AECC Aviation Power Co (SHSE:600893) ROCE % : 5.95% (As of Dec. 2023)

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What is AECC Aviation Power 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. AECC Aviation Power Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.95%.

AECC Aviation Power Co ROCE % Historical Data

The historical data trend for AECC Aviation Power 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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AECC Aviation Power Co ROCE % Chart

AECC Aviation Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.84

4.66

4.11

4.28

4.91

AECC Aviation Power Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															4.97	1.59	8.41	4.50	5.95

AECC Aviation Power Co ROCE % Calculation

AECC Aviation Power 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 )
	=	2023.73	/	( ( (89969.987 - 49233.751)	+	(99795.552 - 58166.485) )	/ 2 )
	=	2023.73	/	( (40736.236	+	41629.067)	/ 2 )
	=	2023.73	/	41182.6515
	=	4.91 %

AECC Aviation Power Co'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 )
	=	2397.664	/	( ( (106968.367 - 68013.987)	+	(99795.552 - 58166.485) )	/ 2 )
	=	2397.664	/	( ( 38954.38	+	41629.067 )	/ 2 )
	=	2397.664	/	40291.7235
	=	5.95 %

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

AECC Aviation Power Co (SHSE:600893) 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.

AECC Aviation Power Co ROCE % Related Terms

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AECC Aviation Power Co (SHSE:600893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AECC Aviation Power Co Ltd (SHSE:600893) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Fengcheng Road, Weiyang District, Shaanxi Province, Xi'an, CHN, 710021

Website

http://www.xaec.com

AECC Aviation Power Co Ltd is a China-based manufacturer of aeronautical engines. It engaged in the design, development, production, maintenance, marketing and after-sales service of military aircraft and civil aircraft power devices, second power devices, gas turbines, helicopter transmission systems, and aero-engine technology derivative products; customers involved in aviation, aerospace, ships, weapons, Energy and airspace and other fields. The company designs and produces products such as turbojets, turbofans, turboshafts, turboprops, and pistons, such as aero engines, gas turbines, and helicopter transmission systems.

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