Shandong Wantong Hydraulic Co (BJSE:830839) ROCE % : 25.99% (As of Dec. 2024)

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What is Shandong Wantong Hydraulic 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. Shandong Wantong Hydraulic Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 25.99%.

Shandong Wantong Hydraulic Co ROCE % Historical Data

The historical data trend for Shandong Wantong Hydraulic 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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Shandong Wantong Hydraulic Co ROCE % Chart

Shandong Wantong Hydraulic Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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21.79

11.72

12.96

17.20

21.56

Shandong Wantong Hydraulic Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															17.26	17.33	22.28	22.86	25.99

Shandong Wantong Hydraulic Co ROCE % Calculation

Shandong Wantong Hydraulic Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	124.304	/	( ( (683.103 - 133.264)	+	(763.411 - 160.356) )	/ 2 )
	=	124.304	/	( (549.839	+	603.055)	/ 2 )
	=	124.304	/	576.447
	=	21.56 %

Shandong Wantong Hydraulic Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	152.424	/	( ( (723.437 - 153.455)	+	(763.411 - 160.356) )	/ 2 )
	=	152.424	/	( ( 569.982	+	603.055 )	/ 2 )
	=	152.424	/	586.5185
	=	25.99 %

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

Shandong Wantong Hydraulic Co (BJSE:830839) 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.

Shandong Wantong Hydraulic Co ROCE % Related Terms

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Shandong Wantong Hydraulic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Wantong Hydraulic Co Ltd (BJSE:830839) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 1 Shandong Road, Shandong Province, Wulian County, Rizhao City, CHN, 262300

Website

http://www.sdwtyy.com

Shandong Wantong Hydraulic Co Ltd engages in research and development, manufacture, and sales of hydraulic cylinders, mainly producing automobile hydraulic cylinders and mining hydraulic cylinders. Its product offerings comprise Piston cylinders, Telescopic cylinders, Tie rod cylinders, Side tipper cylinders, Excavator hydraulic cylinders, and Suspension cylinders.

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