Xinjiang Hejin Holding Co (SZSE:000633) ROCE % : 4.04% (As of Mar. 2024)

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What is Xinjiang Hejin Holding 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. Xinjiang Hejin Holding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.04%.

Xinjiang Hejin Holding Co ROCE % Historical Data

The historical data trend for Xinjiang Hejin Holding 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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Xinjiang Hejin Holding Co ROCE % Chart

Xinjiang Hejin Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.89

1.29

2.03

3.82

4.35

Xinjiang Hejin Holding 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															3.05	4.82	6.29	3.22	4.04

Xinjiang Hejin Holding Co ROCE % Calculation

Xinjiang Hejin Holding 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 )
	=	9.119	/	( ( (256.738 - 48.687)	+	(233.453 - 22.409) )	/ 2 )
	=	9.119	/	( (208.051	+	211.044)	/ 2 )
	=	9.119	/	209.5475
	=	4.35 %

Xinjiang Hejin Holding 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 )
	=	8.5	/	( ( (233.453 - 22.409)	+	(233.162 - 23.45) )	/ 2 )
	=	8.5	/	( ( 211.044	+	209.712 )	/ 2 )
	=	8.5	/	210.378
	=	4.04 %

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

Xinjiang Hejin Holding Co (SZSE:000633) 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.

Xinjiang Hejin Holding Co ROCE % Related Terms

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Xinjiang Hejin Holding Co (SZSE:000633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xinjiang Hejin Holding Co Ltd (SZSE:000633) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Hangzhou Avenue, Room 102, Electronic Industrial Park, Beijing Industrial Park, Xinjiang Uygur Autonomous Region, Hetian, CHN, 848099

Website

http://www.xjhjtz.net

Xinjiang Hejin Holding Co Ltd is engaged in the production and sales of nickel-based alloy materials. The company's main products are K-500, 718, R405, and other corrosion-resistant materials and welding materials, electric vacuum materials, electrical resistance materials, spark plug electrodes. Materials, temperature measuring materials, and other related products.

Executives

Wang Jia Fan	Executives
Li You Long	Supervisors
Jiang Jie	Independent director
Feng Jian	Supervisors
Zhang Yu	Director
Wang Jing Jing	Directors, executives
Qu Li	Supervisors
Li Bai Xiao	Director

Xinjiang Hejin Holding Co (SZSE:000633) Headlines

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