Harden Technologies (Harden Technologies) ROCE % : 24.25% (As of Jun. 2023)

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What is Harden Technologies 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. Harden Technologies's annualized ROCE % for the quarter that ended in Jun. 2023 was 24.25%.

Harden Technologies ROCE % Historical Data

The historical data trend for Harden Technologies'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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Harden Technologies ROCE % Chart

Harden Technologies Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

24.84

17.05

10.44

Harden Technologies Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			9.83	24.65	11.53	8.73	24.25

Harden Technologies ROCE % Calculation

Harden Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	1.15	/	( ( (22.844 - 12.444)	+	(24.502 - 12.864) )	/ 2 )
	=	1.15	/	( (10.4	+	11.638)	/ 2 )
	=	1.15	/	11.019
	=	10.44 %

Harden Technologies's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	2.91	/	( ( (24.502 - 12.864)	+	(24.756 - 12.395) )	/ 2 )
	=	2.91	/	( ( 11.638	+	12.361 )	/ 2 )
	=	2.91	/	11.9995
	=	24.25 %

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

Harden Technologies (BATS:HAHA) 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.

Harden Technologies ROCE % Related Terms

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Harden Technologies (Harden Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harden Technologies Inc (BATS:HAHA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Jingye Road, Building 8, Torch Development Zone, Zhongshan, CHN, 528400

Website

https://www.siruide.com

Harden Technologies Inc is a waste management equipment and recycling equipment manufacturer in China, specializing in the manufacture of customized industrial shredders and material sorting machines and production lines.

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