Wuxi Fangsheng Heat Exchanger (BJSE:832662) ROCE % : 8.46% (As of Mar. 2024)

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What is Wuxi Fangsheng Heat Exchanger 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. Wuxi Fangsheng Heat Exchanger's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.46%.

Wuxi Fangsheng Heat Exchanger ROCE % Historical Data

The historical data trend for Wuxi Fangsheng Heat Exchanger'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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Wuxi Fangsheng Heat Exchanger ROCE % Chart

Wuxi Fangsheng Heat Exchanger Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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38.03

32.96

23.48

18.60

16.43

Wuxi Fangsheng Heat Exchanger Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															18.08	21.29	19.19	7.79	8.46

Wuxi Fangsheng Heat Exchanger ROCE % Calculation

Wuxi Fangsheng Heat Exchanger'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 )
	=	71.884	/	( ( (557.77 - 143.965)	+	(581.713 - 120.626) )	/ 2 )
	=	71.884	/	( (413.805	+	461.087)	/ 2 )
	=	71.884	/	437.446
	=	16.43 %

Wuxi Fangsheng Heat Exchanger'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 )
	=	39.316	/	( ( (581.713 - 120.626)	+	(562.363 - 94.138) )	/ 2 )
	=	39.316	/	( ( 461.087	+	468.225 )	/ 2 )
	=	39.316	/	464.656
	=	8.46 %

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

Wuxi Fangsheng Heat Exchanger (BJSE:832662) 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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Wuxi Fangsheng Heat Exchanger (BJSE:832662) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Fangsheng Heat Exchanger Corp Ltd (BJSE:832662) » Definitions » ROCE %

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Address

30, Changkang Road, Mashan No. 5 Bridge, Binhu District, Jiangsu Province, Wuxi City, CHN, 214092

Website

http://www.fscoolers.com

Wuxi Fangsheng Heat Exchanger Corp Ltd engages in research and development, design, production, and sales of plate-fin heat exchangers and heat exchange systems. Its Heat Exchangers are widely applied in many fields such as construction machinery, new energy system, and rail transit.

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