Zhangjiagang Haiguo New Energy Equipment Manufacturing Co (SZSE:301063) ROCE % : 2.77% (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Zhangjiagang Haiguo New Energy Equipment Manufacturing 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 Haiguo New Energy Equipment Manufacturing Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.77%.

Zhangjiagang Haiguo New Energy Equipment Manufacturing Co ROCE % Historical Data

The historical data trend for Zhangjiagang Haiguo New Energy Equipment Manufacturing 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.

Zhangjiagang Haiguo New Energy Equipment Manufacturing Co ROCE % Chart

Zhangjiagang Haiguo New Energy Equipment Manufacturing Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

24.86

27.07

13.93

11.08

5.62

Zhangjiagang Haiguo New Energy Equipment Manufacturing 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															6.92	-0.52	2.71	3.08	2.77

Zhangjiagang Haiguo New Energy Equipment Manufacturing Co ROCE % Calculation

Zhangjiagang Haiguo New Energy Equipment Manufacturing 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 )
	=	72.722	/	( ( (1705.149 - 673.325)	+	(2217.334 - 660.234) )	/ 2 )
	=	72.722	/	( (1031.824	+	1557.1)	/ 2 )
	=	72.722	/	1294.462
	=	5.62 %

Zhangjiagang Haiguo New Energy Equipment Manufacturing 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 )
	=	42.52	/	( ( (2365.45 - 830.24)	+	(2350.453 - 810.934) )	/ 2 )
	=	42.52	/	( ( 1535.21	+	1539.519 )	/ 2 )
	=	42.52	/	1537.3645
	=	2.77 %

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

Zhangjiagang Haiguo New Energy Equipment Manufacturing Co (SZSE:301063) 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 Haiguo New Energy Equipment Manufacturing Co ROCE % Related Terms

Thank you for viewing the detailed overview of Zhangjiagang Haiguo New Energy Equipment Manufacturing Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhangjiagang Haiguo New Energy Equipment Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhangjiagang Haiguo New Energy Equipment Manufacturing Co Ltd (SZSE:301063) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Nanfeng Village, Nanfeng Town, Zhangjiagang, Jiangsu Province, Suzhou, CHN, 215628

Website

http://www.zjghgxny.com

Zhangjiagang Haiguo New Energy Equipment Manufacturing Co Ltd is engaged in the research and development, production and sales of special forgings for large and medium-sized equipment.

Zhangjiagang Haiguo New Energy Equipment Manufacturing Co Headlines

No Headlines