Newonder Special Electric Co (SZSE:301120) ROCE % : 0.43% (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Newonder Special Electric 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. Newonder Special Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.43%.

Newonder Special Electric Co ROCE % Historical Data

The historical data trend for Newonder Special Electric 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.

* Premium members only.

Newonder Special Electric Co ROCE % Chart

Newonder Special Electric Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

12.07

14.39

13.40

9.43

4.45

Newonder Special Electric Co Quarterly Data
	Mar19	Jun19	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															4.12	9.95	0.57	3.08	0.43

Newonder Special Electric Co ROCE % Calculation

Newonder Special Electric 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 )
	=	70.436	/	( ( (1672.16 - 110.785)	+	(1668.518 - 66.535) )	/ 2 )
	=	70.436	/	( (1561.375	+	1601.983)	/ 2 )
	=	70.436	/	1581.679
	=	4.45 %

Newonder Special Electric 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 )
	=	6.924	/	( ( (1668.518 - 66.535)	+	(1663.846 - 72.602) )	/ 2 )
	=	6.924	/	( ( 1601.983	+	1591.244 )	/ 2 )
	=	6.924	/	1596.6135
	=	0.43 %

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

Newonder Special Electric Co (SZSE:301120) 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.

Newonder Special Electric Co ROCE % Related Terms

Thank you for viewing the detailed overview of Newonder Special Electric Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Newonder Special Electric Co (SZSE:301120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Newonder Special Electric Co Ltd (SZSE:301120) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yard 1, Lize Middle Road, Office A801, 8th Floor, Building 2, Chaoyang District, Beijing, CHN, 065201

Website

http://www.xinhuadu.com.cn

Newonder Special Electric Co Ltd is engaged in research and development, production and sales of various special transformers and reactors with frequency conversion transformers as the core and sales of supporting products.

Executives

Su Jing

Supervisors

Newonder Special Electric Co (SZSE:301120) Headlines

No Headlines