China Machinery Huanyu Certification and Inspection Co (SZSE:301508) ROCE % : 6.66% (As of Mar. 2024)

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What is China Machinery Huanyu Certification and Inspection 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. China Machinery Huanyu Certification and Inspection Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.66%.

China Machinery Huanyu Certification and Inspection Co ROCE % Historical Data

The historical data trend for China Machinery Huanyu Certification and Inspection 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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China Machinery Huanyu Certification and Inspection Co ROCE % Chart

China Machinery Huanyu Certification and Inspection Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

10.43

14.77

15.14

16.13

11.78

China Machinery Huanyu Certification and Inspection Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							10.76	21.71	15.06	9.46	6.66

China Machinery Huanyu Certification and Inspection Co ROCE % Calculation

China Machinery Huanyu Certification and Inspection 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 )
	=	179.499	/	( ( (1375.282 - 366.709)	+	(3118.6 - 1079.879) )	/ 2 )
	=	179.499	/	( (1008.573	+	2038.721)	/ 2 )
	=	179.499	/	1523.647
	=	11.78 %

China Machinery Huanyu Certification and Inspection 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 )
	=	136.616	/	( ( (3118.6 - 1079.879)	+	(2711.493 - 644.552) )	/ 2 )
	=	136.616	/	( ( 2038.721	+	2066.941 )	/ 2 )
	=	136.616	/	2052.831
	=	6.66 %

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

China Machinery Huanyu Certification and Inspection Co (SZSE:301508) 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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China Machinery Huanyu Certification and Inspection Co (SZSE:301508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Machinery Huanyu Certification and Inspection Co Ltd (SZSE:301508) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 32, Tianrong Street, Beizangcun Town, Daxing, Beijing, CHN, 102609

Website

http://www.cmhci.com.cn

China Machinery Huanyu Certification and Inspection Co Ltd provides Product inspection and testing services for complete automobiles, military equipment, engineering machinery, special equipment, civil aviation ground equipment, parts and components, as well as certification services such as product certification, system certification and service certification.

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