Weichai Heavy Machinery Co (SZSE:000880) ROCE % : 2.61% (As of Mar. 2024)

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What is Weichai Heavy Machinery 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. Weichai Heavy Machinery Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.61%.

Weichai Heavy Machinery Co ROCE % Historical Data

The historical data trend for Weichai Heavy Machinery 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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Weichai Heavy Machinery Co ROCE % Chart

Weichai Heavy Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.52

5.11

1.30

3.99

3.08

Weichai Heavy Machinery 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															1.14	8.40	4.53	-1.71	2.61

Weichai Heavy Machinery Co ROCE % Calculation

Weichai Heavy Machinery 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 )
	=	68.007	/	( ( (5093.615 - 2942.459)	+	(5432.648 - 3172.566) )	/ 2 )
	=	68.007	/	( (2151.156	+	2260.082)	/ 2 )
	=	68.007	/	2205.619
	=	3.08 %

Weichai Heavy Machinery 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 )
	=	59.268	/	( ( (5432.648 - 3172.566)	+	(5472.279 - 3194.743) )	/ 2 )
	=	59.268	/	( ( 2260.082	+	2277.536 )	/ 2 )
	=	59.268	/	2268.809
	=	2.61 %

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

Weichai Heavy Machinery Co (SZSE:000880) 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.

Weichai Heavy Machinery Co ROCE % Related Terms

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Weichai Heavy Machinery Co (SZSE:000880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weichai Heavy Machinery Co Ltd (SZSE:000880) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 26 Minsheng East Street, Shandong Province, Weifang, CHN, 261001

Website

http://www.weichaihm.com

Weichai Heavy Machinery Co Ltd is a China-based company engaged in developing, manufacturing and selling marine power and power generating units. Its product portfolio includes medium-speed diesel engines, power generating sets, powertrain system for marine power, generating device market, diesel engine parts and marine gearbox parts. The company provides core power and complete solutions to the global shipping and energy electricity market.

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