Weihai Huadong Automation Co (SZSE:002248) ROCE % : 21.94% (As of Mar. 2024)

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What is Weihai Huadong Automation 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. Weihai Huadong Automation Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.94%.

Weihai Huadong Automation Co ROCE % Historical Data

The historical data trend for Weihai Huadong Automation 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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Weihai Huadong Automation Co ROCE % Chart

Weihai Huadong Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.25

-90.78

17.54

13.71

-6.08

Weihai Huadong Automation 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															18.25	14.69	8.54	-66.05	21.94

Weihai Huadong Automation Co ROCE % Calculation

Weihai Huadong Automation 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 )
	=	-8.086	/	( ( (560.74 - 424.548)	+	(533.176 - 403.572) )	/ 2 )
	=	-8.086	/	( (136.192	+	129.604)	/ 2 )
	=	-8.086	/	132.898
	=	-6.08 %

Weihai Huadong Automation 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 )
	=	29.12	/	( ( (533.176 - 403.572)	+	(541.561 - 405.719) )	/ 2 )
	=	29.12	/	( ( 129.604	+	135.842 )	/ 2 )
	=	29.12	/	132.723
	=	21.94 %

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

Weihai Huadong Automation Co (SZSE:002248) 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.

Weihai Huadong Automation Co ROCE % Related Terms

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Weihai Huadong Automation Co (SZSE:002248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weihai Huadong Automation Co Ltd (SZSE:002248) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 305 Huoju Road, High Technology Industrial Development Zone, Weihai, Shandong, CHN, 264209

Website

http://www.huadongcnc.com

Weihai Huadong Automation Co Ltd operates in the general equipment manufacturing industry. The company is engaged in an ordinary machine tool manufacturing business. The products of the company include CNC gantry milling and boring machine which include fixed beam fixed column, fixed beam moving a column, and moving beam moving the column, CNC floor boring and milling machine series, CNC vertical lathe, and horizontal machining center.

Executives

Zhao Su Xia	Director
Lian Xiao Ming	Director
Tang Xu Wei	Executives
Liu Xu Hui	Supervisors
Liu Bo Zhe	Director
Tang Shi Xian	Director
Gao He Ming	Executives
Li Zhuang	Directors, executives
Liu Chuan Jin	Executives

Weihai Huadong Automation Co (SZSE:002248) Headlines

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