Ning Xia Yin Xing Energy Co (SZSE:000862) ROCE % : 5.64% (As of Mar. 2024)

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What is Ning Xia Yin Xing Energy 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. Ning Xia Yin Xing Energy Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.64%.

Ning Xia Yin Xing Energy Co ROCE % Historical Data

The historical data trend for Ning Xia Yin Xing Energy 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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Ning Xia Yin Xing Energy Co ROCE % Chart

Ning Xia Yin Xing Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.39

4.65

5.91

7.13

5.78

Ning Xia Yin Xing Energy 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															9.05	11.89	6.61	-1.20	5.64

Ning Xia Yin Xing Energy Co ROCE % Calculation

Ning Xia Yin Xing Energy 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 )
	=	362.44	/	( ( (8969.021 - 2841.623)	+	(9536.089 - 3126.856) )	/ 2 )
	=	362.44	/	( (6127.398	+	6409.233)	/ 2 )
	=	362.44	/	6268.3155
	=	5.78 %

Ning Xia Yin Xing Energy 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 )
	=	360.624	/	( ( (9536.089 - 3126.856)	+	(9474.242 - 3096.025) )	/ 2 )
	=	360.624	/	( ( 6409.233	+	6378.217 )	/ 2 )
	=	360.624	/	6393.725
	=	5.64 %

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

Ning Xia Yin Xing Energy Co (SZSE:000862) 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.

Ning Xia Yin Xing Energy Co ROCE % Related Terms

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Ning Xia Yin Xing Energy Co (SZSE:000862) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ning Xia Yin Xing Energy Co Ltd (SZSE:000862) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No.166, Liupanshan West Road, Xixia District, Ningxia, Wuzhong, CHN, 750021

Website

http://www.nxyxny.com.cn

Ning Xia Yin Xing Energy Co Ltd is a China-based company engaged in the energy equipment manufacturing. The company operates through two business divisions including renewable energy generation and renewable energy equipment manufacturing. The renewable energy equipment manufacturing consists of wind power equipment manufacturing and solar photovoltaic power equipment manufacturing. The company is engaged in renewable energy generation through its wind farms located at china. It also offers products for renewable energy equipment manufacturing including photovoltaic cells, photovoltaic modules, wind tower, wind power gearbox, and wind turbine.

Executives

Zhu Huai Wen

Executives

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