Ningbo Techmation Co (SHSE:603015) ROCE % : 4.51% (As of Mar. 2024)

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What is Ningbo Techmation 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. Ningbo Techmation Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.51%.

Ningbo Techmation Co ROCE % Historical Data

The historical data trend for Ningbo Techmation 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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Ningbo Techmation Co ROCE % Chart

Ningbo Techmation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.75

5.57

7.36

4.38

4.73

Ningbo Techmation Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.43	4.82	2.82	8.98	4.51

Ningbo Techmation Co ROCE % Calculation

Ningbo Techmation 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 )
	=	80.501	/	( ( (2103.845 - 410.176)	+	(2054.885 - 345.069) )	/ 2 )
	=	80.501	/	( (1693.669	+	1709.816)	/ 2 )
	=	80.501	/	1701.7425
	=	4.73 %

Ningbo Techmation Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	76.688	/	( ( (2054.885 - 345.069)	+	(2073.318 - 379.762) )	/ 2 )
	=	76.688	/	( ( 1709.816	+	1693.556 )	/ 2 )
	=	76.688	/	1701.686
	=	4.51 %

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

Ningbo Techmation Co (SHSE:603015) 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.

Ningbo Techmation Co ROCE % Related Terms

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Ningbo Techmation Co (SHSE:603015) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Techmation Co Ltd (SHSE:603015) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.88 Dagang Fifth Road, Beilun, Ningbo, CHN

Website

http://www.techmation.com.cn

Ningbo Techmation Co Ltd is a supplier of automation system integration in the plastics processing industry, providing high-quality automation system solutions for medium and high-end plastic machinery manufacturers. Its products include iNet, plastic machinery control system, the energy-saving servo system and other automated products and system solution.

Executives

Zheng Qin	senior management
Yu Tian Long	Director
Yin Kun	Director
Ye Hai Ping	senior management
Zhou Xiao Long	Director
Yu Yang	Director

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