Chongqing Machinery & Electric Co (HKSE:02722) ROCE % : 7.36% (As of Jun. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Chongqing Machinery & Electric 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. Chongqing Machinery & Electric Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 7.36%.

Chongqing Machinery & Electric Co ROCE % Historical Data

The historical data trend for Chongqing Machinery & Electric 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.

Chongqing Machinery & Electric Co ROCE % Chart

Chongqing Machinery & Electric Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

Get a 7-Day Free Trial

4.21

4.60

4.31

4.37

5.52

Chongqing Machinery & Electric Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															3.43	5.54	3.18	7.36	3.87

Chongqing Machinery & Electric Co ROCE % Calculation

Chongqing Machinery & Electric 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 )
	=	614.986	/	( ( (19125.909 - 7780.866)	+	(18808.893 - 7885.406) )	/ 2 )
	=	614.986	/	( (11345.043	+	10923.487)	/ 2 )
	=	614.986	/	11134.265
	=	5.52 %

Chongqing Machinery & Electric Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	815.952	/	( ( (19125.909 - 7780.866)	+	(18671.333 - 7841.108) )	/ 2 )
	=	815.952	/	( ( 11345.043	+	10830.225 )	/ 2 )
	=	815.952	/	11087.634
	=	7.36 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Chongqing Machinery & Electric Co (HKSE:02722) 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.

Chongqing Machinery & Electric Co ROCE % Related Terms

Thank you for viewing the detailed overview of Chongqing Machinery & Electric Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Chongqing Machinery & Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Machinery & Electric Co Ltd (HKSE:02722) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CE3:Germany

Address

No. 60 Middle Section of Huangshan Avenue, New North Zone, Chongqing, CHN, 401123

Website

https://www.chinacqme.com

Chongqing Machinery & Electric Co Ltd is principally engaged in designing, manufacturing, and sales of automobile parts and components, power equipment, general machinery, CNC machine tools, and trade & finance business. It also engages in the operation of equipment manufacturing, real estate development, financial investment, import and export trade, advisory services, and new technology. The company's operating segments include Engine division, General machinery division, General machinery division, Wire and cable division, Intelligent manufacturing division, CNC machine tools division, High voltage transformer division, Material sales division, Financial services division and Other divisions.

Executives

Chong Qing Yu Fu Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Chong Qing Ji Dian Kong Gu Ji Tuan Gong Si	2101 Beneficial owner

Chongqing Machinery & Electric Co Headlines

No Headlines