Zhangjiagang Furui Special Equipment Co (SZSE:300228) ROCE % : 14.00% (As of Sep. 2024)

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What is Zhangjiagang Furui Special Equipment 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. Zhangjiagang Furui Special Equipment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.00%.

Zhangjiagang Furui Special Equipment Co ROCE % Historical Data

The historical data trend for Zhangjiagang Furui Special Equipment 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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Zhangjiagang Furui Special Equipment Co ROCE % Chart

Zhangjiagang Furui Special Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.66

11.09

4.78

-9.74

13.11

Zhangjiagang Furui Special Equipment 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															9.99	31.34	7.59	17.99	14.00

Zhangjiagang Furui Special Equipment Co ROCE % Calculation

Zhangjiagang Furui Special Equipment 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 )
	=	256.497	/	( ( (3795.096 - 1947.788)	+	(4263.054 - 2198.721) )	/ 2 )
	=	256.497	/	( (1847.308	+	2064.333)	/ 2 )
	=	256.497	/	1955.8205
	=	13.11 %

Zhangjiagang Furui Special Equipment 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 )
	=	313.236	/	( ( (4304.957 - 2099.807)	+	(4251.583 - 1982.716) )	/ 2 )
	=	313.236	/	( ( 2205.15	+	2268.867 )	/ 2 )
	=	313.236	/	2237.0085
	=	14.00 %

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

Zhangjiagang Furui Special Equipment Co (SZSE:300228) 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.

Zhangjiagang Furui Special Equipment Co ROCE % Related Terms

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Zhangjiagang Furui Special Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhangjiagang Furui Special Equipment Co Ltd (SZSE:300228) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chen 19 New Road, Yangshe Town, Zhangjiagang City, Jiangsu Province, CHN, 215637

Website

http://www.furuise.com

Zhangjiagang Furui Special Equipment Co Ltd is engaged in the design and manufacture of the one-stop integrated solution of natural gas liquefaction, storage, transportation, loading, and unloading as well as the terminal application; and non-standard heavy-duty pressure vessels, vehicle motors remanufacturing, hydrogen Energy equipments and IOT (Internet of Things) of LNG industry.

Executives

Wu Pin Fang	Director
Yu Qing Qing	Securities Affairs Representative
Huang Feng	Directors, executives
Zhang Jian Zhong	Executives
Jiang Yan	Executives
Yin Jin Song	Executives
Meng Wei Hua	Executives
Xu Xue Hao	Executives
Zhang Bo	Executives
Guo Jing Juan	Independent director
Zhou Jian Lin	Executives
Xu Jun Jie	Executives
Wu Xin Hua	Executives
Peng Jun Chou	Executives
Wu Qi Ming	Supervisors

Zhangjiagang Furui Special Equipment Co Headlines

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