Zhejiang Dun'An Artificial Environment Co (SZSE:002011) ROCE % : 19.25% (As of Mar. 2024)

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What is Zhejiang Dun'An Artificial Environment 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 Dun'An Artificial Environment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.25%.

Zhejiang Dun'An Artificial Environment Co ROCE % Historical Data

The historical data trend for Zhejiang Dun'An Artificial Environment 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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Zhejiang Dun'An Artificial Environment Co ROCE % Chart

Zhejiang Dun'An Artificial Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.92

-27.60

28.44

32.58

19.84

Zhejiang Dun'An Artificial Environment 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															20.20	21.19	23.59	19.87	19.25

Zhejiang Dun'An Artificial Environment Co ROCE % Calculation

Zhejiang Dun'An Artificial Environment 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 )
	=	925.558	/	( ( (8327.98 - 4282.137)	+	(10782.98 - 5498.949) )	/ 2 )
	=	925.558	/	( (4045.843	+	5284.031)	/ 2 )
	=	925.558	/	4664.937
	=	19.84 %

Zhejiang Dun'An Artificial Environment 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 )
	=	1033.924	/	( ( (10782.98 - 5498.949)	+	(10769.227 - 5310.027) )	/ 2 )
	=	1033.924	/	( ( 5284.031	+	5459.2 )	/ 2 )
	=	1033.924	/	5371.6155
	=	19.25 %

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

Zhejiang Dun'An Artificial Environment Co (SZSE:002011) 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.

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Zhejiang Dun'An Artificial Environment Co (SZSE:002011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Dun'An Artificial Environment Co Ltd (SZSE:002011) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Diankou Industrial Zone, Zhejiang Province, Zhuji, CHN, 310051

Website

http://www.dunan.net

Zhejiang Dun'An Artificial Environment Co Ltd is engaged in the manufacture and distribution of refrigeration auto control components and related products in China. It also provides integration of terminal equipment and renewable energy.

Executives

Xu Zhi Yang	Supervisors
Shen Wei Wu	Supervisors
Jin Xiao Feng	Director
Wang Xin	Independent director
Fan Gao Ding	Independent director
Ge Ya Fei	Director
Ni Hong Ru	Supervisors
Zhou Cai Liang	Director
Wang Jing	Securities Affairs Representative
He Xiao Mei	Executives, executives
Jiang Ting Hou	Executives, directors
Yu Bo	Directors, executives

Zhejiang Dun'An Artificial Environment Co (SZSE:002011) Headlines

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