Dongfang Electric (SHSE:600875) ROCE %

: 6.06% (As of Dec. 2023)

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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. Dongfang Electric's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.06%.

Dongfang Electric ROCE % Historical Data

The historical data trend for Dongfang Electric'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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Dongfang Electric Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

4.12

5.14

6.22

7.32

8.33

Dongfang Electric Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																3.69	10.09	9.27	7.77	6.06

Dongfang Electric ROCE % Calculation

Dongfang Electric'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 )
	=	4070.603	/	( ( (115344.35 - 67428.656)	+	(121108.373 - 71249.094) )	/ 2 )
	=	4070.603	/	( (47915.694	+	49859.279)	/ 2 )
	=	4070.603	/	48887.4865
	=	8.33 %

Dongfang Electric's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	3027.66	/	( ( (127406.215 - 77387.904)	+	(121108.373 - 71249.094) )	/ 2 )
	=	3027.66	/	( ( 50018.311	+	49859.279 )	/ 2 )
	=	3027.66	/	49938.795
	=	6.06 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Dongfang Electric (SHSE:600875) 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.

Dongfang Electric ROCE % Related Terms

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Dongfang Electric (SHSE:600875) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dongfang Electric Corp Ltd (SHSE:600875) » Definitions » ROCE %

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Traded in Other Exchanges

DNGFF:USA 01072:Hong Kong DEU:Germany

Address

18 Xixin Road, High-Tech District (Western District), Sichuan Province, Chengdu, CHN, 611731

Website

http://www.dec-ltd.cn

Dongfang Electric Corp Ltd is a Chinese company engaged in the manufacture and distribution of energy generation equipment. The company specialized in power equipment manufacturing and worldwide power projects contracting for thermal, hydro, nuclear, wind, gas turbine, and combined cycle power plants. major products and services delivered or provided by each of the five reporting segments are Clean and efficient energy equipment, Renewable energy equipment, Engineering and Trade, Modern manufacturing services, and Emerging growth industry. The company distributes its products within the domestic market and overseas markets. The majority of the firm's revenue gets generated through Clean and efficient energy equipment.

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