Guangdong Hoshion Aluminium Co (SZSE:002824) ROCE % : 4.13% (As of Mar. 2024)

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What is Guangdong Hoshion Aluminium 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. Guangdong Hoshion Aluminium Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.13%.

Guangdong Hoshion Aluminium Co ROCE % Historical Data

The historical data trend for Guangdong Hoshion Aluminium 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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Guangdong Hoshion Aluminium Co ROCE % Chart

Guangdong Hoshion Aluminium Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.21

10.25

19.75

15.11

7.86

Guangdong Hoshion Aluminium 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															6.46	6.54	11.70	7.25	4.13

Guangdong Hoshion Aluminium Co ROCE % Calculation

Guangdong Hoshion Aluminium 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 )
	=	164.319	/	( ( (3041.152 - 1035.056)	+	(3631.114 - 1453.887) )	/ 2 )
	=	164.319	/	( (2006.096	+	2177.227)	/ 2 )
	=	164.319	/	2091.6615
	=	7.86 %

Guangdong Hoshion Aluminium 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 )
	=	92.864	/	( ( (3631.114 - 1453.887)	+	(3836.758 - 1514.98) )	/ 2 )
	=	92.864	/	( ( 2177.227	+	2321.778 )	/ 2 )
	=	92.864	/	2249.5025
	=	4.13 %

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

Guangdong Hoshion Aluminium Co (SZSE:002824) 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.

Guangdong Hoshion Aluminium Co ROCE % Related Terms

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Guangdong Hoshion Aluminium Co (SZSE:002824) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Guangdong Hoshion Aluminium Co Ltd (SZSE:002824) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 5, Meiyuan Road, Qianyu Industrial Zone, Sanxiang Town, Guangdong Province, Zhongshan, CHN, 528463

Website

http://www.hoshion.com/en

Guangdong Hoshion Aluminium Co Ltd is an industrial aluminum manufacturer. The firm research, produce, and develop aluminum casting, anodizing, tooling, extrusion, and other products. It offers consumer electronics, such as OPC and driven rollers for copier printers; power bank housing products; aluminum for TV frames; electronic products extrusion materials; arm of computer hard disc; seamless pipes for lens; and photographic equipment. It also provides automobile anti-collision beams; high precision large sectional rectangle pipes; colied pipesinner thread pipes; and forging parts. In addition, the firm offers seamless pipes for baseball bars; kitchen and bathroom components; aluminum used lighting and snow shoes; electric heating tubes; and conditioner frames.

Executives

Zhang Hong	Independent director
Jin Jiong	Directors, executives
Li Jian Xiang	Director
Chen Hua Ping	Executives
Li Jiang	Secretary, Director
Huang Jia Hui	Director
Zhou Feng Hui	Supervisors

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