Neway CNC Equipment (Suzhou) Co (SHSE:688697) ROCE % : 23.35% (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Neway CNC Equipment (Suzhou) 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. Neway CNC Equipment (Suzhou) Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 23.35%.

Neway CNC Equipment (Suzhou) Co ROCE % Historical Data

The historical data trend for Neway CNC Equipment (Suzhou) 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.

* Premium members only.

Neway CNC Equipment (Suzhou) Co ROCE % Chart

Neway CNC Equipment (Suzhou) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

27.17

26.92

21.49

21.97

24.00

Neway CNC Equipment (Suzhou) 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															25.71	24.50	19.39	21.28	23.35

Neway CNC Equipment (Suzhou) Co ROCE % Calculation

Neway CNC Equipment (Suzhou) 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 )
	=	370.209	/	( ( (3249.628 - 1800.537)	+	(3652.773 - 2017.26) )	/ 2 )
	=	370.209	/	( (1449.091	+	1635.513)	/ 2 )
	=	370.209	/	1542.302
	=	24.00 %

Neway CNC Equipment (Suzhou) 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 )
	=	380.74	/	( ( (3777.572 - 2190.135)	+	(3992.917 - 2319.576) )	/ 2 )
	=	380.74	/	( ( 1587.437	+	1673.341 )	/ 2 )
	=	380.74	/	1630.389
	=	23.35 %

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

Neway CNC Equipment (Suzhou) Co (SHSE:688697) 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.

Neway CNC Equipment (Suzhou) Co ROCE % Related Terms

Thank you for viewing the detailed overview of Neway CNC Equipment (Suzhou) Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Neway CNC Equipment (Suzhou) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Neway CNC Equipment (Suzhou) Co Ltd (SHSE:688697) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 69, Yangjiang Road, Suzhou High-tech Zone, Jiangsu Province, Tongan, CHN, 215153

Website

http://www.newaycnc.com

Neway CNC Equipment (Suzhou) Co Ltd is engaged in the research and development, production and sales of medium and high-end CNC machine tools.

Neway CNC Equipment (Suzhou) Co Headlines

No Headlines