Ningbo Dechang Electrical Machinery Made Co (SHSE:605555) ROCE % : 13.46% (As of Sep. 2024)

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What is Ningbo Dechang Electrical Machinery Made 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 Dechang Electrical Machinery Made Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.46%.

Ningbo Dechang Electrical Machinery Made Co ROCE % Historical Data

The historical data trend for Ningbo Dechang Electrical Machinery Made 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 Dechang Electrical Machinery Made Co ROCE % Chart

Ningbo Dechang Electrical Machinery Made Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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53.12

82.19

23.22

13.29

13.68

Ningbo Dechang Electrical Machinery Made Co Quarterly Data
	Dec18	Dec19	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															15.53	9.49	12.79	17.16	13.46

Ningbo Dechang Electrical Machinery Made Co ROCE % Calculation

Ningbo Dechang Electrical Machinery Made 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 )
	=	373.854	/	( ( (3781.606 - 1159.214)	+	(4272.76 - 1430.246) )	/ 2 )
	=	373.854	/	( (2622.392	+	2842.514)	/ 2 )
	=	373.854	/	2732.453
	=	13.68 %

Ningbo Dechang Electrical Machinery Made 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 )
	=	415.976	/	( ( (4900.29 - 1702.958)	+	(4884.82 - 1899.524) )	/ 2 )
	=	415.976	/	( ( 3197.332	+	2985.296 )	/ 2 )
	=	415.976	/	3091.314
	=	13.46 %

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

Ningbo Dechang Electrical Machinery Made Co (SHSE:605555) 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 Dechang Electrical Machinery Made Co ROCE % Related Terms

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Ningbo Dechang Electrical Machinery Made Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Dechang Electrical Machinery Made Co Ltd (SHSE:605555) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Yongxing East Road, Fengshan Street, Dongjiao Industrial Park, Zhejiang Province, Yuyao, CHN, 315400

Website

http://www.dechang-motor.com

Ningbo Dechang Electrical Machinery Made Co Ltd is committed to the development and production of motors and household vacuum cleaners.

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