BeijingWest Industries International (BeijingWest Industries International) ROCE % : -11.38% (As of Dec. 2023)

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What is BeijingWest Industries International 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. BeijingWest Industries International's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.38%.

BeijingWest Industries International ROCE % Historical Data

The historical data trend for BeijingWest Industries International'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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BeijingWest Industries International ROCE % Chart

BeijingWest Industries International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.08

-2.17

2.23

1.85

-5.85

BeijingWest Industries International 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															-0.35	4.26	-0.61	0.04	-11.38

BeijingWest Industries International ROCE % Calculation

BeijingWest Industries International'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 )
	=	-9.668	/	( ( (248.746 - 80.102)	+	(249.983 - 88.123) )	/ 2 )
	=	-9.668	/	( (168.644	+	161.86)	/ 2 )
	=	-9.668	/	165.252
	=	-5.85 %

BeijingWest Industries International'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 )
	=	-19.412	/	( ( (269.287 - 90.076)	+	(249.983 - 88.123) )	/ 2 )
	=	-19.412	/	( ( 179.211	+	161.86 )	/ 2 )
	=	-19.412	/	170.5355
	=	-11.38 %

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

BeijingWest Industries International (OTCPK:NFGRF) 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.

BeijingWest Industries International ROCE % Related Terms

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BeijingWest Industries International (BeijingWest Industries International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BeijingWest Industries International Ltd (OTCPK:NFGRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

02339:Hong Kong

Address

39 Gloucester Road, Rooms 1005-06, 10th Floor, Harcourt Building, Wanchai, Hong Kong, HKG

Website

https://www.bwi-intl.com.hk

BeijingWest Industries International Ltd is a China-based company engaged in the manufacturing, sale and trading of automotive parts and components. It is involved in one business segment, namely, Manufacturing and sales of auto parts. The company's products include Suspension and brake products. It also provides technical services related to its products. The company operates in the United Kingdom, Germany, United States, Mainland China, and other countries. The company generates the majority of its revenue from the sale of its industrial products.

BeijingWest Industries International (BeijingWest Industries International) Headlines

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