Qijing Machinery Co (SHSE:603677) ROCE % : 6.37% (As of Dec. 2024)

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What is Qijing 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. Qijing Machinery Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 6.37%.

Qijing Machinery Co ROCE % Historical Data

The historical data trend for Qijing 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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Qijing Machinery Co ROCE % Chart

Qijing Machinery Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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6.05

8.41

6.09

7.25

7.40

Qijing Machinery Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															2.97	10.79	7.82	4.92	6.37

Qijing Machinery Co ROCE % Calculation

Qijing Machinery Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	96.214	/	( ( (2144.598 - 951.477)	+	(2261.071 - 852.994) )	/ 2 )
	=	96.214	/	( (1193.121	+	1408.077)	/ 2 )
	=	96.214	/	1300.599
	=	7.40 %

Qijing Machinery Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	88.148	/	( ( (2390.303 - 1031.052)	+	(2261.071 - 852.994) )	/ 2 )
	=	88.148	/	( ( 1359.251	+	1408.077 )	/ 2 )
	=	88.148	/	1383.664
	=	6.37 %

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

Qijing Machinery Co (SHSE:603677) 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.

Qijing Machinery Co ROCE % Related Terms

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Qijing Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qijing Machinery Co Ltd (SHSE:603677) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 289 Qixiang North Road, Yuelong Street, Ninghai County, Zhejiang Province, Ningbo, CHN, 315609

Website

http://www.qijing-m.com

Qijing Machinery Co Ltd is a China based manufacturing company focused on the fine machining process. It is engaged in the business of designing, manufacturing and selling of washing machine gearcase, home appliance parts, auto parts, and power tools.

Executives

Zhou Chen	Directors, senior managers
Ye Ming Qi	Directors, senior managers
Tian Lin	senior management
	Director
Tang Hong	senior management
Wang Wei Dong	Director
Wang Dong Min	Director
Zhang Liang Chuan	senior management
Wang Yong Qi	Director
Wang Xing Qi	Director

Qijing Machinery Co Headlines

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