Chengdu Xinzhu Road&Bridge Machinery Co (SZSE:002480) ROCE % : 1.51% (As of Sep. 2024)

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What is Chengdu Xinzhu Road&Bridge Machinery 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. Chengdu Xinzhu Road&Bridge Machinery Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.51%.

Chengdu Xinzhu Road&Bridge Machinery Co ROCE % Historical Data

The historical data trend for Chengdu Xinzhu Road&Bridge Machinery 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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Chengdu Xinzhu Road&Bridge Machinery Co ROCE % Chart

Chengdu Xinzhu Road&Bridge Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.02

5.59

-0.86

-1.87

1.54

Chengdu Xinzhu Road&Bridge Machinery 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															2.57	-0.36	1.74	-0.25	1.51

Chengdu Xinzhu Road&Bridge Machinery Co ROCE % Calculation

Chengdu Xinzhu Road&Bridge Machinery 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 )
	=	122.731	/	( ( (11786.193 - 3770.785)	+	(13446.122 - 5498.426) )	/ 2 )
	=	122.731	/	( (8015.408	+	7947.696)	/ 2 )
	=	122.731	/	7981.552
	=	1.54 %

Chengdu Xinzhu Road&Bridge Machinery 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 )
	=	129.332	/	( ( (14298.695 - 5633.879)	+	(14738.752 - 6278.432) )	/ 2 )
	=	129.332	/	( ( 8664.816	+	8460.32 )	/ 2 )
	=	129.332	/	8562.568
	=	1.51 %

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

Chengdu Xinzhu Road&Bridge Machinery Co (SZSE:002480) 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.

Chengdu Xinzhu Road&Bridge Machinery Co ROCE % Related Terms

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Chengdu Xinzhu Road&Bridge Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Chengdu Xinzhu Road&Bridge Machinery Co Ltd (SZSE:002480) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Huaqiao Industrial Zone, Xinjin, Chengdu, CHN, 611430

Website

http://www.xinzhu.com

Chengdu Xinzhu Road&Bridge Machinery Co Ltd mainly designs and produce functional parts and materials of a bridge, project machinery, and urban rail transportation equipment. Its products are utilized home and abroad by a road, railway, airport, hydraulic and municipal engineering. Chengdu Xinzhu's customers cover all over the country and Southeast Asia, the Middle East, Africa and Russia.

Executives

Jia Xiu Ying	Directors, executives
Wang Bin	Supervisors
Yang Li	Supervisors
Xia Yu Long	Executives
Heng Fu Ming	Executives
Yang Yong Lin	Directors, executives
Gong Yong	Supervisors
Chen Xiang Yue	Executives
Zhang Yang	Directors, executives
Zhang Yu Lan	Supervisors
Du Xiao Feng	Directors, executives
Huang Zhi Ming	Director
Feng Ke Min	Directors, executives
Chen Han Zhong	Supervisors
Peng Bo	Director

Chengdu Xinzhu Road&Bridge Machinery Co Headlines

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