Huazhang Technology Holding (HKSE:01673) ROCE % : -8.88% (As of Dec. 2023)

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What is Huazhang Technology Holding 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. Huazhang Technology Holding's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.88%.

Huazhang Technology Holding ROCE % Historical Data

The historical data trend for Huazhang Technology Holding'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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Huazhang Technology Holding ROCE % Chart

Huazhang Technology Holding Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-13.34

-11.00

6.63

-56.87

-10.30

Huazhang Technology Holding 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															-23.52	-92.16	-10.13	-10.96	-8.88

Huazhang Technology Holding ROCE % Calculation

Huazhang Technology Holding's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-47.106	/	( ( (1221.203 - 721.736)	+	(1063.49 - 648.123) )	/ 2 )
	=	-47.106	/	( (499.467	+	415.367)	/ 2 )
	=	-47.106	/	457.417
	=	-10.30 %

Huazhang Technology Holding'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 )
	=	-35.826	/	( ( (1063.49 - 648.123)	+	(1044.787 - 652.926) )	/ 2 )
	=	-35.826	/	( ( 415.367	+	391.861 )	/ 2 )
	=	-35.826	/	403.614
	=	-8.88 %

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

Huazhang Technology Holding (HKSE:01673) 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.

Huazhang Technology Holding ROCE % Related Terms

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Huazhang Technology Holding (HKSE:01673) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Huazhang Technology Holding Ltd (HKSE:01673) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99 Xiangyuan Road, Room 1101, Block 2, Canal Advertising Industry Building, Gongshu District , Zhejiang Province, Hangzhou, CHN

Website

http://www.hzeg.com

Huazhang Technology Holding Ltd is principally engaged in the research, development, manufacture, and sale of paper-making products in the People's Republic of China. The company operates through four segments. Its Industrial products segment includes paper-making-related production machines. The Project contracting services segment is a key revenue driver, which consists of system integration of complete-set paper-making equipment. Its Environmental products segment provides complete treatment for wastewater, sludge, solid waste and others. The company's Supporting services segment relates to the after-sale and maintenance services, the sale of paper-making equipment parts, and other services. It generates maximum revenue from Industrial products segment.

Huazhang Technology Holding (HKSE:01673) Headlines

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