Xinyi Electric Storage Holdings (HKSE:08328) ROCE % : 13.33% (As of Dec. 2023)

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What is Xinyi Electric Storage 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. Xinyi Electric Storage Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.33%.

Xinyi Electric Storage Holdings ROCE % Historical Data

The historical data trend for Xinyi Electric Storage 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.

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Xinyi Electric Storage Holdings ROCE % Chart

Xinyi Electric Storage Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.23

5.71

12.88

7.38

9.12

Xinyi Electric Storage Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.04	3.66	5.65	15.27	13.33

Xinyi Electric Storage Holdings ROCE % Calculation

Xinyi Electric Storage 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 )
	=	124.672	/	( ( (2303.996 - 996.21)	+	(2333.343 - 907.376) )	/ 2 )
	=	124.672	/	( (1307.786	+	1425.967)	/ 2 )
	=	124.672	/	1366.8765
	=	9.12 %

Xinyi Electric Storage 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: 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 )
	=	190.064	/	( ( (0 - 0)	+	(2333.343 - 907.376) )	/ 1 )
	=	190.064	/	( ( 0	+	1425.967 )	/ 1 )
	=	190.064	/	1425.967
	=	13.33 %

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

Xinyi Electric Storage Holdings (HKSE:08328) 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.

Xinyi Electric Storage Holdings ROCE % Related Terms

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Xinyi Electric Storage Holdings (HKSE:08328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xinyi Electric Storage Holdings Ltd (HKSE:08328) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

135 Hoi Bun Road, Unit 2116-2117, 21st Floor, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.xinyies.com

Xinyi Electric Storage Holdings Ltd is an investment holding company. The company's operating segment includes Electric storage business; EPC Services; Automobile glass repair and replacement services and others. It generates maximum revenue from the EPC Services segment. The EPC Services segment is engaged in the provision of EPC Services for photovoltaic power stations in the PRC and Canada. Geographically, the company generates revenue from Canada, Hong Kong, Others and The PRC, being the majority revenue generator.

Executives

Sze Tan Hung	2202 Interest of your spouse
Tung Ching Sai	2201 Interest of corporation controlled by you
Lee Yin Yee	2201 Interest of corporation controlled by you
Tung Ching Bor	2201 Interest of corporation controlled by you
Lee Sing Din	2201 Interest of corporation controlled by you
Li Ching Leung	2201 Interest of corporation controlled by you
Li Ching Wai	2201 Interest of corporation controlled by you
Ng Ngan Ho	2201 Interest of corporation controlled by you
Sze Nang Sze	2201 Interest of corporation controlled by you
Tung Hai Chi	2202 Interest of your spouse

Xinyi Electric Storage Holdings (HKSE:08328) Headlines

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