ERA Co (SZSE:002641) ROCE % : 1.96% (As of Mar. 2024)

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What is ERA 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. ERA Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.96%.

ERA Co ROCE % Historical Data

The historical data trend for ERA 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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ERA Co ROCE % Chart

ERA Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.17

21.19

12.63

1.39

7.43

ERA 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															7.12	7.55	9.19	5.87	1.96

ERA Co ROCE % Calculation

ERA 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 )
	=	419.001	/	( ( (8480.033 - 3029.762)	+	(8336.643 - 2506.048) )	/ 2 )
	=	419.001	/	( (5450.271	+	5830.595)	/ 2 )
	=	419.001	/	5640.433
	=	7.43 %

ERA 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 )
	=	113.744	/	( ( (8336.643 - 2506.048)	+	(9357.992 - 3555.463) )	/ 2 )
	=	113.744	/	( ( 5830.595	+	5802.529 )	/ 2 )
	=	113.744	/	5816.562
	=	1.96 %

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

ERA Co (SZSE:002641) 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.

ERA Co ROCE % Related Terms

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ERA Co (SZSE:002641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » ERA Co Ltd (SZSE:002641) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.2 Daixi Road, Economic Development Zone, Huangyan East, Zhejiang Province, Taizhou, CHN

Website

http://.en.era.com.cn

ERA Co Ltd, formerly Yonggao Co Ltd manufacturers of plastic valves and fittings. Its products offer PP compression fittings and clamp saddles, CPVC valves, PVC pressure pipes and fittings and PVC pressure fittings, among others.

Executives

Zhang Wei	Directors, executives
Lu Zhen Yu	Director
Lu Cai Fen	Director
Zhang Xian Kang	Executives
Lin Ying Fu	Executives
Wang Jie Jun	Executives

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