Jiangxi Huawu Brake Co (SZSE:300095) ROCE % : 3.91% (As of Mar. 2024)

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What is Jiangxi Huawu Brake 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. Jiangxi Huawu Brake Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.91%.

Jiangxi Huawu Brake Co ROCE % Historical Data

The historical data trend for Jiangxi Huawu Brake 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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Jiangxi Huawu Brake Co ROCE % Chart

Jiangxi Huawu Brake Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.38

16.42

12.13

6.18

4.07

Jiangxi Huawu Brake Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.53	4.07	4.77	-1.15	3.91

Jiangxi Huawu Brake Co ROCE % Calculation

Jiangxi Huawu Brake 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 )
	=	107.126	/	( ( (3848.465 - 1266.114)	+	(3716.421 - 1036.062) )	/ 2 )
	=	107.126	/	( (2582.351	+	2680.359)	/ 2 )
	=	107.126	/	2631.355
	=	4.07 %

Jiangxi Huawu Brake Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	107.36	/	( ( (3716.421 - 1036.062)	+	(3624.443 - 819.269) )	/ 2 )
	=	107.36	/	( ( 2680.359	+	2805.174 )	/ 2 )
	=	107.36	/	2742.7665
	=	3.91 %

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

Jiangxi Huawu Brake Co (SZSE:300095) 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.

Jiangxi Huawu Brake Co ROCE % Related Terms

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Jiangxi Huawu Brake Co (SZSE:300095) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangxi Huawu Brake Co Ltd (SZSE:300095) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

City Industrial Park in Jiangxi Feng Xin Mei Road 7, Fengcheng, CHN, 331100

Website

http://www.hua-wu.com

Jiangxi Huawu Brake Co Ltd is engaged in the research, development, design, manufacture, and sales of industrial brakes and control systems. The products of the company include poet brake, metallurgical brake, wind turbine brake, rail traffic brake, and spare parts.

Executives

Nie Jing Hua	Director
Ceng Zhi Yong	Directors, executives
Nie Lu Lu	Executives, directors
Xie Xu Zhou	Executives
Chen Feng Ju	Directors, Directors, and Executives
Lai Chen	Executives
Zhang Jing	Executives
Cai Kui	Executives
Cao Ming Sheng	Directors, executives
Feng Hua	Independent director
Xuan Jian Min	Supervisors

Jiangxi Huawu Brake Co (SZSE:300095) Headlines

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