Zhejiangnfer Electric Co (SHSE:605336) ROCE % : 2.49% (As of Mar. 2024)

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What is Zhejiangnfer Electric 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. Zhejiangnfer Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.49%.

Zhejiangnfer Electric Co ROCE % Historical Data

The historical data trend for Zhejiangnfer Electric 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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Zhejiangnfer Electric Co ROCE % Chart

Zhejiangnfer Electric Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.28

17.17

13.72

10.34

8.74

Zhejiangnfer Electric 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															7.21	15.03	3.35	9.54	2.49

Zhejiangnfer Electric Co ROCE % Calculation

Zhejiangnfer Electric 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 )
	=	171.658	/	( ( (2280.193 - 343.819)	+	(2318.381 - 328.234) )	/ 2 )
	=	171.658	/	( (1936.374	+	1990.147)	/ 2 )
	=	171.658	/	1963.2605
	=	8.74 %

Zhejiangnfer Electric 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 )
	=	49.868	/	( ( (2318.381 - 328.234)	+	(2259.129 - 249.96) )	/ 2 )
	=	49.868	/	( ( 1990.147	+	2009.169 )	/ 2 )
	=	49.868	/	1999.658
	=	2.49 %

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

Zhejiangnfer Electric Co (SHSE:605336) 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.

Zhejiangnfer Electric Co ROCE % Related Terms

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Zhejiangnfer Electric Co (SHSE:605336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhejiang Sanfer Electric Co Ltd (SHSE:605336) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Chengdong District, Economic Development Zone, Shengzhou City, Zhejiang Province, Shaoxing, CHN, 312400

Website

http://www.sanfer.com

Zhejiang Sanfer Electric Co Ltd is engaged in design, production and sales of modern new kitchen appliances with integrated stove. The company's technologies include three-burner fire flames, removable and washable invention patents, and DC inverter motors. The product line covers integrated stoves, integrated sinks, dishwashers, and integrated cabinets.

Executives

Ding Han Zhong	Director
Wang Zhong Jie	senior management
Chen Wei	senior management

Zhejiangnfer Electric Co (SHSE:605336) Headlines

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