Dajin Heavy Industry Co (SZSE:002487) ROCE % : 5.84% (As of Sep. 2024)

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What is Dajin Heavy Industry 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. Dajin Heavy Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.84%.

Dajin Heavy Industry Co ROCE % Historical Data

The historical data trend for Dajin Heavy Industry 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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Dajin Heavy Industry Co ROCE % Chart

Dajin Heavy Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.59

24.70

21.96

9.69

6.64

Dajin Heavy Industry 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															8.64	1.08	3.29	7.31	5.84

Dajin Heavy Industry Co ROCE % Calculation

Dajin Heavy Industry 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 )
	=	498.564	/	( ( (11259.103 - 3543.524)	+	(10224.813 - 2930.14) )	/ 2 )
	=	498.564	/	( (7715.579	+	7294.673)	/ 2 )
	=	498.564	/	7505.126
	=	6.64 %

Dajin Heavy Industry 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 )
	=	443.188	/	( ( (10537.397 - 3018.71)	+	(11564.613 - 3893.709) )	/ 2 )
	=	443.188	/	( ( 7518.687	+	7670.904 )	/ 2 )
	=	443.188	/	7594.7955
	=	5.84 %

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

Dajin Heavy Industry Co (SZSE:002487) 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.

Dajin Heavy Industry Co ROCE % Related Terms

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Dajin Heavy Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dajin Heavy Industry Co Ltd (SZSE:002487) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.155 Xinqiu Street, Xinqiu District, Liaoning Province, Fuxin, CHN, 123005

Website

http://www.dajin.cn

Dajin Heavy Industry Co Ltd is a wind power equipment manufacturer. The company's main products include wind power towers and offshore wind power monotube piles and related parts.

Executives

Sun Xiao Le	Directors, executives
Jiang Wei	Director
Chen Rui	Directors, executives
Zhao Yue Qiang	Directors, executives
Jin Xin	Directors, executives
Cui Zhi Zhong	Directors, executives
Jia Yue Dong	Supervisors
Wang Xing Hua	Executives
Ma Chun Mei	Executives
Jie Hong Chen	Director

Dajin Heavy Industry Co Headlines

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