Wanxiang Qianchao Co (SZSE:000559) ROCE % : 12.72% (As of Mar. 2024)

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What is Wanxiang Qianchao 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. Wanxiang Qianchao Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.72%.

Wanxiang Qianchao Co ROCE % Historical Data

The historical data trend for Wanxiang Qianchao 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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Wanxiang Qianchao Co ROCE % Chart

Wanxiang Qianchao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.78

6.85

8.44

9.35

10.60

Wanxiang Qianchao 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															11.73	9.36	9.97	13.43	12.72

Wanxiang Qianchao Co ROCE % Calculation

Wanxiang Qianchao 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 )
	=	1115.068	/	( ( (19188.368 - 8378.621)	+	(20890.473 - 10661.116) )	/ 2 )
	=	1115.068	/	( (10809.747	+	10229.357)	/ 2 )
	=	1115.068	/	10519.552
	=	10.60 %

Wanxiang Qianchao 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 )
	=	1362.964	/	( ( (20890.473 - 10661.116)	+	(20814.814 - 9617.389) )	/ 2 )
	=	1362.964	/	( ( 10229.357	+	11197.425 )	/ 2 )
	=	1362.964	/	10713.391
	=	12.72 %

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

Wanxiang Qianchao Co (SZSE:000559) 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.

Wanxiang Qianchao Co ROCE % Related Terms

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Wanxiang Qianchao Co (SZSE:000559) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wanxiang Qianchao Co Ltd (SZSE:000559) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wanxiang Road, Economic and Technology Development Zone, Xiaoshan District, Zhejiang Province, Hangzhou, CHN, 311215

Website

http://www.wxqc.com.cn

Wanxiang Qianchao Co Ltd is a China-based company mainly engaged in the production and distribution of automobile parts. It offers products ranging from parts to components to system integration, production specialization, product serialization, and supply modularity. The products include universal joints, wheel hub units, bearings, car chassis and the suspension system, brake system, transmission system, exhaust system, fuel tank, engineering machinery parts and other automotive system components and assemblies.

Executives

Tang Jiang Ping	Executives
Wei Jun Yong	Director
Qiu Bao Xiang	Supervisors
Lu Guan Qiu	Director
Zhang Shou Guo	Director
Pan Wen Biao	Director
Shen Hua Chuan	Director
Shen Ren Quan	Director

Wanxiang Qianchao Co (SZSE:000559) Headlines

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