Zhejiang Heda Technology Co (SHSE:688296) ROCE % : -7.07% (As of Mar. 2024)

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What is Zhejiang Heda Technology 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. Zhejiang Heda Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.07%.

Zhejiang Heda Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Heda Technology 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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Zhejiang Heda Technology Co ROCE % Chart

Zhejiang Heda Technology Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.82

26.28

19.41

6.88

-6.40

Zhejiang Heda Technology Co 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															-8.34	0.49	-10.85	-7.01	-7.07

Zhejiang Heda Technology Co ROCE % Calculation

Zhejiang Heda Technology 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 )
	=	-47.648	/	( ( (985.963 - 220.67)	+	(999.231 - 275.003) )	/ 2 )
	=	-47.648	/	( (765.293	+	724.228)	/ 2 )
	=	-47.648	/	744.7605
	=	-6.40 %

Zhejiang Heda Technology 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 )
	=	-51.508	/	( ( (999.231 - 275.003)	+	(944.673 - 211.052) )	/ 2 )
	=	-51.508	/	( ( 724.228	+	733.621 )	/ 2 )
	=	-51.508	/	728.9245
	=	-7.07 %

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

Zhejiang Heda Technology Co (SHSE:688296) 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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Zhejiang Heda Technology Co (SHSE:688296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Zhejiang Heda Technology Co Ltd (SHSE:688296) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

36 Changsheng South Road, Building 18, Jiaxing Smart Industrial Innovation Park, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN, 314006

Website

http://www.hddznet.com

Zhejiang Heda Technology Co Ltd focuses on serving water supply, drainage, water conservancy, and agricultural drinking water.

Executives

Guo Jun	Director
Wang Ya Ping	senior management
Zhu Ji Xin	Director
Zhang Hai Hua	Director
Wang Xiao Peng	Director
Yang Hai Feng	Core technical personnel

Zhejiang Heda Technology Co (SHSE:688296) Headlines

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