Zhejiang Narada Power Source Co (SZSE:300068) ROCE % : 5.79% (As of Sep. 2024)

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What is Zhejiang Narada Power Source 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. Zhejiang Narada Power Source Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.79%.

Zhejiang Narada Power Source Co ROCE % Historical Data

The historical data trend for Zhejiang Narada Power Source 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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Zhejiang Narada Power Source Co ROCE % Chart

Zhejiang Narada Power Source Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.94

-2.41

-21.55

7.29

3.10

Zhejiang Narada Power Source 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															9.28	-18.45	7.54	8.11	5.79

Zhejiang Narada Power Source Co ROCE % Calculation

Zhejiang Narada Power Source 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 )
	=	240.844	/	( ( (16029.726 - 8640.684)	+	(18204.725 - 10066.283) )	/ 2 )
	=	240.844	/	( (7389.042	+	8138.442)	/ 2 )
	=	240.844	/	7763.742
	=	3.10 %

Zhejiang Narada Power Source 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 )
	=	516.104	/	( ( (20765.076 - 11746.877)	+	(19815.709 - 11013.716) )	/ 2 )
	=	516.104	/	( ( 9018.199	+	8801.993 )	/ 2 )
	=	516.104	/	8910.096
	=	5.79 %

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

Zhejiang Narada Power Source Co (SZSE:300068) 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.

Zhejiang Narada Power Source Co ROCE % Related Terms

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Zhejiang Narada Power Source Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Narada Power Source Co Ltd (SZSE:300068) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.72 Jingguan Road, Qingshan Town, Lin'an Economic Development Zone, Lin'an, Zhejiang, CHN, 311305

Website

http://www.naradabattery.com.cn

Zhejiang Narada Power Source Co Ltd manufactures and supplies batteries. The company is engaged in the development, manufacturing, sales, and service of communication back up, motive power and renewable energy storage batteries and accessories. The company's product portfolio includes - Lead acid batteries of the VRLA type and Lithium-ion cells and batteries. The products are widely used in telecom, electric power, railway and other infrastructure industry.

Executives

Zhu Bao Yi	Directors, executives
Qu Yi	Directors, executives
Xiang Jia Yuan	Executives
Gao Xiu Bing	Directors, executives
Liu Cheng Hao	Executives
Wang Yue Neng	Director
Wang Ying Jiao	Directors, executives
He Wei	Director
Zhou Qing Zhi	Director
Shu Hua Ying	Supervisors
Chen Bo	Directors, executives
Wang Hai Guang	Director
Jiang Kun Ting	Director
Chen Xiang Bao	Executives
Yang Zu Wei	Securities Affairs Representative

Zhejiang Narada Power Source Co Headlines

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