Dianguang Explosion-proof Technology Co (SZSE:002730) ROCE % : 7.26% (As of Mar. 2024)

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What is Dianguang Explosion-proof Technology 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. Dianguang Explosion-proof Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.26%.

Dianguang Explosion-proof Technology Co ROCE % Historical Data

The historical data trend for Dianguang Explosion-proof Technology 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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Dianguang Explosion-proof Technology Co ROCE % Chart

Dianguang Explosion-proof Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.23

6.84

9.04

7.68

9.20

Dianguang Explosion-proof Technology 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															6.16	8.35	10.88	11.57	7.26

Dianguang Explosion-proof Technology Co ROCE % Calculation

Dianguang Explosion-proof Technology 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 )
	=	145.073	/	( ( (2220.876 - 685.12)	+	(2527.765 - 908.183) )	/ 2 )
	=	145.073	/	( (1535.756	+	1619.582)	/ 2 )
	=	145.073	/	1577.669
	=	9.20 %

Dianguang Explosion-proof Technology 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 )
	=	118.38	/	( ( (2527.765 - 908.183)	+	(2483.393 - 840.133) )	/ 2 )
	=	118.38	/	( ( 1619.582	+	1643.26 )	/ 2 )
	=	118.38	/	1631.421
	=	7.26 %

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

Dianguang Explosion-proof Technology Co (SZSE:002730) 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.

Dianguang Explosion-proof Technology Co ROCE % Related Terms

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Dianguang Explosion-proof Technology Co (SZSE:002730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dianguang Explosion-proof Technology Co Ltd (SZSE:002730) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Road Wei 5th, Yueqing Economic Development District, Zhejiang Province, Wenzhou, CHN, 325600

Website

http://www.dianguang.com

Dianguang Explosion-proof Technology Co Ltd is a China-based explosion protection electrical appliance manufacturer. The company is engaged in the research and development, production, sales, and services of explosion protection electrical appliances. Its product offerings include weatherproof manipulator, explosion protection metal halide lamp, explosion protection floodlight, mining explosion-proof cap lamp, H.V. vacuum breaker, weatherproof distribution box, explosion protection luminescent lighting, explosion protection connection chamber, mining explosion-proof movable substation, among others. Its products are used in coal mine, hazardous zone, marine solutions, weatherproof and application sectors.

Executives

Shi Peng	Director
Shi Long	Director
Shi Xiao Xia	Director
Shi Sui Biao	Director
Zhu Dan	Supervisors
Wu Feng Tao	Independent director

Dianguang Explosion-proof Technology Co (SZSE:002730) Headlines

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