Bestway Marine & Energy Technology Co (SZSE:300008) ROCE % : 5.43% (As of Sep. 2024)

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What is Bestway Marine & Energy 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. Bestway Marine & Energy Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.43%.

Bestway Marine & Energy Technology Co ROCE % Historical Data

The historical data trend for Bestway Marine & Energy 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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Bestway Marine & Energy Technology Co ROCE % Chart

Bestway Marine & Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-48.37

3.47

1.84

8.52

7.88

Bestway Marine & Energy Technology 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															6.37	8.42	9.04	7.85	5.43

Bestway Marine & Energy Technology Co ROCE % Calculation

Bestway Marine & Energy 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 )
	=	166.502	/	( ( (3821.043 - 1766.109)	+	(4336.604 - 2168.042) )	/ 2 )
	=	166.502	/	( (2054.934	+	2168.562)	/ 2 )
	=	166.502	/	2111.748
	=	7.88 %

Bestway Marine & Energy Technology 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 )
	=	122.236	/	( ( (4431.123 - 2172.13)	+	(4175.526 - 1929.05) )	/ 2 )
	=	122.236	/	( ( 2258.993	+	2246.476 )	/ 2 )
	=	122.236	/	2252.7345
	=	5.43 %

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

Bestway Marine & Energy Technology Co (SZSE:300008) 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.

Bestway Marine & Energy Technology Co ROCE % Related Terms

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Bestway Marine & Energy Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Bestway Marine & Energy Technology Co Ltd (SZSE:300008) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jianzhu Road, Building 10, No. 518, 8th Floor, Songjiang District, Shanghai, CHN, 201612

Website

http://www.bestwaysh.com

Bestway Marine & Energy Technology Co Ltd is engaged in marine and offshore engineering design, manufacture and sales; ship charter and shipping management; natural gas utilization and technical development; and ecological agriculture & aquaculture.

Executives

Lin Qiang	Executives
Liu Nan	Secretary, Director
Qin Bing Jun	Executives
Hui Tao	Executives
Liu Xin You	Supervisors
Xun Zheng Lai	Executives
Bai Xue Hua	Executives
Zhan Jin Feng	Directors, executives
Gu Jian Guo	Directors, executives
Ma Rui	Directors, executives
Zhu Zhi Peng	Director
Zhu Chun Hua	Supervisors
Zhang Yan Tong	Executives
Hang Zhong Ming	Executives
Zhao De Hua	Director

Bestway Marine & Energy Technology Co Headlines

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