Ningbo Fujia Industrial Co (SHSE:603219) ROCE % : 14.20% (As of Mar. 2024)

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What is Ningbo Fujia Industrial 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. Ningbo Fujia Industrial Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.20%.

Ningbo Fujia Industrial Co ROCE % Historical Data

The historical data trend for Ningbo Fujia Industrial 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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Ningbo Fujia Industrial Co ROCE % Chart

Ningbo Fujia Industrial Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.75

29.38

26.12

28.24

19.43

Ningbo Fujia Industrial Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														8.59	25.16	26.55	19.70	14.20

Ningbo Fujia Industrial Co ROCE % Calculation

Ningbo Fujia Industrial 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 )
	=	309.663	/	( ( (2310.96 - 783.84)	+	(2692.6 - 1031.894) )	/ 2 )
	=	309.663	/	( (1527.12	+	1660.706)	/ 2 )
	=	309.663	/	1593.913
	=	19.43 %

Ningbo Fujia Industrial 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 )
	=	237.336	/	( ( (2692.6 - 1031.894)	+	(2603.232 - 921.793) )	/ 2 )
	=	237.336	/	( ( 1660.706	+	1681.439 )	/ 2 )
	=	237.336	/	1671.0725
	=	14.20 %

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

Ningbo Fujia Industrial Co (SHSE:603219) 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.

Ningbo Fujia Industrial Co ROCE % Related Terms

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Ningbo Fujia Industrial Co (SHSE:603219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ningbo Fujia Industrial Co Ltd (SHSE:603219) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 303, Chang'an Road, Yangming Stree, Zhejiang Province, Yuyao, CHN, 315400

Website

http://www.furja.com

Ningbo Fujia Industrial Co Ltd is engaged in the research and development, design, production and sales of intelligent cleaning small household appliances such as vacuum cleaners, sweeping robots, and important components such as brushless motors.

Executives

Sun Ya Fang	Supervisors
Chen Ang Liang	senior management
Huang Jian Long	Supervisors
Yu Shi Guo	Director
Ying Ying	senior management
Shen Xue Jun	Supervisors
Luo Jun Bin	Directors, senior managers
Tu Zi Qun	Directors, senior managers

Ningbo Fujia Industrial Co (SHSE:603219) Headlines

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