Zhejiang Grandwall Electric Science & Technology Co (SHSE:603897) ROCE % : 17.55% (As of Sep. 2024)

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What is Zhejiang Grandwall Electric Science & Technology 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. Zhejiang Grandwall Electric Science & Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 17.55%.

Zhejiang Grandwall Electric Science & Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Grandwall Electric Science & Technology 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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Zhejiang Grandwall Electric Science & Technology Co ROCE % Chart

Zhejiang Grandwall Electric Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.15

10.20

16.04

5.64

10.07

Zhejiang Grandwall Electric Science & Technology 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															8.62	20.85	10.93	16.32	17.55

Zhejiang Grandwall Electric Science & Technology Co ROCE % Calculation

Zhejiang Grandwall Electric Science & Technology 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 )
	=	284.331	/	( ( (5627.879 - 2810.911)	+	(6015.166 - 3184.635) )	/ 2 )
	=	284.331	/	( (2816.968	+	2830.531)	/ 2 )
	=	284.331	/	2823.7495
	=	10.07 %

Zhejiang Grandwall Electric Science & Technology 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 )
	=	456.104	/	( ( (6428.806 - 3793.773)	+	(6553.605 - 3992.048) )	/ 2 )
	=	456.104	/	( ( 2635.033	+	2561.557 )	/ 2 )
	=	456.104	/	2598.295
	=	17.55 %

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

Zhejiang Grandwall Electric Science & Technology Co (SHSE:603897) 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.

Zhejiang Grandwall Electric Science & Technology Co ROCE % Related Terms

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Zhejiang Grandwall Electric Science & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Grandwall Electric Science & Technology Co Ltd (SHSE:603897) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1, Great Wall Road East, Lianshi Town, Nanxun District, Zhejiang Province, Huzhou, CHN, 313013

Website

http://www.grandwall.com.cn

Zhejiang Grandwall Electric Science & Technology Co Ltd is engaged in the development and production of electromagnetic wire products. Its products are used in new energy power generation, automotive drive motors, household appliances, industrial motors, automotive motors, power tools, instrumentation and lighting appliances and other major industries.

Executives

Gu Lin Xiang	Director
Gu Lin Rong	senior management
Lu Yong Ming	senior management
Xu Yong Hua	Directors, senior managers
Yu Quan Na	Supervisors
Shi Jian Long	Supervisors
Fan Xian Hua	Director
Sheng Gen Mei	Supervisors
Yu Jian Li	Directors, senior managers

Zhejiang Grandwall Electric Science & Technology Co Headlines

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