Changzhou Wujin Zhongrui Electronic Technology Co (SZSE:301587) ROCE % : 1.62% (As of Sep. 2024)

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What is Changzhou Wujin Zhongrui Electronic Technology 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. Changzhou Wujin Zhongrui Electronic Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.62%.

Changzhou Wujin Zhongrui Electronic Technology Co ROCE % Historical Data

The historical data trend for Changzhou Wujin Zhongrui Electronic Technology 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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Changzhou Wujin Zhongrui Electronic Technology Co ROCE % Chart

Changzhou Wujin Zhongrui Electronic Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.02

11.82

18.90

19.01

12.20

Changzhou Wujin Zhongrui Electronic Technology Co Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial													11.25	9.40	7.59	3.34	1.62

Changzhou Wujin Zhongrui Electronic Technology Co ROCE % Calculation

Changzhou Wujin Zhongrui Electronic Technology 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 )
	=	152.077	/	( ( (1494.089 - 317.254)	+	(1579.269 - 262.873) )	/ 2 )
	=	152.077	/	( (1176.835	+	1316.396)	/ 2 )
	=	152.077	/	1246.6155
	=	12.20 %

Changzhou Wujin Zhongrui Electronic Technology 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 )
	=	34.032	/	( ( (2414.95 - 332.171)	+	(2464.094 - 354.424) )	/ 2 )
	=	34.032	/	( ( 2082.779	+	2109.67 )	/ 2 )
	=	34.032	/	2096.2245
	=	1.62 %

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

Changzhou Wujin Zhongrui Electronic Technology Co (SZSE:301587) 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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Changzhou Wujin Zhongrui Electronic Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changzhou Wujin Zhongrui Electronic Technology Co Ltd (SZSE:301587) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jinghu Road, No. 11 and 11-1,, Wujin National High-tech Industrial Development Zo, Development Zone, Changzhou, CHN, 213100

Website

http://www.zrelectron.com

Changzhou Wujin Zhongrui Electronic Technology Co Ltd is engaged in research & development, manufacturing and sales of precision safety structural parts for cylindrical lithium batteries. Its product includes H structure combination cap, C structure combination cap, U structure combination cap, Z structure combination cap, Y structure combination cap and A structure combination cap.

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