Wuhan Zhongyuan Huadian Science & Technology Co (SZSE:300018) ROCE % : 11.28% (As of Sep. 2024)

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What is Wuhan Zhongyuan Huadian Science & 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. Wuhan Zhongyuan Huadian Science & Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.28%.

Wuhan Zhongyuan Huadian Science & Technology Co ROCE % Historical Data

The historical data trend for Wuhan Zhongyuan Huadian Science & 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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Wuhan Zhongyuan Huadian Science & Technology Co ROCE % Chart

Wuhan Zhongyuan Huadian Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.54

4.95

7.61

2.44

6.22

Wuhan Zhongyuan Huadian Science & 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															7.22	7.29	3.32	8.62	11.28

Wuhan Zhongyuan Huadian Science & Technology Co ROCE % Calculation

Wuhan Zhongyuan Huadian Science & 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 )
	=	77.406	/	( ( (1388.14 - 162.876)	+	(1438.685 - 176.686) )	/ 2 )
	=	77.406	/	( (1225.264	+	1261.999)	/ 2 )
	=	77.406	/	1243.6315
	=	6.22 %

Wuhan Zhongyuan Huadian Science & 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 )
	=	146.124	/	( ( (1427.612 - 151.112)	+	(1482.744 - 167.621) )	/ 2 )
	=	146.124	/	( ( 1276.5	+	1315.123 )	/ 2 )
	=	146.124	/	1295.8115
	=	11.28 %

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

Wuhan Zhongyuan Huadian Science & Technology Co (SZSE:300018) 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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Wuhan Zhongyuan Huadian Science & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuhan Zhongyuan Huadian Science & Technology Co Ltd (SZSE:300018) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 6, 6th Road, Science and Technology Park, Huazhong University of Science and Technology, Wuhan East Lake New Technology Development Zone, Hubei Province, Wuhan, CHN, 430223

Website

http://www.zyhd.com.cn

Wuhan Zhongyuan Huadian Science & Technology Co Ltd specializes in the development and manufacturing of intelligent record analysis, electric power, and time synchronization systems in China.

Executives

Lu Chun Ming	Directors, executives
Deng Zhi Gang	Director
Wang Yong Ye	Director
Yin Li Guang	Supervisors
Zhang Xiao Bo	Directors, executives
Fu Duo	Director
Chen Zhi Bing	Supervisors
Yin Jian	Executives
Chen Xi Ping	Supervisors
Guo Xiao Ming	Supervisors

Wuhan Zhongyuan Huadian Science & Technology Co Headlines

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