Changhong Meiling Co (SZSE:200521) ROCE % : 8.73% (As of Sep. 2024)

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What is Changhong Meiling 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. Changhong Meiling Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.73%.

Changhong Meiling Co ROCE % Historical Data

The historical data trend for Changhong Meiling 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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Changhong Meiling Co ROCE % Chart

Changhong Meiling Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.82

0.04

1.45

5.35

13.32

Changhong Meiling 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															10.06	18.64	11.19	18.15	8.73

Changhong Meiling Co ROCE % Calculation

Changhong Meiling 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 )
	=	918.161	/	( ( (18096.693 - 11465.059)	+	(21210.128 - 14051.796) )	/ 2 )
	=	918.161	/	( (6631.634	+	7158.332)	/ 2 )
	=	918.161	/	6894.983
	=	13.32 %

Changhong Meiling 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 )
	=	637.976	/	( ( (25669.395 - 18461.211)	+	(24917.442 - 17511.357) )	/ 2 )
	=	637.976	/	( ( 7208.184	+	7406.085 )	/ 2 )
	=	637.976	/	7307.1345
	=	8.73 %

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

Changhong Meiling Co (SZSE:200521) 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.

Changhong Meiling Co ROCE % Related Terms

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Changhong Meiling Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Changhong Meiling Co Ltd (SZSE:200521) » Definitions » ROCE %

Traded in Other Exchanges

000521:China

Address

No. 2163, Lianhua Road, Economic and technology Development Zone, Hefei, Anhui, CHN, 230601

Website

http://www.meiling.com

Changhong Meiling Co Ltd is engaged in the research and development, manufacturing and sales of refrigerators, which covers the manufacturing and sales of various household refrigerators and accessories, as well as the sales and services of other household appliances.

Executives

	Executives
Liu Hong Wei	Executives

Changhong Meiling Co Headlines

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