Xiangyang Changyuandonggu Industry Co (SHSE:603950) ROCE % : 7.55% (As of Sep. 2024)

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What is Xiangyang Changyuandonggu Industry 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. Xiangyang Changyuandonggu Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.55%.

Xiangyang Changyuandonggu Industry Co ROCE % Historical Data

The historical data trend for Xiangyang Changyuandonggu Industry 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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Xiangyang Changyuandonggu Industry Co ROCE % Chart

Xiangyang Changyuandonggu Industry Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.48

16.11

10.06

3.68

8.13

Xiangyang Changyuandonggu Industry 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	3.84	6.44	6.66	7.55

Xiangyang Changyuandonggu Industry Co ROCE % Calculation

Xiangyang Changyuandonggu Industry 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 )
	=	249.322	/	( ( (3839.854 - 1073.238)	+	(4291.039 - 922.967) )	/ 2 )
	=	249.322	/	( (2766.616	+	3368.072)	/ 2 )
	=	249.322	/	3067.344
	=	8.13 %

Xiangyang Changyuandonggu Industry 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 )
	=	273.244	/	( ( (4812.163 - 1212.264)	+	(4956.946 - 1315.826) )	/ 2 )
	=	273.244	/	( ( 3599.899	+	3641.12 )	/ 2 )
	=	273.244	/	3620.5095
	=	7.55 %

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

Xiangyang Changyuandonggu Industry Co (SHSE:603950) 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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Xiangyang Changyuandonggu Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xiangyang Changyuandonggu Industry Co Ltd (SHSE:603950) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Diamond Avenue, Hongshantou Industrial Park, Xiangzhou District, Hubei Province, Xiangyang, CHN, 441104

Website

http://www.cydgsy.com

Xiangyang Changyuandonggu Industry Co Ltd is engaged in the development, production and sales of diesel engine parts. The main products include diesel engine cylinders, cylinder heads, flywheel housings, connecting rods, main bearing caps, exhaust pipes and gear chambers. The company's customers are large engine manufacturers and large vehicle manufacturers.

Executives

Li Zuo Yuan	Director
Liu Wang Cheng	senior management
Feng Sheng Zhong	Directors, senior managers
Huang Cheng	Directors, senior managers
Li Shuang Qing	Supervisors
Wang Hong Yun	senior management
Li Cong Rong	Directors, senior managers
Li Xian Feng	Director

Xiangyang Changyuandonggu Industry Co Headlines

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