Shanghai Xinpeng Industrial Co (SZSE:002328) ROCE % : 9.91% (As of Mar. 2024)

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What is Shanghai Xinpeng Industrial 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. Shanghai Xinpeng Industrial Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.91%.

Shanghai Xinpeng Industrial Co ROCE % Historical Data

The historical data trend for Shanghai Xinpeng Industrial 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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Shanghai Xinpeng Industrial Co ROCE % Chart

Shanghai Xinpeng Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.06

8.24

16.90

13.72

9.70

Shanghai Xinpeng Industrial 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															9.74	19.25	6.29	3.84	9.91

Shanghai Xinpeng Industrial Co ROCE % Calculation

Shanghai Xinpeng Industrial 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 )
	=	392.409	/	( ( (5801.953 - 1956.403)	+	(6009.866 - 1763.493) )	/ 2 )
	=	392.409	/	( (3845.55	+	4246.373)	/ 2 )
	=	392.409	/	4045.9615
	=	9.70 %

Shanghai Xinpeng Industrial 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 )
	=	424.92	/	( ( (6009.866 - 1763.493)	+	(6119.093 - 1793.135) )	/ 2 )
	=	424.92	/	( ( 4246.373	+	4325.958 )	/ 2 )
	=	424.92	/	4286.1655
	=	9.91 %

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

Shanghai Xinpeng Industrial Co (SZSE:002328) 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.

Shanghai Xinpeng Industrial Co ROCE % Related Terms

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Shanghai Xinpeng Industrial Co (SZSE:002328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Xinpeng Industrial Co Ltd (SZSE:002328) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1698 Hualong Road, Qingpu District, Huaxin Town, Shanghai, CHN, 201708

Website

http://www.xinpeng.com

Shanghai Xinpeng Industrial Co Ltd is engaged as manufacturer of metal parts for electromechanical products. The activities of the company include precision stamping, continuous stamping, laser cutting, robot welding, electrophoresis processing, and power coating processing.

Executives

Song Lin	Director
Xu Ji Kun	Director
Li Wen Jun	Secretary Dong
Shen Xiao Qing	Director
Zhang Wei Xin	Supervisors
Shao Hai Jian	Director
Shi Ji Ping	Directors, executives
Wang Yun Zhou	Supervisors
Zhao Gang	Supervisors
Song Bo Kang	Director
Xiao Zhang Chun	Directors, executives
Wang Pei Yi	Directors, executives
Zhang Yong Ren	Executives

Shanghai Xinpeng Industrial Co (SZSE:002328) Headlines

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