Xinlei Compressor Co (SZSE:301317) ROCE % : 3.55% (As of Mar. 2024)

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What is Xinlei Compressor 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. Xinlei Compressor Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.55%.

Xinlei Compressor Co ROCE % Historical Data

The historical data trend for Xinlei Compressor 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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Xinlei Compressor Co ROCE % Chart

Xinlei Compressor Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.14

19.19

14.85

22.54

7.15

Xinlei Compressor Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												7.51	6.22	-3.51	13.07	3.55

Xinlei Compressor Co ROCE % Calculation

Xinlei Compressor 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 )
	=	65.934	/	( ( (745.585 - 331.873)	+	(2274.422 - 843.174) )	/ 2 )
	=	65.934	/	( (413.712	+	1431.248)	/ 2 )
	=	65.934	/	922.48
	=	7.15 %

Xinlei Compressor 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 )
	=	49.56	/	( ( (2274.422 - 843.174)	+	(2072.505 - 710.003) )	/ 2 )
	=	49.56	/	( ( 1431.248	+	1362.502 )	/ 2 )
	=	49.56	/	1396.875
	=	3.55 %

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

Xinlei Compressor Co (SZSE:301317) 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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Xinlei Compressor Co (SZSE:301317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xinlei Compressor Co Ltd (SZSE:301317) » Definitions » ROCE %

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Address

Chengxi Industrial Park, Wenling City, Zhejiang Province, Taizhou, CHN, 317500

Website

https://www.xinlei.com

Xinlei Compressor Co Ltd is an air compressor manufacturer specializing in research and development, manufacturing, sales and service of air compressors.

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