Zhejiang Akcome New Energy Technology Co (SZSE:002610) ROCE % : 0.49% (As of Sep. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Zhejiang Akcome New Energy Technology 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. Zhejiang Akcome New Energy Technology Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.49%.

Zhejiang Akcome New Energy Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Akcome New Energy Technology 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.

* Premium members only.

Zhejiang Akcome New Energy Technology Co ROCE % Chart

Zhejiang Akcome New Energy Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

7.42

-15.51

5.57

-5.17

-15.67

Zhejiang Akcome New Energy Technology Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-8.78	-51.17	9.55	7.68	0.49

Zhejiang Akcome New Energy Technology Co ROCE % Calculation

Zhejiang Akcome New Energy Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-697.344	/	( ( (9095.481 - 4141.93)	+	(11561.01 - 7613.019) )	/ 2 )
	=	-697.344	/	( (4953.551	+	3947.991)	/ 2 )
	=	-697.344	/	4450.771
	=	-15.67 %

Zhejiang Akcome New Energy Technology Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	18.332	/	( ( (11527.872 - 7770.458)	+	(11503.193 - 7748.807) )	/ 2 )
	=	18.332	/	( ( 3757.414	+	3754.386 )	/ 2 )
	=	18.332	/	3755.9
	=	0.49 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Zhejiang Akcome New Energy Technology Co (SZSE:002610) 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.

Zhejiang Akcome New Energy Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Zhejiang Akcome New Energy Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Akcome New Energy Technology Co (SZSE:002610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zhejiang Akcome New Energy Technology Co Ltd (SZSE:002610) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

West Jintang Road, Economic Development Zone of Zhangjiagang, Jiangsu Province, Zhangjiagang, CHN, 215600

Website

http://www.akcome.com

Zhejiang Akcome New Energy Technology Co Ltd Formerly Jiangsu Akcome Science & Technology Co Ltd is a Chinese technology-based company specialized in the investment and operation of power generated by new energy, and the one-stop provision of photovoltaic (PV) accessories. It offers products such as the solar framework, sectional material, modules, solar cell, aluminum framework of polar battery, PV installation rack and PV welding strip. In addition, the company is also involved in the online energy business. The company has a business presence in China and other countries.

Zhejiang Akcome New Energy Technology Co (SZSE:002610) Headlines

No Headlines