Zhejiang Forward Heating Technologies Co (BJSE:873679) ROCE % : -1.93% (As of Sep. 2024)

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

What is Zhejiang Forward Heating Technologies 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 Forward Heating Technologies Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.93%.

Zhejiang Forward Heating Technologies Co ROCE % Historical Data

The historical data trend for Zhejiang Forward Heating Technologies 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.

Zhejiang Forward Heating Technologies Co ROCE % Chart

Zhejiang Forward Heating Technologies Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

40.59

27.20

18.51

19.30

11.22

Zhejiang Forward Heating Technologies Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Sep20	Dec20	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														11.61	6.35	12.26	-0.76	-1.93

Zhejiang Forward Heating Technologies Co ROCE % Calculation

Zhejiang Forward Heating Technologies 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 )
	=	49.097	/	( ( (364.744 - 44.865)	+	(585.39 - 30.255) )	/ 2 )
	=	49.097	/	( (319.879	+	555.135)	/ 2 )
	=	49.097	/	437.507
	=	11.22 %

Zhejiang Forward Heating Technologies 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 )
	=	-9.82	/	( ( (538.872 - 22.61)	+	(519.405 - 18.327) )	/ 2 )
	=	-9.82	/	( ( 516.262	+	501.078 )	/ 2 )
	=	-9.82	/	508.67
	=	-1.93 %

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

Zhejiang Forward Heating Technologies Co (BJSE:873679) 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 Forward Heating Technologies Co ROCE % Related Terms

Thank you for viewing the detailed overview of Zhejiang Forward Heating Technologies Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Forward Heating Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Forward Heating Technologies Co Ltd (BJSE:873679) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Cangling Road, Huzhen Town, Jinyun County, Zhejiang, Lishui, CHN, 321400

Website

http://en.yy-forward.com

Zhejiang Forward Heating Technologies Co Ltd is engaged in research and development, production and sales of aluminum alloy condensing heat exchangers.

Zhejiang Forward Heating Technologies Co Headlines

No Headlines