EGing Photovoltaic Technology Co (SHSE:600537) ROCE % : -6.60% (As of Sep. 2024)

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What is EGing Photovoltaic Technology 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. EGing Photovoltaic Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -6.60%.

EGing Photovoltaic Technology Co ROCE % Historical Data

The historical data trend for EGing Photovoltaic Technology 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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EGing Photovoltaic Technology Co ROCE % Chart

EGing Photovoltaic Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.42

-14.50

-16.53

4.90

4.56

EGing Photovoltaic Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															4.41	-17.88	-15.98	-21.77	-6.60

EGing Photovoltaic Technology Co ROCE % Calculation

EGing Photovoltaic Technology 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 )
	=	213.08	/	( ( (11799.475 - 7739.379)	+	(11509.562 - 6217.148) )	/ 2 )
	=	213.08	/	( (4060.096	+	5292.414)	/ 2 )
	=	213.08	/	4676.255
	=	4.56 %

EGing Photovoltaic Technology 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 )
	=	-314.096	/	( ( (8512.561 - 3775.368)	+	(8099.373 - 3324.224) )	/ 2 )
	=	-314.096	/	( ( 4737.193	+	4775.149 )	/ 2 )
	=	-314.096	/	4756.171
	=	-6.60 %

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

EGing Photovoltaic Technology Co (SHSE:600537) 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.

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EGing Photovoltaic Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » EGing Photovoltaic Technology Co Ltd (SHSE:600537) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.18 Jinwu Road, Jiangsu Province, Jintan, CHN, 315300

Website

http://www.egingpv.com

EGing Photovoltaic Technology Co Ltd is a China based solar module manufacturer. The company is engaged in researching, developing, manufacturing and selling photo-voltaic products. Its solar module offerings includes mono series, poly series, and glass solar module.

Executives

Fu Xiao Jun	senior management
Xun Jian Hua	Director
Xun Jian Ping	Director
Yao Zhi Zhong	Director
Chen Long Hai	Director
Mao Pei Cheng	Director
Zhou Le Qun	Director
Luo Zhen Jiang	Director

EGing Photovoltaic Technology Co Headlines

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