Chengdu Dahongli Machinery Co (SZSE:300865) ROCE % : 6.36% (As of Jun. 2024)

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What is Chengdu Dahongli Machinery 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. Chengdu Dahongli Machinery Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.36%.

Chengdu Dahongli Machinery Co ROCE % Historical Data

The historical data trend for Chengdu Dahongli Machinery 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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Chengdu Dahongli Machinery Co ROCE % Chart

Chengdu Dahongli Machinery Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.43

11.53

3.03

2.51

-4.27

Chengdu Dahongli Machinery Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															2.96	-10.14	-12.07	-0.47	6.36

Chengdu Dahongli Machinery Co ROCE % Calculation

Chengdu Dahongli Machinery 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 )
	=	-39.003	/	( ( (1232.693 - 285.015)	+	(1165.43 - 285.213) )	/ 2 )
	=	-39.003	/	( (947.678	+	880.217)	/ 2 )
	=	-39.003	/	913.9475
	=	-4.27 %

Chengdu Dahongli Machinery Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	56.14	/	( ( (1119.359 - 240.332)	+	(1069.099 - 183.738) )	/ 2 )
	=	56.14	/	( ( 879.027	+	885.361 )	/ 2 )
	=	56.14	/	882.194
	=	6.36 %

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

Chengdu Dahongli Machinery Co (SZSE:300865) 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.

Chengdu Dahongli Machinery Co ROCE % Related Terms

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Chengdu Dahongli Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Chengdu Dahongli Machinery Co Ltd (SZSE:300865) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 128, Industrial Avenue, Jinyuan Town, Dayi County, Sichuan Province (Economic Development Zone), Chengdu, CHN, 611330

Website

https://www.dhljq.com

Chengdu Dahongli Machinery Co Ltd is engaged in design, manufacturing and sales of complete sets of sand, stone and mining equipment for crushing, sieving, selecting, washing and conveying. The company's products include Crushing Series, Sieving Series, and Conveying Series.

Executives

Yang Zhong Min

Executives

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