Gome Telecom Equipment Co (SHSE:600898) ROCE % : -479.37% (As of Sep. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Gome Telecom Equipment 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. Gome Telecom Equipment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -479.37%.

Gome Telecom Equipment Co ROCE % Historical Data

The historical data trend for Gome Telecom Equipment 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.

* Premium members only.

Gome Telecom Equipment Co ROCE % Chart

Gome Telecom Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-766.11

-162.39

-16.17

-37.57

-105.41

Gome Telecom Equipment Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-51.45	-314.09	-123.35	-216.30	-479.37

Gome Telecom Equipment Co ROCE % Calculation

Gome Telecom Equipment 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 )
	=	-114.248	/	( ( (408.874 - 237.777)	+	(252.268 - 206.6) )	/ 2 )
	=	-114.248	/	( (171.097	+	45.668)	/ 2 )
	=	-114.248	/	108.3825
	=	-105.41 %

Gome Telecom Equipment Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-34.932	/	( ( (239.021 - 226.842)	+	(251.511 - 249.116) )	/ 2 )
	=	-34.932	/	( ( 12.179	+	2.395 )	/ 2 )
	=	-34.932	/	7.287
	=	-479.37 %

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

Gome Telecom Equipment Co (SHSE:600898) 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.

Gome Telecom Equipment Co ROCE % Related Terms

Thank you for viewing the detailed overview of Gome Telecom Equipment Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Gome Telecom Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gome Telecom Equipment Co (SHSE:600898) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 12 Baotuquan North Road, Lixia District, Shandong Province, Jinan, CHN, 250011

Website

http://www.gometech.com.cn

Gome Telecom Equipment Co is a China-based company. Its main business activities include the development, production, and sales of intelligent mobile terminals, communications, and other electronic equipment manufacturing. Products offered by the company include private-label mobile phones, original design manufacturer (ODM) mobile communication devices and ODM mobile communication motherboards. The company also design, produce and sell mobile phones under its brand Gome mobile phones.

Executives

Sha Xiang

senior management

Gome Telecom Equipment Co Headlines

No Headlines