Zhejiang EV-Tech Co (SZSE:301607) ROCE % : 11.76% (As of Sep. 2024)

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What is Zhejiang EV-Tech 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. Zhejiang EV-Tech Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.76%.

Zhejiang EV-Tech Co ROCE % Historical Data

The historical data trend for Zhejiang EV-Tech 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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Zhejiang EV-Tech Co ROCE % Chart

Zhejiang EV-Tech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-66.65

-19.36

20.65

18.00

16.91

Zhejiang EV-Tech Co Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial					-	24.64	1.55	-	11.76

Zhejiang EV-Tech Co ROCE % Calculation

Zhejiang EV-Tech 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 )
	=	100.436	/	( ( (1535.055 - 970.927)	+	(1640.508 - 1016.948) )	/ 2 )
	=	100.436	/	( (564.128	+	623.56)	/ 2 )
	=	100.436	/	593.844
	=	16.91 %

Zhejiang EV-Tech 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 )
	=	101.416	/	( ( (1447.429 - 756.596)	+	(1972.654 - 938.415) )	/ 2 )
	=	101.416	/	( ( 690.833	+	1034.239 )	/ 2 )
	=	101.416	/	862.536
	=	11.76 %

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

Zhejiang EV-Tech Co (SZSE:301607) 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.

Zhejiang EV-Tech Co ROCE % Related Terms

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Zhejiang EV-Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang EV-Tech Co Ltd (SZSE:301607) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 505, Wenchang Road, Dipu Street, Zhejiang Province, Anji County, Huzhou, CHN, 313300

Website

http://www.zjevt.com

Zhejiang EV-Tech Co Ltd is a national high-tech enterprise focusing on core components of new energy vehicles, and the main supplier of on-board chargers and on-board DC/DC converters for new energy vehicles. Its production base is located in Anji County, Huzhou City, and its R&D center lies in West Lake District, Hangzhou City.

Zhejiang EV-Tech Co Headlines

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