Ningbo Zhongda Leader Intelligent Transmission Co (SZSE:002896) ROCE % : 4.61% (As of Sep. 2024)

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What is Ningbo Zhongda Leader Intelligent Transmission 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. Ningbo Zhongda Leader Intelligent Transmission Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.61%.

Ningbo Zhongda Leader Intelligent Transmission Co ROCE % Historical Data

The historical data trend for Ningbo Zhongda Leader Intelligent Transmission 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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Ningbo Zhongda Leader Intelligent Transmission Co ROCE % Chart

Ningbo Zhongda Leader Intelligent Transmission Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.19

11.91

10.41

7.05

6.72

Ningbo Zhongda Leader Intelligent Transmission 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															8.80	6.09	6.15	9.21	4.61

Ningbo Zhongda Leader Intelligent Transmission Co ROCE % Calculation

Ningbo Zhongda Leader Intelligent Transmission 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 )
	=	79.928	/	( ( (1478.287 - 321.356)	+	(1621.25 - 400.653) )	/ 2 )
	=	79.928	/	( (1156.931	+	1220.597)	/ 2 )
	=	79.928	/	1188.764
	=	6.72 %

Ningbo Zhongda Leader Intelligent Transmission 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 )
	=	57.756	/	( ( (1629.097 - 381.756)	+	(1596.129 - 340.292) )	/ 2 )
	=	57.756	/	( ( 1247.341	+	1255.837 )	/ 2 )
	=	57.756	/	1251.589
	=	4.61 %

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

Ningbo Zhongda Leader Intelligent Transmission Co (SZSE:002896) 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.

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Ningbo Zhongda Leader Intelligent Transmission Co Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Zhongda Leader Intelligent Transmission Co Ltd (SZSE:002896) » Definitions » ROCE %

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Address

No.185 Xinxing 1st Road, Zonghan Street, Xinxing Industrial Cluster Zone, Zhejiang Province, Cixi, CHN, 315301

Website

http://www.zd-motor.com

Ningbo Zhongda Leader Intelligent Transmission Co Ltd is an electromechanical automation enterprise. The company is engaged in the research, development, manufacture, sales and service of the motor drive, micro-motor and precision reducer. Its product offering includes small AC geared motor, miniature AC geared motor, transmission planetary reducer, hypoid motor and electric forklift. Its products are widely used in industrial robots, intelligent logistics, new energy, work machine and other fields, as well as food, packaging, textile, electronics, medical and other special machinery and equipment.

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