Welltrans OE Co (BJSE:430198) ROCE % : -4.52% (As of Sep. 2024)

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What is Welltrans OE 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. Welltrans OE Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -4.52%.

Welltrans OE Co ROCE % Historical Data

The historical data trend for Welltrans OE 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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Welltrans OE Co ROCE % Chart

Welltrans OE Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.69

17.28

8.74

-4.89

-32.56

Welltrans OE Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-3.52	-106.04	-40.15	-4.44	-4.52

Welltrans OE Co ROCE % Calculation

Welltrans OE 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 )
	=	-188.623	/	( ( (747.655 - 85.52)	+	(762.271 - 265.896) )	/ 2 )
	=	-188.623	/	( (662.135	+	496.375)	/ 2 )
	=	-188.623	/	579.255
	=	-32.56 %

Welltrans OE Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-19.388	/	( ( (600.839 - 168.181)	+	(602.912 - 177.156) )	/ 2 )
	=	-19.388	/	( ( 432.658	+	425.756 )	/ 2 )
	=	-19.388	/	429.207
	=	-4.52 %

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

Welltrans OE Co (BJSE:430198) 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.

Welltrans OE Co ROCE % Related Terms

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Welltrans OE Co Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Welltrans OE Co Ltd (BJSE:430198) » Definitions » ROCE %

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Address

No. 41, Gaoxin 2nd Road, Room 301, Unit 1, Building 7, East Lake New Technology Development Zone, Hubei Province, Wuhan City, CHN, 430074

Website

http://www.wtoe.cn

Welltrans OE Co Ltd engages in research and development, production, and sales of video surveillance transmission equipment. The firm provides video processing, artificial intelligence, network switching, edge computing, and other technologies as the core. In addition, company provides software and hardware products in the field of intelligent transportation and intelligent security and overall solutions for information systems for industry users. It focuses on the fields of the smart expressway, smart transportation, safe city, Xueliang project, electric power, water conservancy, petroleum and petrochemical, railway, subway, urban pipe gallery, industrial parks, large-scale factories, and mines.

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