Qingdao Choho Industry Co (SZSE:003033) ROCE % : 8.29% (As of Dec. 2024)

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What is Qingdao Choho Industry 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 Choho Industry Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 8.29%.

Qingdao Choho Industry Co ROCE % Historical Data

The historical data trend for Qingdao Choho Industry 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 Choho Industry Co ROCE % Chart

Qingdao Choho Industry Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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25.74

11.12

15.53

9.23

8.59

Qingdao Choho Industry Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															5.95	8.03	9.38	8.63	8.29

Qingdao Choho Industry Co ROCE % Calculation

Qingdao Choho Industry Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	158.021	/	( ( (2248.267 - 445.717)	+	(2381.979 - 505.078) )	/ 2 )
	=	158.021	/	( (1802.55	+	1876.901)	/ 2 )
	=	158.021	/	1839.7255
	=	8.59 %

Qingdao Choho Industry Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	155.096	/	( ( (2264.112 - 399.082)	+	(2381.979 - 505.078) )	/ 2 )
	=	155.096	/	( ( 1865.03	+	1876.901 )	/ 2 )
	=	155.096	/	1870.9655
	=	8.29 %

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

Qingdao Choho Industry Co (SZSE:003033) 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 Choho Industry Co ROCE % Related Terms

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Qingdao Choho Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qingdao Choho Industry Co Ltd (SZSE:003033) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 99, Xiamen Road, Economic Development Zone, Shandong Province, Pingdu, Qingdao, CHN, 266700

Website

https://www.chohogroup.com

Qingdao Choho Industry Co Ltd is engaged in the manufacturing and sales of various chain drive systems. It is in the fields of agricultural machinery chain system and industrial automation chain system. It has provided products and technical services to more than 50 companies including Honda, Suzuki, Yamaha, BMW, Grand Yangtze River, Piaggio, Geely, BYD, Jiangling Ford, Knorr-Bremse, and China North Industries group.

Executives

Chen Li Peng	Directors, executives
Mou Jia Hai	Directors, executives
Xiang Hua	Director
Liu Yi	Executives
Zheng Lin Kun	Directors, executives
Xu Da Zhi	Executives
Fang Xiang	Supervisors

Qingdao Choho Industry Co Headlines

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