VT Industrial Technology Co (SZSE:300707) ROCE % : 8.25% (As of Mar. 2024)

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What is VT Industrial 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. VT Industrial Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.25%.

VT Industrial Technology Co ROCE % Historical Data

The historical data trend for VT Industrial 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.

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VT Industrial Technology Co ROCE % Chart

VT Industrial Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.89

4.68

5.69

6.93

3.65

VT Industrial Technology 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															1.99	7.14	3.54	3.44	8.25

VT Industrial Technology Co ROCE % Calculation

VT Industrial Technology 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 )
	=	50.576	/	( ( (1487.639 - 283.784)	+	(1980.136 - 412.406) )	/ 2 )
	=	50.576	/	( (1203.855	+	1567.73)	/ 2 )
	=	50.576	/	1385.7925
	=	3.65 %

VT Industrial Technology 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 )
	=	128.848	/	( ( (1980.136 - 412.406)	+	(1880.596 - 324.024) )	/ 2 )
	=	128.848	/	( ( 1567.73	+	1556.572 )	/ 2 )
	=	128.848	/	1562.151
	=	8.25 %

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

VT Industrial Technology Co (SZSE:300707) 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.

VT Industrial Technology Co ROCE % Related Terms

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VT Industrial Technology Co (SZSE:300707) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » VT Industrial Technology Co Ltd (SZSE:300707) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 32 Jianhong Road, Hongshan Street, New District, Jiangsu Province, Wuxi, CHN, 214145

Website

http://www.vt-ind.com

VT Industrial Technology Co Ltd is the stamping dies supplier in the automotive industry. It is engaged in the design, research and development, manufacturing and sales of automotive stamping die, mainly for automakers and component manufacturers worldwide. At the same time, the company provides automotive stamping products to customers based on its own stamping die. Its product offering includes an exhaust system, instrumental panel, door components, seat component, multiphase steel, tailor rolled and welded steel.

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