Dongnan Electronics Co (SZSE:301359) ROCE % : 5.91% (As of Sep. 2024)

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What is Dongnan Electronics 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. Dongnan Electronics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.91%.

Dongnan Electronics Co ROCE % Historical Data

The historical data trend for Dongnan Electronics 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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Dongnan Electronics Co ROCE % Chart

Dongnan Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.36

23.69

17.81

6.86

5.12

Dongnan Electronics Co Quarterly Data
	Dec17	Jun18	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.60	5.31	5.30	6.41	5.91

Dongnan Electronics Co ROCE % Calculation

Dongnan Electronics 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 )
	=	43.341	/	( ( (879.305 - 40.815)	+	(908.37 - 52.669) )	/ 2 )
	=	43.341	/	( (838.49	+	855.701)	/ 2 )
	=	43.341	/	847.0955
	=	5.12 %

Dongnan Electronics 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 )
	=	49.656	/	( ( (884.077 - 49.13)	+	(901.759 - 55.944) )	/ 2 )
	=	49.656	/	( ( 834.947	+	845.815 )	/ 2 )
	=	49.656	/	840.381
	=	5.91 %

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

Dongnan Electronics Co (SZSE:301359) 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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Dongnan Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dongnan Electronics Co Ltd (SZSE:301359) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 218, Weiyi Road, Economic Development Zone, Zhejiang Province, Yueqing, CHN, 325600

Website

https://www.switch-china.com

Dongnan Electronics Co Ltd is engaged in the design, research and development, production and sales of micro switch products.

Executives

Chou Wen Kui

Directors, executives

Dongnan Electronics Co Headlines

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