7.77% (As of Mar. 2024)

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What is Hangzhou Huaxing Chuangye Communication 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. Hangzhou Huaxing Chuangye Communication Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.77%.

Hangzhou Huaxing Chuangye Communication Technology Co ROCE % Historical Data

The historical data trend for Hangzhou Huaxing Chuangye Communication 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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Hangzhou Huaxing Chuangye Communication Technology Co ROCE % Chart

Hangzhou Huaxing Chuangye Communication Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-23.45

-29.97

-2.14

4.87

-3.64

Hangzhou Huaxing Chuangye Communication 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															-3.16	-4.88	-2.19	-4.29	-7.77

Hangzhou Huaxing Chuangye Communication Technology Co ROCE % Calculation

Hangzhou Huaxing Chuangye Communication 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 )
	=	-24.58	/	( ( (937.473 - 263.914)	+	(1006.503 - 328.962) )	/ 2 )
	=	-24.58	/	( (673.559	+	677.541)	/ 2 )
	=	-24.58	/	675.55
	=	-3.64 %

Hangzhou Huaxing Chuangye Communication 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 )
	=	-52.196	/	( ( (1006.503 - 328.962)	+	(988.481 - 322.169) )	/ 2 )
	=	-52.196	/	( ( 677.541	+	666.312 )	/ 2 )
	=	-52.196	/	671.9265
	=	-7.77 %

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

Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) 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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Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Hangzhou Huaxing Chuangye Communication Technology Co Ltd (SZSE:300025) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 500, Jucai Road, Changhe Street, Binjiang District, Zhejiang, Hangzhou, CHN, 310052

Website

http://www.hxcy.com.cn

Hangzhou Huaxing Chuangye Communication Technology Co Ltd is engaged in providing mobile communication technology services and internet data services. The service provided by the company include mobile communication networks, engineering construction, room division engineering, network foundation generation, and network evaluation and optimization.

Executives

Xia Jian Miao	Supervisors
Zhang Min	Executives
Shou Zou	Independent director
Bao Hang	Directors, Directors, and Executives
Cheng Xiao Yan	Director
Qu Zhen Sheng	Directors, executives
Chen Jin Guang	Directors, executives
Li Hua	Executives
Du Guang Ming	Supervisors
Huang Bo	Supervisors
Zhou You	Executives
Liu Han	Supervisors

Hangzhou Huaxing Chuangye Communication Technology Co (SZSE:300025) Headlines

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