Ningbo Heli Technology Co (SHSE:603917) ROCE % : -1.10% (As of Jun. 2024)

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What is Ningbo Heli 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. Ningbo Heli Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -1.10%.

Ningbo Heli Technology Co ROCE % Historical Data

The historical data trend for Ningbo Heli 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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Ningbo Heli Technology Co ROCE % Chart

Ningbo Heli Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.98

8.86

6.41

5.75

4.18

Ningbo Heli Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															6.32	4.35	1.46	2.31	-1.10

Ningbo Heli Technology Co ROCE % Calculation

Ningbo Heli 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 )
	=	50.369	/	( ( (1450.494 - 277.797)	+	(1525.831 - 291.121) )	/ 2 )
	=	50.369	/	( (1172.697	+	1234.71)	/ 2 )
	=	50.369	/	1203.7035
	=	4.18 %

Ningbo Heli Technology Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-19.824	/	( ( (2129.221 - 301.855)	+	(2017.554 - 241.534) )	/ 2 )
	=	-19.824	/	( ( 1827.366	+	1776.02 )	/ 2 )
	=	-19.824	/	1801.693
	=	-1.10 %

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

Ningbo Heli Technology Co (SHSE:603917) 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.

Ningbo Heli Technology Co ROCE % Related Terms

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Ningbo Heli Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Heli Technology Co Ltd (SHSE:603917) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

358 Xigu Road, Xiangshan Industrial Park, Zhejiang Province, Ningbo, CHN, 315700

Website

http://www.helimould.com

Ningbo Heli Technology Co Ltd manufactures, designs, develops and sells casting molds in China. Its products are die-casting mold, low pressure die casting, gravity casting mold, hot and cold (shell) box mold, thermoforming stamping die.

Executives

Fan Kai Shu	Supervisors
Wu Zhen Gui	Director
Shi Liang Cai	Directors, senior managers
Cai Zhen Xian	Director
Shi Ding Wei	Director
He Chao Yang	Director

Ningbo Heli Technology Co Headlines

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