Qingdao Weflo Valve Co (SZSE:002871) ROCE % : 7.96% (As of Mar. 2024)

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What is Qingdao Weflo Valve 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. Qingdao Weflo Valve Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.96%.

Qingdao Weflo Valve Co ROCE % Historical Data

The historical data trend for Qingdao Weflo Valve 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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Qingdao Weflo Valve Co ROCE % Chart

Qingdao Weflo Valve Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.85

9.90

10.24

21.58

17.20

Qingdao Weflo Valve 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															20.48	19.26	17.65	10.99	7.96

Qingdao Weflo Valve Co ROCE % Calculation

Qingdao Weflo Valve 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 )
	=	140.079	/	( ( (993.967 - 209.471)	+	(1017.108 - 173.174) )	/ 2 )
	=	140.079	/	( (784.496	+	843.934)	/ 2 )
	=	140.079	/	814.215
	=	17.20 %

Qingdao Weflo Valve 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 )
	=	66.872	/	( ( (1017.108 - 173.174)	+	(988.602 - 152.664) )	/ 2 )
	=	66.872	/	( ( 843.934	+	835.938 )	/ 2 )
	=	66.872	/	839.936
	=	7.96 %

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

Qingdao Weflo Valve Co (SZSE:002871) 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.

Qingdao Weflo Valve Co ROCE % Related Terms

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Qingdao Weflo Valve Co (SZSE:002871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Weflo Valve Co Ltd (SZSE:002871) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 45 Xinghe Road, Jimo City Blue Village, Shandong Province, Qingdao City, CHN, 266111

Website

http://www.weilongvalve.com

Qingdao Weflo Valve Co Ltd is a high-tech enterprise specializing in design, development, manufacturing and sales of water supply and drainage valve products. Its products portfolio includes butterfly valves, fire valves, multi-function valves, globe valves, check valves, ball valves, rubber joints, filters, exhaust valves, balance valves and bottom valves. Its products are mainly used in the urban water supply and drainage systems, firefighting water supply systems, heating ventilation air conditioning (HVAC) systems and sewage treatment systems, among others.

Executives

Li Hui Jun	Director
Qu Hui Cheng	Executives
Zhang Hui Ting	Executives
Guo Cheng Ni	Executives
Wang Zhao Jian	Executives
Fan Qing Wei	Director
Zhao Xiang	Securities Affairs Representative
Liu Ke Ping	Directors, executives
Cui Xing Jian	Executives

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