Huitongda Network Co (HKSE:09878) ROCE % : 10.24% (As of Dec. 2023)

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What is Huitongda Network 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. Huitongda Network Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.24%.

Huitongda Network Co ROCE % Historical Data

The historical data trend for Huitongda Network 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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Huitongda Network Co ROCE % Chart

Huitongda Network Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.83

10.74

Huitongda Network Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial				-	24.92	9.57	11.61	10.24

Huitongda Network Co ROCE % Calculation

Huitongda Network 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 )
	=	1155.554	/	( ( (32818.84 - 22003.354)	+	(31839.98 - 21128.283) )	/ 2 )
	=	1155.554	/	( (10815.486	+	10711.697)	/ 2 )
	=	1155.554	/	10763.5915
	=	10.74 %

Huitongda Network 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: 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 )
	=	1080.034	/	( ( (34534.268 - 24142.118)	+	(31839.98 - 21128.283) )	/ 2 )
	=	1080.034	/	( ( 10392.15	+	10711.697 )	/ 2 )
	=	1080.034	/	10551.9235
	=	10.24 %

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

Huitongda Network Co (HKSE:09878) 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.

Huitongda Network Co ROCE % Related Terms

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Huitongda Network Co (HKSE:09878) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Huitongda Network Co Ltd (HKSE:09878) » Definitions » ROCE %

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Address

50 Zhongling Street, Huitongda Building, Jiangsu Province, Nanjing, CHN

Website

https://www.htd.cn

Huitongda Network Co Ltd is a transaction and service platform serving corporate customers in China's retail industry, and is committed to providing high-quality goods and services for China's sinking market. In addition, Huitongda also provides store SaaS and merchant solutions to retail stores and channel cooperation customers in the industrial value chain by virtue of its digital capabilities, and provides a stable one-stop supply chain to member retail stores, including providing rich and diverse services on the platform.

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