Guangdong Create Century Intelligent Equipment Group (SZSE:300083) ROCE % : 6.09% (As of Mar. 2024)

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What is Guangdong Create Century Intelligent Equipment Group 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. Guangdong Create Century Intelligent Equipment Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.09%.

Guangdong Create Century Intelligent Equipment Group ROCE % Historical Data

The historical data trend for Guangdong Create Century Intelligent Equipment Group'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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Guangdong Create Century Intelligent Equipment Group ROCE % Chart

Guangdong Create Century Intelligent Equipment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.74

-16.02

21.81

10.90

3.97

Guangdong Create Century Intelligent Equipment Group 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															11.54	6.54	-1.96	-0.49	6.09

Guangdong Create Century Intelligent Equipment Group ROCE % Calculation

Guangdong Create Century Intelligent Equipment Group'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 )
	=	226.783	/	( ( (8803.536 - 3139.886)	+	(8439.21 - 2678.845) )	/ 2 )
	=	226.783	/	( (5663.65	+	5760.365)	/ 2 )
	=	226.783	/	5712.0075
	=	3.97 %

Guangdong Create Century Intelligent Equipment Group'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 )
	=	356.348	/	( ( (8439.21 - 2678.845)	+	(9444.022 - 3501.176) )	/ 2 )
	=	356.348	/	( ( 5760.365	+	5942.846 )	/ 2 )
	=	356.348	/	5851.6055
	=	6.09 %

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

Guangdong Create Century Intelligent Equipment Group (SZSE:300083) 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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Guangdong Create Century Intelligent Equipment Group (SZSE:300083) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Create Century Intelligent Equipment Group Corp Ltd (SZSE:300083) » Definitions » ROCE %

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Address

Weifeng Road, Jinsheng Intelligent Manufacturing Industrial Park, Administrative Office Building, Dongcheng District, Guangdong Province, Dongguan, CHN, 523007

Website

http://www.januscn.com

Guangdong Create Century Intelligent Equipment Corp Ltd is engaged in research and development, production, sales and service of high-end intelligent equipment, with a complete range of CNC machine tools, including drilling and tapping machines, vertical machining centers, horizontal machining centers, gantry machining centers, CNC lathes, engraving and milling machines, and glass Series of precision processing equipment such as precision engraving machines, high-light machines, laser cutting machines. It is widely used in the processing of core components in the 5G industry chain, 3C consumer electronics, machinery manufacturing, medical equipment, new energy vehicles, auto parts, construction machinery and other fields.

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