Changchun Zhiyuan New Energy Equipment Co (SZSE:300985) ROCE % : -0.97% (As of Sep. 2024)

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What is Changchun Zhiyuan New Energy 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. Changchun Zhiyuan New Energy Equipment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.97%.

Changchun Zhiyuan New Energy Equipment Co ROCE % Historical Data

The historical data trend for Changchun Zhiyuan New Energy 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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Changchun Zhiyuan New Energy Equipment Co ROCE % Chart

Changchun Zhiyuan New Energy Equipment Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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67.68

70.63

3.09

-4.55

7.91

Changchun Zhiyuan New Energy 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															12.44	24.44	7.46	15.95	-0.97

Changchun Zhiyuan New Energy Equipment Co ROCE % Calculation

Changchun Zhiyuan New Energy 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 )
	=	113.505	/	( ( (1614.417 - 356.321)	+	(2537.116 - 925.331) )	/ 2 )
	=	113.505	/	( (1258.096	+	1611.785)	/ 2 )
	=	113.505	/	1434.9405
	=	7.91 %

Changchun Zhiyuan New Energy 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 )
	=	-16.792	/	( ( (2769.772 - 975.358)	+	(2550.16 - 884.16) )	/ 2 )
	=	-16.792	/	( ( 1794.414	+	1666 )	/ 2 )
	=	-16.792	/	1730.207
	=	-0.97 %

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

Changchun Zhiyuan New Energy Equipment Co (SZSE:300985) 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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Changchun Zhiyuan New Energy Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changchun Zhiyuan New Energy Equipment Co Ltd (SZSE:300985) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 888 Yumin Road, Chaoyang Economic Development Zone, Jilin Province, Changchun, CHN, 130103

Website

http://www.zynewenergy.com

Changchun Zhiyuan New Energy Equipment Co Ltd is engaged in the research, development, manufacturing, and sales of energy equipment such as on-board LNG gas supply systems, tank containers, and hydrogen cylinders. Its main products include onboard LNG gas supply systems, vehicle gas cylinders, LNG fuel systems for ships, cryogenic storage tanks, skid-mounted equipment, graphitization of lithium battery negative electrode materials, and its by-product graphitized carbon enhancer. The company's customers cover domestic large-scale automobile companies and engineering machinery companies.

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