Zhongshan Broad-ocean Motor Co (SZSE:002249) ROCE % : 10.52% (As of Mar. 2024)

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What is Zhongshan Broad-ocean Motor 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. Zhongshan Broad-ocean Motor Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.52%.

Zhongshan Broad-ocean Motor Co ROCE % Historical Data

The historical data trend for Zhongshan Broad-ocean Motor 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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Zhongshan Broad-ocean Motor Co ROCE % Chart

Zhongshan Broad-ocean Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.49

1.72

4.05

6.40

8.36

Zhongshan Broad-ocean Motor 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															8.84	10.97	8.02	5.22	10.52

Zhongshan Broad-ocean Motor Co ROCE % Calculation

Zhongshan Broad-ocean Motor 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 )
	=	807.583	/	( ( (15194.127 - 5662.455)	+	(16094.258 - 6314.691) )	/ 2 )
	=	807.583	/	( (9531.672	+	9779.567)	/ 2 )
	=	807.583	/	9655.6195
	=	8.36 %

Zhongshan Broad-ocean Motor 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 )
	=	1038.072	/	( ( (16094.258 - 6314.691)	+	(16726.437 - 6767.731) )	/ 2 )
	=	1038.072	/	( ( 9779.567	+	9958.706 )	/ 2 )
	=	1038.072	/	9869.1365
	=	10.52 %

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

Zhongshan Broad-ocean Motor Co (SZSE:002249) 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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Zhongshan Broad-ocean Motor Co (SZSE:002249) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhongshan Broad-ocean Motor Co Ltd (SZSE:002249) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

The Third Industrial Zone, Shalang, West District, Zhongshan, Guangdong, CHN, 528411

Website

http://www.broad-ocean.com

Zhongshan Broad-ocean Motor Co Ltd operates in motor and drive system industry. The company is engaged in development and production of motors which include new energy vehicle powertrain system, hydrogen fuel cell system, hydrogen engine system, and vehicle rotating electrical appliances.

Executives

Lu Chu Ping	Director
Liu Zi Wen	Executives
Xiong Jie Ming	Executives
Wu Xiao Yun	Executives
Lan Jiang	Supervisors
Zhang Yun Long	Director
Xu Hai Ming	Directors, executives
Wang Wen Li	Director
Xu Yan Dong	Supervisors
Gong Jun	Director
Qu Ming	Supervisors
Yu Jin Song	Independent director
Wang Zhen Biao	Supervisors
Yan Zhan Hua	Executives
Peng Hui	Director

Zhongshan Broad-ocean Motor Co (SZSE:002249) Headlines

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