Sany Heavy Equipment International Holdings Co (HKSE:00631) ROCE % : 0.00% (As of Dec. 2023)

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What is Sany Heavy Equipment International Holdings 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. Sany Heavy Equipment International Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Sany Heavy Equipment International Holdings Co ROCE % Historical Data

The historical data trend for Sany Heavy Equipment International Holdings 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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Sany Heavy Equipment International Holdings Co ROCE % Chart

Sany Heavy Equipment International Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.56

14.62

14.95

15.29

14.57

Sany Heavy Equipment International Holdings Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Sany Heavy Equipment International Holdings Co ROCE % Calculation

Sany Heavy Equipment International Holdings 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 )
	=	2645.699	/	( ( (27865.683 - 12100.473)	+	(38241.803 - 17689.254) )	/ 2 )
	=	2645.699	/	( (15765.21	+	20552.549)	/ 2 )
	=	2645.699	/	18158.8795
	=	14.57 %

Sany Heavy Equipment International Holdings 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	0	/	( ( (0 - 0)	+	(38241.803 - 17689.254) )	/ 1 )
	=	0	/	( ( 0	+	20552.549 )	/ 1 )
	=	0	/	20552.549
	=	0.00 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Sany Heavy Equipment International Holdings Co (HKSE:00631) 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.

Sany Heavy Equipment International Holdings Co ROCE % Related Terms

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Sany Heavy Equipment International Holdings Co (HKSE:00631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sany Heavy Equipment International Holdings Co Ltd (HKSE:00631) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SNYYF:USA YXS:Germany

Address

No. 25, 16 Kaifa Road, Economic and Technological Development Area, Liaoning Province, Shenyang, CHN, 110000

Website

http://www.sanyhe.com

Sany Heavy Equipment International Holdings Company Limited is a China-based investment holding company. The Company mainly conducts its businesses through two segments. The Mining Equipment segment is mainly engaged in the production and sales of coal machinery, non-coal mining, mining vehicles, robots and smart mining products and accessories, as well as the provision of related services. The Logistics Equipment segment is mainly engaged in the production and sales of container equipment, bulk material equipment, general equipment and accessories and the provision of related services. The Company conducts its businesses in the domestic market and overseas markets.

Sany Heavy Equipment International Holdings Co (HKSE:00631) Headlines

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