Qingdao Hiron Commercial Cold Chain Co (SHSE:603187) ROCE % : 13.71% (As of Mar. 2024)

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What is Qingdao Hiron Commercial Cold Chain 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. Qingdao Hiron Commercial Cold Chain Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.71%.

Qingdao Hiron Commercial Cold Chain Co ROCE % Historical Data

The historical data trend for Qingdao Hiron Commercial Cold Chain 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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Qingdao Hiron Commercial Cold Chain Co ROCE % Chart

Qingdao Hiron Commercial Cold Chain Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.37

17.67

12.08

11.15

12.31

Qingdao Hiron Commercial Cold Chain Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.69	21.12	7.98	4.77	13.71

Qingdao Hiron Commercial Cold Chain Co ROCE % Calculation

Qingdao Hiron Commercial Cold Chain 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 )
	=	479.386	/	( ( (5119.287 - 1410.995)	+	(5638.135 - 1557.148) )	/ 2 )
	=	479.386	/	( (3708.292	+	4080.987)	/ 2 )
	=	479.386	/	3894.6395
	=	12.31 %

Qingdao Hiron Commercial Cold Chain Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	565.296	/	( ( (5638.135 - 1557.148)	+	(5694.182 - 1526.02) )	/ 2 )
	=	565.296	/	( ( 4080.987	+	4168.162 )	/ 2 )
	=	565.296	/	4124.5745
	=	13.71 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Qingdao Hiron Commercial Cold Chain Co (SHSE:603187) 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.

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Qingdao Hiron Commercial Cold Chain Co (SHSE:603187) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Hiron Commercial Cold Chain Co Ltd (SHSE:603187) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1817, Yinzhushan Road, Huangdao District, Shandong, Qingdao, CHN, 266400

Website

http://www.chinahiron.com

Qingdao Hiron Commercial Cold Chain Co Ltd is engaged in research and development, production, sales and service of commercial cold chain equipment. The company has a wide range of product types, including horizontal curved door freezer display cabinets, horizontal flat door freezer display cabinets, vertical freezer display cabinets, vertical refrigerated display cabinets, horizontal flat door refrigerated display cabinets, island cabinets, and air curtains.

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