Zhejiang Chint Electrics Co (SHSE:601877) ROCE % : 16.29% (As of Sep. 2024)

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What is Zhejiang Chint Electrics 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. Zhejiang Chint Electrics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.29%.

Zhejiang Chint Electrics Co ROCE % Historical Data

The historical data trend for Zhejiang Chint Electrics 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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Zhejiang Chint Electrics Co ROCE % Chart

Zhejiang Chint Electrics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.42

20.49

10.60

12.02

10.88

Zhejiang Chint Electrics 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															14.03	7.18	11.91	8.25	16.29

Zhejiang Chint Electrics Co ROCE % Calculation

Zhejiang Chint Electrics 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 )
	=	7369.871	/	( ( (104335.463 - 41041.024)	+	(120804.656 - 48648.86) )	/ 2 )
	=	7369.871	/	( (63294.439	+	72155.796)	/ 2 )
	=	7369.871	/	67725.1175
	=	10.88 %

Zhejiang Chint Electrics 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 )
	=	12975.412	/	( ( (130735.69 - 53504.889)	+	(134944.327 - 52825.21) )	/ 2 )
	=	12975.412	/	( ( 77230.801	+	82119.117 )	/ 2 )
	=	12975.412	/	79674.959
	=	16.29 %

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

Zhejiang Chint Electrics Co (SHSE:601877) 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.

Zhejiang Chint Electrics Co ROCE % Related Terms

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Zhejiang Chint Electrics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Chint Electrics Co Ltd (SHSE:601877) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Zhengtai Road, Zhengtai Building, Liushi Town Industrial Zone, Zhejiang Province, Yueqing, CHN

Website

https://www.chint.net

Zhejiang Chint Electrics Co Ltd through its subsidiaries engages in the research, development, production, and sale of low-voltage electrical products in China. The company offers Power transformers, Gas Insulated Switchgear, capacitors, insulators, and Cut-out Fuse among other products. The solutions provided by the company include Power Transmission and Distribution Equipment, Electric Power, Solar Power Generation Systems, and Traffic Automation Systems.

Executives

Pan Jie	senior management
Zhang Zhi Huan	Directors, senior managers
Lin Yi Ming	senior management
Wu Bing Chi	Supervisors
Nan Cun Hui	Director
Zhu Xin Min	Director
Lu Chuan	Director
Jin Chuan Jun	Supervisors
Wang Guo Rong	Director
Chou Zhan Wei	Director
Guo Mei Jun	Director
Nan Cun Fei	Director
Chen Guo Liang	Director
Lin Li Ming	Director
Gao Yi Qiang	Supervisors

Zhejiang Chint Electrics Co Headlines

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