Noblelift Intelligent Equipment Co (SHSE:603611) ROCE % : 15.87% (As of Sep. 2024)

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What is Noblelift Intelligent Equipment 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. Noblelift Intelligent Equipment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.87%.

Noblelift Intelligent Equipment Co ROCE % Historical Data

The historical data trend for Noblelift Intelligent Equipment 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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Noblelift Intelligent Equipment Co ROCE % Chart

Noblelift Intelligent Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.31

14.07

14.38

17.07

18.64

Noblelift Intelligent Equipment 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															19.93	15.73	18.86	21.20	15.87

Noblelift Intelligent Equipment Co ROCE % Calculation

Noblelift Intelligent Equipment 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 )
	=	562.198	/	( ( (9004.245 - 5998.745)	+	(9098.597 - 6070.887) )	/ 2 )
	=	562.198	/	( (3005.5	+	3027.71)	/ 2 )
	=	562.198	/	3016.605
	=	18.64 %

Noblelift Intelligent Equipment 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 )
	=	539.736	/	( ( (9100.015 - 5834.013)	+	(9086.372 - 5550.811) )	/ 2 )
	=	539.736	/	( ( 3266.002	+	3535.561 )	/ 2 )
	=	539.736	/	3400.7815
	=	15.87 %

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

Noblelift Intelligent Equipment Co (SHSE:603611) 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.

Noblelift Intelligent Equipment Co ROCE % Related Terms

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Noblelift Intelligent Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Noblelift Intelligent Equipment Co Ltd (SHSE:603611) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.528, Jing Yi Road, Economic Development Zone, Changxing, Zhejiang, CHN, 313100

Website

http://www.noblelift.com

Noblelift Intelligent Equipment Co Ltd manufacturers that joined the industrial equipment. It is mainly engaged in the research, production, and sales of light industrial trucks and electric storage vehicles. The company's products and services include Hand pallet trucks, Industrial products, Forklift, Reach truck, Electric Stacker, After sales services, and others. Its products are used in manufacturing, logistics, construction, military systems, the textile industry, chemical industry, metallurgy industry, energy industry, and many other industries.

Executives

Liu Yun Hua	senior management
Ding Cheng	Director
Zhong Suo Ming	Director
Zhang Ke	Director
Zheng Wen Ming	Supervisors
Ding Yi	Director
Zhou Xue Jun	Director
Liu Guang Sheng	senior management
Wang Xin Hua	Director
Liu Hong Jun	senior management
Su Lin	senior management
Mao Ying	Director
Ding Yun Lu	Director
Wang Zhi Jun	Supervisors
Wang Jian Ming	Supervisors

Noblelift Intelligent Equipment Co Headlines

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