Changzhou Power Station Auxiliary Equipment Co (BJSE:871396) ROCE % : 10.98% (As of Mar. 2024)

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What is Changzhou Power Station Auxiliary Equipment 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 Power Station Auxiliary Equipment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.98%.

Changzhou Power Station Auxiliary Equipment Co ROCE % Historical Data

The historical data trend for Changzhou Power Station Auxiliary Equipment 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 Power Station Auxiliary Equipment Co ROCE % Chart

Changzhou Power Station Auxiliary Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.66

18.17

13.77

10.45

14.16

Changzhou Power Station Auxiliary Equipment Co 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															6.21	9.95	12.77	28.31	10.98

Changzhou Power Station Auxiliary Equipment Co ROCE % Calculation

Changzhou Power Station Auxiliary Equipment 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 )
	=	41.754	/	( ( (394.805 - 113.628)	+	(425.049 - 116.661) )	/ 2 )
	=	41.754	/	( (281.177	+	308.388)	/ 2 )
	=	41.754	/	294.7825
	=	14.16 %

Changzhou Power Station Auxiliary Equipment 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 )
	=	36.468	/	( ( (425.049 - 116.661)	+	(455.02 - 99.348) )	/ 2 )
	=	36.468	/	( ( 308.388	+	355.672 )	/ 2 )
	=	36.468	/	332.03
	=	10.98 %

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

Changzhou Power Station Auxiliary Equipment Co (BJSE:871396) 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.

Changzhou Power Station Auxiliary Equipment Co ROCE % Related Terms

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Changzhou Power Station Auxiliary Equipment Co (BJSE:871396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changzhou Power Station Auxiliary Equipment Co Ltd (BJSE:871396) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 8 Fengqi Road, Wujin High-tech Industrial Development Zone, Jiangsu Province, Changzhou City, CHN, 213164

Website

http://www.czcdf.cn

Changzhou Power Station Auxiliary Equipment Co Ltd engages in the research and development, production and sales of valve actuators. Its product offerings comprise Intelligent valve electric devices, nuclear power products, Integral valve electric device, Ordinary valve electric device, Flameproof valve electric devices, Valve manual devices, and pneumatic devices.

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