Chongqing Chuanyi Automation Co (SHSE:603100) ROCE % : 14.57% (As of Mar. 2024)

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What is Chongqing Chuanyi Automation 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. Chongqing Chuanyi Automation Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.57%.

Chongqing Chuanyi Automation Co ROCE % Historical Data

The historical data trend for Chongqing Chuanyi Automation 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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Chongqing Chuanyi Automation Co ROCE % Chart

Chongqing Chuanyi Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.66

15.94

19.21

17.74

19.97

Chongqing Chuanyi Automation 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															15.32	23.27	19.37	20.93	14.57

Chongqing Chuanyi Automation Co ROCE % Calculation

Chongqing Chuanyi Automation 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 )
	=	831.42	/	( ( (7456.369 - 3533.177)	+	(8319.849 - 3917.932) )	/ 2 )
	=	831.42	/	( (3923.192	+	4401.917)	/ 2 )
	=	831.42	/	4162.5545
	=	19.97 %

Chongqing Chuanyi Automation 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 )
	=	651.836	/	( ( (8319.849 - 3917.932)	+	(8088.77 - 3544.155) )	/ 2 )
	=	651.836	/	( ( 4401.917	+	4544.615 )	/ 2 )
	=	651.836	/	4473.266
	=	14.57 %

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

Chongqing Chuanyi Automation Co (SHSE:603100) 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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Chongqing Chuanyi Automation Co (SHSE:603100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Chuanyi Automation Co Ltd (SHSE:603100) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 61 Huangshan Road, New North Zone, Chongqing, CHN, 401121

Website

http://www.cqcy.com

Chongqing Chuanyi Automation Co Ltd is an industrial auto-control system and device manufacturer. It focuses on the businesses of research and development, manufacturing, marketing, technical solution and service for industrial auto-control system and device and engineering integration. The company's single product mainly contains a smart transmitter, an intelligent control valve, an intelligent actuator, smart flow meter, temperature instrument, control instrument, and analyzer.

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