Baoding Dongli Machinery Co (SZSE:301298) ROCE % : 8.73% (As of Mar. 2024)

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What is Baoding Dongli 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. Baoding Dongli Machinery Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.73%.

Baoding Dongli Machinery Co ROCE % Historical Data

The historical data trend for Baoding Dongli 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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Baoding Dongli Machinery Co ROCE % Chart

Baoding Dongli Machinery Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.15

12.78

17.39

10.29

11.11

Baoding Dongli Machinery Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.11	10.67	8.78	20.30	8.73

Baoding Dongli Machinery Co ROCE % Calculation

Baoding Dongli 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 )
	=	98.787	/	( ( (1018.41 - 166.05)	+	(1107.078 - 181.112) )	/ 2 )
	=	98.787	/	( (852.36	+	925.966)	/ 2 )
	=	98.787	/	889.163
	=	11.11 %

Baoding Dongli Machinery Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	80.66	/	( ( (1107.078 - 181.112)	+	(1106.818 - 185.172) )	/ 2 )
	=	80.66	/	( ( 925.966	+	921.646 )	/ 2 )
	=	80.66	/	923.806
	=	8.73 %

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

Baoding Dongli Machinery Co (SZSE:301298) 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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Baoding Dongli Machinery Co (SZSE:301298) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Baoding Dongli Machinery Co Ltd (SZSE:301298) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 29, Qianjin East Street, Qingyuan District, Hebei Province, Baoding, CHN, 071100

Website

http://www.bddlm.com

Boading Dongli Machinery Co Ltd produces and sells auto parts, petroleum valve parts and other products. The company engages in automobile engine crankshaft damping pulley processing and manufacturing, casting manufacturing, mold manufacturing, precision CNC machine tool processing; mechanical equipment.

Executives

Meng Shu Ming	Director
Zhou Yu Ming	Executives
Yu Liang	Executives
Zhao Jian Xin	Directors, executives

Baoding Dongli Machinery Co (SZSE:301298) Headlines

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