Suzhou West Deane New Power Electric Co (SHSE:603312) ROCE % : 14.97% (As of Sep. 2024)

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What is Suzhou West Deane New Power Electric 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. Suzhou West Deane New Power Electric Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.97%.

Suzhou West Deane New Power Electric Co ROCE % Historical Data

The historical data trend for Suzhou West Deane New Power Electric 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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Suzhou West Deane New Power Electric Co ROCE % Chart

Suzhou West Deane New Power Electric Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

37.36

27.51

43.64

45.97

39.79

Suzhou West Deane New Power Electric Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial									47.08	39.14	18.96	10.67	14.97

Suzhou West Deane New Power Electric Co ROCE % Calculation

Suzhou West Deane New Power Electric 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 )
	=	237.76	/	( ( (1480.765 - 1013.196)	+	(1451.958 - 724.315) )	/ 2 )
	=	237.76	/	( (467.569	+	727.643)	/ 2 )
	=	237.76	/	597.606
	=	39.79 %

Suzhou West Deane New Power Electric 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 )
	=	251.9	/	( ( (2367.009 - 658.685)	+	(2517.705 - 861.6) )	/ 2 )
	=	251.9	/	( ( 1708.324	+	1656.105 )	/ 2 )
	=	251.9	/	1682.2145
	=	14.97 %

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

Suzhou West Deane New Power Electric Co (SHSE:603312) 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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Suzhou West Deane New Power Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou West Deane New Power Electric Co Ltd (SHSE:603312) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jinfeng Road, No. 359, Huqiu District, Jiangsu Province, Suzhou, CHN, 215000

Website

http://www.wdint.cn

Suzhou West Deane New Power Electric Co Ltd is engaged in research & development, design, production, and sales of electrical connection products such as aminated busbars, as well as system technical solutions. A laminated busbar is a multi-layer composite structure connecting bus. Its products include Powder coated laminated busbar, Edge-closed laminated busbar, EV-IBB, and Integrated Busbar.

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