Guangxi WatYuan Filtration System Co (BJSE:838837) ROCE % : 17.28% (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Guangxi WatYuan Filtration System 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. Guangxi WatYuan Filtration System Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 17.28%.

Guangxi WatYuan Filtration System Co ROCE % Historical Data

The historical data trend for Guangxi WatYuan Filtration System 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.

* Premium members only.

Guangxi WatYuan Filtration System Co ROCE % Chart

Guangxi WatYuan Filtration System Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

10.22

5.88

8.67

15.27

12.32

Guangxi WatYuan Filtration System Co Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															11.96	15.38	12.15	14.08	17.28

Guangxi WatYuan Filtration System Co ROCE % Calculation

Guangxi WatYuan Filtration System Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	45.003	/	( ( (628.213 - 284.845)	+	(620.83 - 233.902) )	/ 2 )
	=	45.003	/	( (343.368	+	386.928)	/ 2 )
	=	45.003	/	365.148
	=	12.32 %

Guangxi WatYuan Filtration System 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 )
	=	89.88	/	( ( (905.014 - 394.323)	+	(914.15 - 384.507) )	/ 2 )
	=	89.88	/	( ( 510.691	+	529.643 )	/ 2 )
	=	89.88	/	520.167
	=	17.28 %

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

Guangxi WatYuan Filtration System Co (BJSE:838837) 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.

Guangxi WatYuan Filtration System Co ROCE % Related Terms

Thank you for viewing the detailed overview of Guangxi WatYuan Filtration System Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Guangxi WatYuan Filtration System Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangxi WatYuan Filtration System Co Ltd (BJSE:838837) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

On the west side of Potang Section of Yugong Highway, Potang Industrial Concentration Area, Yuchai Industrial Park, Guangxi Zhuang Autonomous Region, Yulin, CHN, 537005

Website

http://www.watyuan.com

Guangxi WatYuan Filtration System Co Ltd is engaged in the manufacturing and sales of filters for vehicles and non-road mobile machinery and industrial filtration equipment.

Guangxi WatYuan Filtration System Co Headlines

No Headlines