Atlantic China Welding Consumables (SHSE:600558) ROCE % : 13.64% (As of Dec. 2024)

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What is Atlantic China Welding Consumables 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. Atlantic China Welding Consumables's annualized ROCE % for the quarter that ended in Dec. 2024 was 13.64%.

Atlantic China Welding Consumables ROCE % Historical Data

The historical data trend for Atlantic China Welding Consumables'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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Atlantic China Welding Consumables ROCE % Chart

Atlantic China Welding Consumables Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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7.24

5.67

3.91

5.86

8.07

Atlantic China Welding Consumables Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															6.58	6.86	7.16	4.68	13.64

Atlantic China Welding Consumables ROCE % Calculation

Atlantic China Welding Consumables'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 )
	=	207.823	/	( ( (3184.573 - 669.513)	+	(3169.012 - 533.557) )	/ 2 )
	=	207.823	/	( (2515.06	+	2635.455)	/ 2 )
	=	207.823	/	2575.2575
	=	8.07 %

Atlantic China Welding Consumables's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	353.784	/	( ( (3190.834 - 637.078)	+	(3169.012 - 533.557) )	/ 2 )
	=	353.784	/	( ( 2553.756	+	2635.455 )	/ 2 )
	=	353.784	/	2594.6055
	=	13.64 %

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

Atlantic China Welding Consumables (SHSE:600558) 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.

Atlantic China Welding Consumables ROCE % Related Terms

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Atlantic China Welding Consumables Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Atlantic China Welding Consumables Inc (SHSE:600558) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Danyang Street, Ziliujing District, Sichuan Province, Zigong, CHN

Website

http://www.weldatlantic.com

Atlantic China Welding Consumables Inc is a welding consumable manufactory in China. The company's product consists of welding rods (carbon steel welding rods, low alloy steel welding rods, stainless steel welding rods, cladding welding rods, cast iron welding rods, nickel and nickel alloy welding rods, copper and copper alloy welding rods), welding wires (solid welding wires for gas shielded welding of MAG, MIG and TIG, flux-cored welding wires, non-ferrous metal welding wires, and submerged arc welding wires), and fluxes (various smelting and sintering fluxes for submerged arc welding and electro slag welding) with more than 700 varieties in three series.

Executives

Yang Fang	Supervisors
Lan Kun	Director

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