Hoymiles Power Electronics (SHSE:688032) ROCE % : 4.02% (As of Mar. 2024)

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What is Hoymiles Power Electronics 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. Hoymiles Power Electronics's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.02%.

Hoymiles Power Electronics ROCE % Historical Data

The historical data trend for Hoymiles Power Electronics'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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Hoymiles Power Electronics ROCE % Chart

Hoymiles Power Electronics Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.67

33.56

7.01

9.80

9.19

Hoymiles Power Electronics Quarterly Data
	Dec17	Dec18	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															12.20	11.81	4.77	7.66	4.02

Hoymiles Power Electronics ROCE % Calculation

Hoymiles Power Electronics'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 )
	=	595.211	/	( ( (7317.733 - 841.944)	+	(7227.697 - 747.407) )	/ 2 )
	=	595.211	/	( (6475.789	+	6480.29)	/ 2 )
	=	595.211	/	6478.0395
	=	9.19 %

Hoymiles Power Electronics'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 )
	=	261.628	/	( ( (7227.697 - 747.407)	+	(7382.75 - 843.116) )	/ 2 )
	=	261.628	/	( ( 6480.29	+	6539.634 )	/ 2 )
	=	261.628	/	6509.962
	=	4.02 %

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

Hoymiles Power Electronics (SHSE:688032) 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.

Hoymiles Power Electronics ROCE % Related Terms

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Hoymiles Power Electronics (SHSE:688032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hoymiles Power Electronics Inc (SHSE:688032) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 18 Kangjing Road, 3rd Floor, Building 11, Gongshu District, Zhejiang Province, Hangzhou, CHN, 310015

Website

http://www.hoymiles.com

Hoymiles Power Electronics Inc is engaged in the research and development, manufacturing and sales of photovoltaic inverters and other power conversion equipment and electrical complete sets of equipment and related products.

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