Fujian South Highway Machinery Co (SHSE:603280) ROCE % : 5.78% (As of Sep. 2024)

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What is Fujian South Highway Machinery 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. Fujian South Highway Machinery Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.78%.

Fujian South Highway Machinery Co ROCE % Historical Data

The historical data trend for Fujian South Highway Machinery 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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Fujian South Highway Machinery Co ROCE % Chart

Fujian South Highway Machinery Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.10

50.93

38.87

14.90

10.82

Fujian South Highway Machinery Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												9.41	10.69	2.64	19.51	5.78

Fujian South Highway Machinery Co ROCE % Calculation

Fujian South Highway Machinery 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 )
	=	132.363	/	( ( (2004.363 - 825.99)	+	(2016.894 - 749.336) )	/ 2 )
	=	132.363	/	( (1178.373	+	1267.558)	/ 2 )
	=	132.363	/	1222.9655
	=	10.82 %

Fujian South Highway Machinery 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 )
	=	75.528	/	( ( (1970.115 - 670.676)	+	(1998.731 - 684.485) )	/ 2 )
	=	75.528	/	( ( 1299.439	+	1314.246 )	/ 2 )
	=	75.528	/	1306.8425
	=	5.78 %

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

Fujian South Highway Machinery Co (SHSE:603280) 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.

Fujian South Highway Machinery Co ROCE % Related Terms

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Fujian South Highway Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fujian South Highway Machinery Co Ltd (SHSE:603280) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 700, Sports Street, High-tech Industrial Park, Fengze District, Fujian Province, Quanzhou, CHN, 362000

Website

https://www.nflg.com

Fujian South Highway Machinery Co Ltd is engaged in the design, research and development, production and sales of equipment for engineering mixing, primary aggregate processing, and aggregate resource recycling.

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