Goneo Group Co (SHSE:603195) ROCE %

: 36.52% (As of Sep. 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. Goneo Group Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 36.52%.

Goneo Group Co ROCE % Historical Data

The historical data trend for Goneo 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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Goneo Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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80.73

60.77

36.93

33.24

32.37

Goneo Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															36.17	31.53	27.15	40.23	36.52

Goneo Group Co ROCE % Calculation

Goneo Group Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	3790.381	/	( ( (15473.905 - 4616.658)	+	(16650.497 - 4085.645) )	/ 2 )
	=	3790.381	/	( (10857.247	+	12564.852)	/ 2 )
	=	3790.381	/	11711.0495
	=	32.37 %

Goneo Group Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	4785.368	/	( ( (17675.782 - 5096.555)	+	(18710.415 - 5084.648) )	/ 2 )
	=	4785.368	/	( ( 12579.227	+	13625.767 )	/ 2 )
	=	4785.368	/	13102.497
	=	36.52 %

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

Goneo Group Co (SHSE:603195) 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.

Goneo Group Co ROCE % Related Terms

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Goneo Group Co (SHSE:603195) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goneo Group Co Ltd (SHSE:603195) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 32 Sanhai Road, East Guanhaiwei Industrial Zone, Guanhaiwei Town, Zhejiang Province, Cixi, CHN, 315314

Website

http://www.gongniu.cn

Gongniu Group Co Ltd is engaged in the research, development, manufacture, and sale of civil electrical products such as extended line sockets, wall switches, LED lighting, and digital accessories. The company's products include Power Strips, High-end Power Strip, USB Power Strip, Digital Accessories, Decorative Switch Socket, and Eye-care LED Light.

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