Fujian Yongfu Power Engineering Co (SZSE:300712) ROCE % : 2.25% (As of Sep. 2024)

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What is Fujian Yongfu Power Engineering 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. Fujian Yongfu Power Engineering Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.25%.

Fujian Yongfu Power Engineering Co ROCE % Historical Data

The historical data trend for Fujian Yongfu Power Engineering 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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Fujian Yongfu Power Engineering Co ROCE % Chart

Fujian Yongfu Power Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.43

8.87

4.90

8.03

4.92

Fujian Yongfu Power Engineering 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															3.97	6.50	4.45	4.86	2.25

Fujian Yongfu Power Engineering Co ROCE % Calculation

Fujian Yongfu Power Engineering 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 )
	=	85.924	/	( ( (3383.449 - 1788.032)	+	(4319.289 - 2421.859) )	/ 2 )
	=	85.924	/	( (1595.417	+	1897.43)	/ 2 )
	=	85.924	/	1746.4235
	=	4.92 %

Fujian Yongfu Power Engineering 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 )
	=	41.476	/	( ( (4496.738 - 2561.014)	+	(4634.492 - 2891.008) )	/ 2 )
	=	41.476	/	( ( 1935.724	+	1743.484 )	/ 2 )
	=	41.476	/	1839.604
	=	2.25 %

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

Fujian Yongfu Power Engineering Co (SZSE:300712) 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.

Fujian Yongfu Power Engineering Co ROCE % Related Terms

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Fujian Yongfu Power Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fujian Yongfu Power Engineering Co Ltd (SZSE:300712) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

High-tech Avenue, Haixi Science and Technology Park, Fujian Provience, Minhou County, Fuzhou, CHN, 350108

Website

http://www.fjyfdl.com

Fujian Yongfu Power Engineering Co Ltd is engaged in the provision of consultancy and survey and design services for electric power engineering to domestic and foreign customers. It also provides engineering, procurement, and construction general contracting projects process management services. The company is organized into four major operating divisions - electric power planning and pre-construction consulting, power generation engineering survey and design, power transmission and transformation engineering investigation design, and project general contracting.

Executives

Song Fa Xing	Executives
Zhuo Xiu Zhe	Executives

Fujian Yongfu Power Engineering Co Headlines

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