Zhejiang Changsheng Sliding Bearings Co (SZSE:300718) ROCE % : 15.11% (As of Sep. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Zhejiang Changsheng Sliding Bearings 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 Changsheng Sliding Bearings Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.11%.

Zhejiang Changsheng Sliding Bearings Co ROCE % Historical Data

The historical data trend for Zhejiang Changsheng Sliding Bearings 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.

* Premium members only.

Zhejiang Changsheng Sliding Bearings Co ROCE % Chart

Zhejiang Changsheng Sliding Bearings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

10.72

11.08

12.71

7.88

17.96

Zhejiang Changsheng Sliding Bearings 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															17.90	17.58	14.89	18.09	15.11

Zhejiang Changsheng Sliding Bearings Co ROCE % Calculation

Zhejiang Changsheng Sliding Bearings 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 )
	=	284.884	/	( ( (1687.962 - 181.701)	+	(1957.808 - 291.654) )	/ 2 )
	=	284.884	/	( (1506.261	+	1666.154)	/ 2 )
	=	284.884	/	1586.2075
	=	17.96 %

Zhejiang Changsheng Sliding Bearings 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 )
	=	258.356	/	( ( (1904.461 - 222.041)	+	(2000.24 - 263.027) )	/ 2 )
	=	258.356	/	( ( 1682.42	+	1737.213 )	/ 2 )
	=	258.356	/	1709.8165
	=	15.11 %

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

Zhejiang Changsheng Sliding Bearings Co (SZSE:300718) 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 Changsheng Sliding Bearings Co ROCE % Related Terms

Thank you for viewing the detailed overview of Zhejiang Changsheng Sliding Bearings Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Changsheng Sliding Bearings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Changsheng Sliding Bearings Co Ltd (SZSE:300718) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.6, Xinda Road, Economic Development Zone, Jiashan, Zhejiang, CHN

Website

http://www.csb.com.cn

Zhejiang Changsheng Sliding Bearings Co Ltd is engaged in the research, development, production, and sale of self-lubricating bearings in China. The main products are bimetallic self-lubricating bearings, metal plastic self-lubricating bearings, metal-based self-lubricating bearings, and plastic self-lubricating bearings. Its products are mainly used in automobiles, engineering machinery, agriculture and other.

Executives

Sun Zhi Hua	Director
Chu Chen Jian	Directors, executives
Cao Yin Chao	Directors, executives
Wang Wei Jie	Supervisors
Lu Zhong Quan	Executives
Dai Hai Lin	Executives
Zhu Yao Guang	Supervisors

Zhejiang Changsheng Sliding Bearings Co Headlines

No Headlines