Harbin Electric Co (HKSE:01133) ROCE % : 8.25% (As of Dec. 2023)

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What is Harbin Electric 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. Harbin Electric Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.25%.

Harbin Electric Co ROCE % Historical Data

The historical data trend for Harbin Electric 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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Harbin Electric Co ROCE % Chart

Harbin Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.92

1.75

-22.65

2.64

5.44

Harbin Electric Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-45.55	2.44	2.92	3.13	8.25

Harbin Electric Co ROCE % Calculation

Harbin Electric 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 )
	=	1077.513	/	( ( (70669.65 - 51211.237)	+	(77983.103 - 57827.401) )	/ 2 )
	=	1077.513	/	( (19458.413	+	20155.702)	/ 2 )
	=	1077.513	/	19807.0575
	=	5.44 %

Harbin Electric Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1570.244	/	( ( (75833.312 - 57905.827)	+	(77983.103 - 57827.401) )	/ 2 )
	=	1570.244	/	( ( 17927.485	+	20155.702 )	/ 2 )
	=	1570.244	/	19041.5935
	=	8.25 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Harbin Electric Co (HKSE:01133) 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.

Harbin Electric Co ROCE % Related Terms

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Harbin Electric Co (HKSE:01133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harbin Electric Co Ltd (HKSE:01133) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HP6H:Germany

Address

1399 Chuangxinyi Road, Songbei District, Heilongjiang Province, Harbin, CHN, 150028

Website

https://www.hpec.com

Harbin Electric Co Ltd is a China-based manufacturer of power plant equipment. The company operates in six segments: Thermal power equipment, Hydropower equipment, Power station engineering services, Power station auxiliary equipment and ancillary products, Nuclear products, AC & DC motors, and others. Some of its products are grade boilers, steam turbines, steam turbine generators, voltage stabilizers, gasifiers, nuclear main pump motors, passive surplus drains, petrochemical vessels & axial fans, and power station auxiliary equipment. Its geographical segments are China, which accounts for the majority of revenue; Pakistan; the United Arab Emirates; Ecuador; Iraq; and other countries.

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