Willing New Energy Co (SZSE:002667) ROCE % : -33.92% (As of Sep. 2024)

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What is Willing New Energy 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. Willing New Energy Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -33.92%.

Willing New Energy Co ROCE % Historical Data

The historical data trend for Willing New Energy 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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Willing New Energy Co ROCE % Chart

Willing New Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.52

-0.65

-13.33

24.98

-16.88

Willing New Energy 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															-10.19	-53.71	-5.40	-13.39	-33.92

Willing New Energy Co ROCE % Calculation

Willing New Energy 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 )
	=	-238.35	/	( ( (2609.018 - 1152.923)	+	(2018.342 - 649.586) )	/ 2 )
	=	-238.35	/	( (1456.095	+	1368.756)	/ 2 )
	=	-238.35	/	1412.4255
	=	-16.88 %

Willing New Energy 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 )
	=	-407.76	/	( ( (1992.191 - 715.944)	+	(1871.704 - 743.606) )	/ 2 )
	=	-407.76	/	( ( 1276.247	+	1128.098 )	/ 2 )
	=	-407.76	/	1202.1725
	=	-33.92 %

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

Willing New Energy Co (SZSE:002667) 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.

Willing New Energy Co ROCE % Related Terms

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Willing New Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Willing New Energy Co Ltd (SZSE:002667) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.900, North Shengli Road, Lishan District, Liaoning, Anshan, CHN, 114042

Website

http://www.aszkjqc.com

Willing New Energy Co Ltd formerly Anshan Heavy Duty Mining Machinery Co Ltd is engaged in the research and development, sales and service of mining, construction and road construction machinery equipment.

Executives

Li Xiu Yan	Directors, executives
Zhang Bao Tian	Directors, executives
Gao Yong Chun	Directors, executives
Liang Xiao Dong	Directors, executives
Feng Hai Xia	Executives
Yang Yong Wei	Executives

Willing New Energy Co Headlines

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