Zhejiang Ronnie Precision Machine Co (BJSE:873223) ROCE % : -12.11% (As of Mar. 2024)

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What is Zhejiang Ronnie Precision Machine 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. Zhejiang Ronnie Precision Machine Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -12.11%.

Zhejiang Ronnie Precision Machine Co ROCE % Historical Data

The historical data trend for Zhejiang Ronnie Precision Machine 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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Zhejiang Ronnie Precision Machine Co ROCE % Chart

Zhejiang Ronnie Precision Machine Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.87

18.82

13.91

3.38

-11.71

Zhejiang Ronnie Precision Machine Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-10.07	-8.02	-11.69	-17.15	-12.11

Zhejiang Ronnie Precision Machine Co ROCE % Calculation

Zhejiang Ronnie Precision Machine 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 )
	=	-37.954	/	( ( (456.997 - 122.462)	+	(473.862 - 160.339) )	/ 2 )
	=	-37.954	/	( (334.535	+	313.523)	/ 2 )
	=	-37.954	/	324.029
	=	-11.71 %

Zhejiang Ronnie Precision Machine Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-37.448	/	( ( (473.862 - 160.339)	+	(466.072 - 161.169) )	/ 2 )
	=	-37.448	/	( ( 313.523	+	304.903 )	/ 2 )
	=	-37.448	/	309.213
	=	-12.11 %

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

Zhejiang Ronnie Precision Machine Co (BJSE:873223) 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.

Zhejiang Ronnie Precision Machine Co ROCE % Related Terms

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Zhejiang Ronnie Precision Machine Co (BJSE:873223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Ronnie Precision Machine Co Ltd (BJSE:873223) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 336, Xinxing Section, Yanjia Road, Wanghai Street, Haiyan County, Zhejiang Province, Jiaxing City, CHN, 314317

Website

http://www.ronnie.com.cn

Zhejiang Ronnie Precision Machine Co Ltd engages in the manufacturing and sales of precision metal parts such as precision fasteners, connectors, and structural parts. Its product categories comprise Turning parts, Cold forging parts, Stamping parts, Hard copper aluminum bars, Soft copper aluminum bars, and Custom fasteners.

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