Xizi Clean Energy Equipment Manufacturing Co (SZSE:002534) ROCE % : 19.32% (As of Mar. 2024)

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What is Xizi Clean Energy Equipment Manufacturing 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. Xizi Clean Energy Equipment Manufacturing Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.32%.

Xizi Clean Energy Equipment Manufacturing Co ROCE % Historical Data

The historical data trend for Xizi Clean Energy Equipment Manufacturing 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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Xizi Clean Energy Equipment Manufacturing Co ROCE % Chart

Xizi Clean Energy Equipment Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.90

15.83

9.97

5.36

3.50

Xizi Clean Energy Equipment Manufacturing 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															3.36	3.11	4.57	2.29	19.32

Xizi Clean Energy Equipment Manufacturing Co ROCE % Calculation

Xizi Clean Energy Equipment Manufacturing 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 )
	=	232.446	/	( ( (15953.163 - 9310.721)	+	(15952.807 - 9296.547) )	/ 2 )
	=	232.446	/	( (6642.442	+	6656.26)	/ 2 )
	=	232.446	/	6649.351
	=	3.50 %

Xizi Clean Energy Equipment Manufacturing 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 )
	=	1311	/	( ( (15952.807 - 9296.547)	+	(15749.307 - 8835.79) )	/ 2 )
	=	1311	/	( ( 6656.26	+	6913.517 )	/ 2 )
	=	1311	/	6784.8885
	=	19.32 %

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

Xizi Clean Energy Equipment Manufacturing Co (SZSE:002534) 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.

Xizi Clean Energy Equipment Manufacturing Co ROCE % Related Terms

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Xizi Clean Energy Equipment Manufacturing Co (SZSE:002534) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xizi Clean Energy Equipment Manufacturing Co Ltd (SZSE:002534) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1216 Danonggang Road, Hangzhou, CHN, 310021

Website

http://www.chinaboilers.com

Xizi Clean Energy Equipment Manufacturing Co Ltd formerly Hangzhou Boiler Group Co Ltd is engaged in providing boiler, pressure vessel, environmental protection & new energy equipment and other products with R & D, production, sales, consulting, installation and other engineering services. The product offerings of the company include Flue-gas purifier, HP Heater, LP feedwater heater, Deaerator, Condenser and Chain stoker boiler among others.

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