Guomai Technologies (SZSE:002093) ROCE % : 7.60% (As of Mar. 2024)

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What is Guomai Technologies 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. Guomai Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.60%.

Guomai Technologies ROCE % Historical Data

The historical data trend for Guomai Technologies'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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Guomai Technologies ROCE % Chart

Guomai Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.92

3.03

3.24

2.16

3.64

Guomai Technologies 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															5.60	2.18	4.57	2.19	7.60

Guomai Technologies ROCE % Calculation

Guomai Technologies'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 )
	=	135.101	/	( ( (4330.721 - 656.297)	+	(4426.27 - 669.341) )	/ 2 )
	=	135.101	/	( (3674.424	+	3756.929)	/ 2 )
	=	135.101	/	3715.6765
	=	3.64 %

Guomai Technologies'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 )
	=	291.448	/	( ( (4426.27 - 669.341)	+	(4382.177 - 468.712) )	/ 2 )
	=	291.448	/	( ( 3756.929	+	3913.465 )	/ 2 )
	=	291.448	/	3835.197
	=	7.60 %

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

Guomai Technologies (SZSE:002093) 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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Guomai Technologies (SZSE:002093) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Guomai Technologies Inc (SZSE:002093) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 116 Jiangbin East Street, Mawei District, Fuzhou, Fujian, CHN, 350015

Website

http://www.guomaitech.com

Guomai Technologies Inc provides information and communications technology outsourcing services in China.

Executives

Wang Long Cun	Directors, executives
Chen Xue Hua	Directors, executives
Cheng Wei Xi	Directors, Directors, and Executives
Ceng Jian Yi	Supervisors
Zhou Qiang	Supervisors
Zhang Gen Da	Director
Liu Jian Sheng	Executives
Sui Rong Hua	Director
Lv Xiang Xi	Independent director
Jin Da Ming	Executives
Bi Zhen Dong	Director
Cheng Jiong	Executives

Guomai Technologies (SZSE:002093) Headlines

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