Weifu High-Technology Group Co (SZSE:000581) ROCE % : 11.34% (As of Mar. 2024)

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What is Weifu High-Technology Group 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. Weifu High-Technology Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.34%.

Weifu High-Technology Group Co ROCE % Historical Data

The historical data trend for Weifu High-Technology Group 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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Weifu High-Technology Group Co ROCE % Chart

Weifu High-Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.13

16.18

14.05

1.45

10.12

Weifu High-Technology Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.06	11.85	8.03	10.45	11.34

Weifu High-Technology Group Co ROCE % Calculation

Weifu High-Technology Group 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 )
	=	2029.49	/	( ( (28528.913 - 9366.359)	+	(28081.088 - 7142.91) )	/ 2 )
	=	2029.49	/	( (19162.554	+	20938.178)	/ 2 )
	=	2029.49	/	20050.366
	=	10.12 %

Weifu High-Technology Group Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2403.708	/	( ( (28081.088 - 7142.91)	+	(28201.668 - 6737.51) )	/ 2 )
	=	2403.708	/	( ( 20938.178	+	21464.158 )	/ 2 )
	=	2403.708	/	21201.168
	=	11.34 %

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

Weifu High-Technology Group Co (SZSE:000581) 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.

Weifu High-Technology Group Co ROCE % Related Terms

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Weifu High-Technology Group Co (SZSE:000581) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Weifu High-Technology Group Co Ltd (SZSE:000581) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

200581:China

Address

No. 5, Huashan Road, Xinwu District, Jiangsu Province, Wuxi, CHN, 214028

Website

http://www.weifu.com.cn

Weifu High-Technology Group Co Ltd is a manufacturer of automotive components. The company has three reportable segments namely auto fuel injection system and fuel cell components; air management system and automotive post-processing system. It generates maximum revenue from the automotive post-processing system segment.

Executives

Xu Yun Feng	Executives
Mou Yu Ming	Executives
Ou Jian Bin	Directors, executives
Shi Xing Yuan	Supervisors
Chen Xue Jun	Director
Wang Xiao Dong	Directors, executives
Gao Guo Yuan	Supervisors
Han Jiang Ming	Supervisors
Chu Yong	Securities Affairs Representative
Deng Xi Jiang	Executives
Chen Qi Long	Director
Xu Liang Fei	Director
You Jian Zhong	Supervisors

Weifu High-Technology Group Co (SZSE:000581) Headlines

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