Hangzhou Oxygen Plant Group Co (SZSE:002430) ROCE % : 9.30% (As of Mar. 2024)

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What is Hangzhou Oxygen Plant Group 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. Hangzhou Oxygen Plant Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.30%.

Hangzhou Oxygen Plant Group Co ROCE % Historical Data

The historical data trend for Hangzhou Oxygen Plant Group 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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Hangzhou Oxygen Plant Group Co ROCE % Chart

Hangzhou Oxygen Plant Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.22

15.35

18.33

15.49

13.37

Hangzhou Oxygen Plant Group 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															12.92	12.04	13.71	14.83	9.30

Hangzhou Oxygen Plant Group Co ROCE % Calculation

Hangzhou Oxygen Plant Group 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 )
	=	1805.936	/	( ( (19238.446 - 6392.144)	+	(22620.316 - 8461.717) )	/ 2 )
	=	1805.936	/	( (12846.302	+	14158.599)	/ 2 )
	=	1805.936	/	13502.4505
	=	13.37 %

Hangzhou Oxygen Plant Group 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 )
	=	1319.452	/	( ( (22620.316 - 8461.717)	+	(23005.056 - 8782.579) )	/ 2 )
	=	1319.452	/	( ( 14158.599	+	14222.477 )	/ 2 )
	=	1319.452	/	14190.538
	=	9.30 %

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

Hangzhou Oxygen Plant Group Co (SZSE:002430) 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.

Hangzhou Oxygen Plant Group Co ROCE % Related Terms

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Hangzhou Oxygen Plant Group Co (SZSE:002430) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Oxygen Plant Group Co Ltd (SZSE:002430) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.799 Xiangfu Road, Qingshanhu Street, Lin'an District, Zhejiang Province, Hangzhou, CHN, 310014

Website

http://www.hangyang.com

Hangzhou Oxygen Plant Group Co Ltd is engaged in production and sale of air separation equipment, petrochemical equipment and various gas products. The company designs and manufactures pressure vessels, provides technical consultation, technical service of general machinery and chemical equipment, oxygen production and manufactures and sells industrial and mining accessories.

Executives

Mao Shao Rong	Directors, executives
Zhao Da Wei	Directors, executives
Li Li Feng	Supervisors
Qiu Qiu Rong	Executives
Ge Qian Jin	Executives
Tao Zi Ping	Supervisors
Xu Di	Executives

Hangzhou Oxygen Plant Group Co (SZSE:002430) Headlines

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