Chaowei Power Holdings (HKSE:00951) ROCE % : 12.75% (As of Dec. 2023)

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What is Chaowei Power Holdings 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. Chaowei Power Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.75%.

Chaowei Power Holdings ROCE % Historical Data

The historical data trend for Chaowei Power Holdings'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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Chaowei Power Holdings ROCE % Chart

Chaowei Power Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.68

19.84

14.25

13.70

13.31

Chaowei Power Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															12.63	13.88	13.87	13.76	12.75

Chaowei Power Holdings ROCE % Calculation

Chaowei Power Holdings'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 )
	=	1280.978	/	( ( (22310.101 - 12836.734)	+	(23836.158 - 14058.566) )	/ 2 )
	=	1280.978	/	( (9473.367	+	9777.592)	/ 2 )
	=	1280.978	/	9625.4795
	=	13.31 %

Chaowei Power Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1242.566	/	( ( (23580.849 - 13873.727)	+	(23836.158 - 14058.566) )	/ 2 )
	=	1242.566	/	( ( 9707.122	+	9777.592 )	/ 2 )
	=	1242.566	/	9742.357
	=	12.75 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Chaowei Power Holdings (HKSE:00951) 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.

Chaowei Power Holdings ROCE % Related Terms

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Chaowei Power Holdings (HKSE:00951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chaowei Power Holdings Ltd (HKSE:00951) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EWC:Germany

Address

No. 18, Chengnan Road, Huaxi Industrial Function Area, Changxing County, Zhejiang Province, Huzhou, CHN, 313100

Website

https://www.chaowei.com.hk

Chaowei Power Holdings Ltd is a manufacturer of batteries and related products used in electric bikes, electric vehicles, and special-purpose electric vehicles. The largest business segment is the production of lead-acid batteries for electric bikes. Smaller segments produce lithium-ion batteries and related products. The company supplies its batteries directly to electric-bike manufacturers, as well as to a network of independent distributors selling batteries on the secondary market. Nearly all of Chaowei Power's revenue is generated in China.

Chaowei Power Holdings (HKSE:00951) Headlines

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