GD Power Development Co (SHSE:600795) ROCE %

: 4.63% (As of Dec. 2023)

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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. GD Power Development Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.63%.

GD Power Development Co ROCE % Historical Data

The historical data trend for GD Power Development 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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GD Power Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

6.23

7.94

2.37

6.30

7.39

GD Power Development Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-1.09	6.61	8.06	10.38	4.63

GD Power Development Co ROCE % Calculation

GD Power Development 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 )
	=	22460.694	/	( ( (414919.436 - 121762.218)	+	(457899.347 - 143020.057) )	/ 2 )
	=	22460.694	/	( (293157.218	+	314879.29)	/ 2 )
	=	22460.694	/	304018.254
	=	7.39 %

GD Power Development Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	14396.304	/	( ( (440883.285 - 134475.042)	+	(457899.347 - 143020.057) )	/ 2 )
	=	14396.304	/	( ( 306408.243	+	314879.29 )	/ 2 )
	=	14396.304	/	310643.7665
	=	4.63 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

GD Power Development Co (SHSE:600795) 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.

GD Power Development Co ROCE % Related Terms

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GD Power Development Co (SHSE:600795) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GD Power Development Co Ltd (SHSE:600795) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

An Hui North Park, Building 19, Chaoyang District, Beijing, CHN, 100101

Website

http://www.600795.com.cn

GD Power Development Co Ltd is a China-based company engaged in power generation and related businesses. Its businesses include thermal power generation, hydroelectric generation, wind power generation and solar power generation, among others. It also sells thermal products, chemical products, and coal products, among others. The company mainly operates businesses in the domestic market.

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