Zhenjiang Dongfang Electric Heating Technology Co (SZSE:300217) ROCE % : 10.10% (As of Mar. 2024)

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What is Zhenjiang Dongfang Electric Heating 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. Zhenjiang Dongfang Electric Heating Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.10%.

Zhenjiang Dongfang Electric Heating Technology Co ROCE % Historical Data

The historical data trend for Zhenjiang Dongfang Electric Heating 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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Zhenjiang Dongfang Electric Heating Technology Co ROCE % Chart

Zhenjiang Dongfang Electric Heating Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.96

3.64

7.86

10.85

21.44

Zhenjiang Dongfang Electric Heating Technology 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															9.45	16.21	49.81	10.23	10.10

Zhenjiang Dongfang Electric Heating Technology Co ROCE % Calculation

Zhenjiang Dongfang Electric Heating 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 )
	=	788.493	/	( ( (7237.507 - 3859.8)	+	(7269.748 - 3293.403) )	/ 2 )
	=	788.493	/	( (3377.707	+	3976.345)	/ 2 )
	=	788.493	/	3677.026
	=	21.44 %

Zhenjiang Dongfang Electric Heating Technology 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 )
	=	404.564	/	( ( (7269.748 - 3293.403)	+	(6813.707 - 2781.83) )	/ 2 )
	=	404.564	/	( ( 3976.345	+	4031.877 )	/ 2 )
	=	404.564	/	4004.111
	=	10.10 %

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

Zhenjiang Dongfang Electric Heating Technology Co (SZSE:300217) 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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Zhenjiang Dongfang Electric Heating Technology Co (SZSE:300217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhenjiang Dongfang Electric Heating Technology Co Ltd (SZSE:300217) » Definitions » ROCE %

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Address

18 Wufengshan Road, Dagang, Zhenjiang New District, Jiangsu Province, Zhenjiang, CHN, 212132

Website

http://www.dongfang-heater.com

Zhenjiang Dongfang Electric Heating Technology Co Ltd is a design and manufacturing company of high-performance electric heater types which include metal tubular electric heaters, stainless steel finned heaters and PTC heater metal.

Executives

Tan Rong Sheng	Director
Jie Juan	Executives
Wei Xiu Ping	Executives
Jie Zhong	Executives
Luo Yue Fen	Executives
Leng Quan Fang	Executives
Wang Hong	Director
Tan Wei	Directors, executives
Tan Ke	Director
Zhao Hai Lin	Supervisors
Xu Da Fang	Director
Wang Shou Pei	Executives
Leng Yin Hao	Supervisors

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