Efort Intelligent Equipment Co (SHSE:688165) ROCE % : -3.59% (As of Mar. 2024)

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What is Efort Intelligent 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. Efort Intelligent Equipment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.59%.

Efort Intelligent Equipment Co ROCE % Historical Data

The historical data trend for Efort Intelligent 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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Efort Intelligent Equipment Co ROCE % Chart

Efort Intelligent Equipment Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.06

-8.18

-8.98

-9.55

-1.75

Efort Intelligent 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															-9.14	-4.57	1.86	4.32	-3.59

Efort Intelligent Equipment Co ROCE % Calculation

Efort Intelligent 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 )
	=	-36.633	/	( ( (3325.773 - 1310.593)	+	(3339.612 - 1176.261) )	/ 2 )
	=	-36.633	/	( (2015.18	+	2163.351)	/ 2 )
	=	-36.633	/	2089.2655
	=	-1.75 %

Efort Intelligent 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 )
	=	-80.32	/	( ( (3339.612 - 1176.261)	+	(3338.318 - 1029.788) )	/ 2 )
	=	-80.32	/	( ( 2163.351	+	2308.53 )	/ 2 )
	=	-80.32	/	2235.9405
	=	-3.59 %

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

Efort Intelligent Equipment Co (SHSE:688165) 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.

Efort Intelligent Equipment Co ROCE % Related Terms

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Efort Intelligent Equipment Co (SHSE:688165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Efort Intelligent Equipment Co Ltd (SHSE:688165) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 96 Wanchun East Road, Jiujiang Economic Development Zone, Anhui Province, Wuhu, CHN, 241000

Website

https://www.efort.com.cn

Efort Intelligent Equipment Co Ltd is engaged in production and sales of core components, complete machines and system integration of industrial robots. The company's products include EFORT Industrial Robots; and CMA Painting Robots used for palletizing; handling; polishing; welding; and spraying. Its products are used in various applications including innovative application; food industry; 3C electronics; home appliance; ceramic industry; automobile and components.

Efort Intelligent Equipment Co (SHSE:688165) Headlines

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