Xi'an Typical Industries Co (SHSE:600302) ROCE % : -8.28% (As of Mar. 2024)

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What is Xi'an Typical Industries 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. Xi'an Typical Industries Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -8.28%.

Xi'an Typical Industries Co ROCE % Historical Data

The historical data trend for Xi'an Typical Industries 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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Xi'an Typical Industries Co ROCE % Chart

Xi'an Typical Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.67

12.51

-5.96

-9.81

-20.21

Xi'an Typical Industries 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															-1.80	-23.61	-10.80	-44.72	-8.28

Xi'an Typical Industries Co ROCE % Calculation

Xi'an Typical Industries 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 )
	=	-199.656	/	( ( (1544.044 - 446.792)	+	(1310.609 - 432.529) )	/ 2 )
	=	-199.656	/	( (1097.252	+	878.08)	/ 2 )
	=	-199.656	/	987.666
	=	-20.21 %

Xi'an Typical Industries 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 )
	=	-72.048	/	( ( (1310.609 - 432.529)	+	(1294.314 - 432.398) )	/ 2 )
	=	-72.048	/	( ( 878.08	+	861.916 )	/ 2 )
	=	-72.048	/	869.998
	=	-8.28 %

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

Xi'an Typical Industries Co (SHSE:600302) 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.

Xi'an Typical Industries Co ROCE % Related Terms

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Xi'an Typical Industries Co (SHSE:600302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xi'an Typical Industries Co Ltd (SHSE:600302) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 335 Taibai Road, Xi'an, Shanxi, CHN, 710068

Website

http://www.chinatypical.com

Xi'an Typical Industries Co Ltd manufactures and supplies precision machinery. The company is mainly engaged in the research and development, manufacturing and marketing of a full range of sewing equipment, providing products and services for apparel, shoes and hats, luggage, furniture, home improvement, automotive and other fields.

Executives

Chen Jin Shan	Director
Deng Bin	senior management
Zhao Xu	Director
Zhu Yin	Director
Zheng Xuan	senior management
Huang Wei	senior management
Yu Shou Qi	senior management
Yuan Zeng Sheng	senior management
Geng Li Ping	Director

Xi'an Typical Industries Co (SHSE:600302) Headlines

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