Haina Intelligent Equipment International Holdings (HKSE:01645) ROCE % : -13.20% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Haina Intelligent Equipment International Holdings 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. Haina Intelligent Equipment International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -13.20%.

Haina Intelligent Equipment International Holdings ROCE % Historical Data

The historical data trend for Haina Intelligent Equipment International Holdings'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.

* Premium members only.

Haina Intelligent Equipment International Holdings ROCE % Chart

Haina Intelligent Equipment International Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

33.45

30.33

8.88

-0.87

-10.50

Haina Intelligent Equipment International Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial								4.67	-1.62	-0.16	-8.18	-13.20

Haina Intelligent Equipment International Holdings ROCE % Calculation

Haina Intelligent Equipment International Holdings'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 )
	=	-38.496	/	( ( (616.05 - 229.493)	+	(741.098 - 394.517) )	/ 2 )
	=	-38.496	/	( (386.557	+	346.581)	/ 2 )
	=	-38.496	/	366.569
	=	-10.50 %

Haina Intelligent Equipment International Holdings'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 )
	=	-46.54	/	( ( (674.84 - 316.509)	+	(741.098 - 394.517) )	/ 2 )
	=	-46.54	/	( ( 358.331	+	346.581 )	/ 2 )
	=	-46.54	/	352.456
	=	-13.20 %

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

Haina Intelligent Equipment International Holdings (HKSE:01645) 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.

Haina Intelligent Equipment International Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of Haina Intelligent Equipment International Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Haina Intelligent Equipment International Holdings (HKSE:01645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Haina Intelligent Equipment International Holdings Ltd (HKSE:01645) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wuli Technology Park, Economic Development Area, Fujian Province, Jinjiang, CHN

Website

https://www.haina-intelligent.com

Haina Intelligent Equipment International Holdings Ltd is an investment holding company. It is engaged in design and production of automated machines for manufacturing disposable hygiene products, including baby diapers, adult diapers, and lady sanitary napkins in the PRC. The company provides comprehensive services to its customers, from collaborating with customers on product designs and customizing its products based on specifications provided by customers, conducting quality control, delivering products to customers, installing products for customers, and providing after-sales services. Its geographical segments are China, South Korea, Indonesia, Uzbekistan, Vietnam, Thailand, Dubai, Bangladesh, Angola, Pakistan, Cambodia, and other countries.

Haina Intelligent Equipment International Holdings (HKSE:01645) Headlines

No Headlines