Jiangsu Haili Wind Power Equipment Technical Co (SZSE:301155) ROCE % : -1.85% (As of Sep. 2024)

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What is Jiangsu Haili Wind Power Equipment Technical 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. Jiangsu Haili Wind Power Equipment Technical Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.85%.

Jiangsu Haili Wind Power Equipment Technical Co ROCE % Historical Data

The historical data trend for Jiangsu Haili Wind Power Equipment Technical 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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Jiangsu Haili Wind Power Equipment Technical Co ROCE % Chart

Jiangsu Haili Wind Power Equipment Technical Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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50.95

78.15

39.67

4.16

-1.41

Jiangsu Haili Wind Power Equipment Technical 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															-4.74	-11.84	6.26	-0.02	-1.85

Jiangsu Haili Wind Power Equipment Technical Co ROCE % Calculation

Jiangsu Haili Wind Power Equipment Technical 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 )
	=	-80.544	/	( ( (7097.105 - 1338.487)	+	(7725.893 - 2061.058) )	/ 2 )
	=	-80.544	/	( (5758.618	+	5664.835)	/ 2 )
	=	-80.544	/	5711.7265
	=	-1.41 %

Jiangsu Haili Wind Power Equipment Technical 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 )
	=	-108.488	/	( ( (8589.851 - 2780.247)	+	(8969.621 - 3081.66) )	/ 2 )
	=	-108.488	/	( ( 5809.604	+	5887.961 )	/ 2 )
	=	-108.488	/	5848.7825
	=	-1.85 %

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

Jiangsu Haili Wind Power Equipment Technical Co (SZSE:301155) 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.

Jiangsu Haili Wind Power Equipment Technical Co ROCE % Related Terms

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Jiangsu Haili Wind Power Equipment Technical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Haili Wind Power Equipment Technical Co Ltd (SZSE:301155) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

North of Jinshajiang Road, East of Jinggangshan Road, Economic Development Zone, Jiangsu Province, Rudong, CHN, 226400

Website

http://www.jshlfd.com

Jiangsu Haili Wind Power Equipment Technical Co Ltd is engaged in the research and development, production and sales of wind power equipment components.

Executives

Song Hong Jun	Director
Sha De Quan	Directors, executives
Chen Hai Jun	Directors, executives
Qian Ai Xiang	Supervisors
Deng Feng	Supervisors

Jiangsu Haili Wind Power Equipment Technical Co Headlines

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