Zhejiang Asia-Pacific Mechanical & Electronics Co (SZSE:002284) ROCE % : 8.50% (As of Dec. 2024)

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What is Zhejiang Asia-Pacific Mechanical & Electronics 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. Zhejiang Asia-Pacific Mechanical & Electronics Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 8.50%.

Zhejiang Asia-Pacific Mechanical & Electronics Co ROCE % Historical Data

The historical data trend for Zhejiang Asia-Pacific Mechanical & Electronics 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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Zhejiang Asia-Pacific Mechanical & Electronics Co ROCE % Chart

Zhejiang Asia-Pacific Mechanical & Electronics Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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2.10

3.02

4.16

7.68

8.20

Zhejiang Asia-Pacific Mechanical & Electronics Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															9.02	9.01	7.32	7.99	8.50

Zhejiang Asia-Pacific Mechanical & Electronics Co ROCE % Calculation

Zhejiang Asia-Pacific Mechanical & Electronics Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	246.508	/	( ( (6243.197 - 3301.714)	+	(7008.008 - 3938.243) )	/ 2 )
	=	246.508	/	( (2941.483	+	3069.765)	/ 2 )
	=	246.508	/	3005.624
	=	8.20 %

Zhejiang Asia-Pacific Mechanical & Electronics Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	259.228	/	( ( (6718.795 - 3692.341)	+	(7008.008 - 3938.243) )	/ 2 )
	=	259.228	/	( ( 3026.454	+	3069.765 )	/ 2 )
	=	259.228	/	3048.1095
	=	8.50 %

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

Zhejiang Asia-Pacific Mechanical & Electronics Co (SZSE:002284) 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.

Zhejiang Asia-Pacific Mechanical & Electronics Co ROCE % Related Terms

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Zhejiang Asia-Pacific Mechanical & Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Asia-Pacific Mechanical & Electronics Co Ltd (SZSE:002284) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.1399 Yatai Road, Xiaoshan Distrcit, Hangzhou, CHN, 311203

Website

http://www.apg.cn

Zhejiang Asia-Pacific Mechanical & Electronics Co Ltd is engaged in the development, production, and sales of complete vehicle brake systems. The products of the company include commercial vehicle brake product, brake caliper, booster, brake disc, drum brake, rear drum brake, front drum brake, handbrake, and clutch pump.

Executives

Huang Lai Xing	Director
Shi Rui Kang	Executives
Shi Ji Fa	Directors, executives
Qian Yi Min	Independent director
Huang Wei Chao	Executives
Zheng Rong	Executives
Liu Yun	Independent director
Hu Shui Bing	Supervisors
Fei Zhong Xin	Director
Chen Ya Hua	Directors, executives

Zhejiang Asia-Pacific Mechanical & Electronics Co Headlines

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