Guangzhou Pearl River Piano Group Co (SZSE:002678) ROCE % : -2.04% (As of Mar. 2024)

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What is Guangzhou Pearl River Piano Group 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. Guangzhou Pearl River Piano Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.04%.

Guangzhou Pearl River Piano Group Co ROCE % Historical Data

The historical data trend for Guangzhou Pearl River Piano Group 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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Guangzhou Pearl River Piano Group Co ROCE % Chart

Guangzhou Pearl River Piano Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.49

5.92

6.41

4.04

0.54

Guangzhou Pearl River Piano Group 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															3.71	-0.33	-1.64	0.38	-2.04

Guangzhou Pearl River Piano Group Co ROCE % Calculation

Guangzhou Pearl River Piano Group 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 )
	=	20.773	/	( ( (5117.953 - 1239.736)	+	(4556.72 - 737.022) )	/ 2 )
	=	20.773	/	( (3878.217	+	3819.698)	/ 2 )
	=	20.773	/	3848.9575
	=	0.54 %

Guangzhou Pearl River Piano Group 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 )
	=	-77.632	/	( ( (4556.72 - 737.022)	+	(4321.519 - 533.624) )	/ 2 )
	=	-77.632	/	( ( 3819.698	+	3787.895 )	/ 2 )
	=	-77.632	/	3803.7965
	=	-2.04 %

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

Guangzhou Pearl River Piano Group Co (SZSE:002678) 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.

Guangzhou Pearl River Piano Group Co ROCE % Related Terms

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Guangzhou Pearl River Piano Group Co (SZSE:002678) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Guangzhou Pearl River Piano Group Co Ltd (SZSE:002678) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Yu Wei Xi Road, South Hua Di Da Dao, Li Wan, Guangzhou, CHN, 510388

Website

http://www.pearlriverpiano.com

Guangzhou Pearl River Piano Group Co Ltd is an independent Chinese musical instrument manufacturing company. It primarily manufactures and sales pianos in China. The company also exports its products to approximately 100 countries and regions. It offers pianos under the Kayserburg, Ritmuller and Pearl River brand names.

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