Hefei GaoCo Technology Co (BJSE:430718) ROCE % : 17.31% (As of Mar. 2024)

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What is Hefei GaoCo Technology 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. Hefei GaoCo Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.31%.

Hefei GaoCo Technology Co ROCE % Historical Data

The historical data trend for Hefei GaoCo Technology 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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Hefei GaoCo Technology Co ROCE % Chart

Hefei GaoCo Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.41

9.52

17.30

13.60

14.12

Hefei GaoCo Technology Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															13.25	15.35	13.56	14.12	17.31

Hefei GaoCo Technology Co ROCE % Calculation

Hefei GaoCo Technology 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 )
	=	71.859	/	( ( (901.878 - 410.541)	+	(830.313 - 304.173) )	/ 2 )
	=	71.859	/	( (491.337	+	526.14)	/ 2 )
	=	71.859	/	508.7385
	=	14.12 %

Hefei GaoCo Technology 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 )
	=	92.844	/	( ( (830.313 - 304.173)	+	(830.306 - 283.961) )	/ 2 )
	=	92.844	/	( ( 526.14	+	546.345 )	/ 2 )
	=	92.844	/	536.2425
	=	17.31 %

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

Hefei GaoCo Technology Co (BJSE:430718) 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.

Hefei GaoCo Technology Co ROCE % Related Terms

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Hefei GaoCo Technology Co (BJSE:430718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hefei GaoCo Technology Co Ltd (BJSE:430718) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 215, Mingchuan Road, Baiyan Science and Technology Park, High-tech Zone, Anhui Province, Hefei City, CHN, 230088

Website

http://www.gk-cn.com

Hefei GaoCo Technology Co Ltd is engaged in research and development, production, and sales of special accessories and molds for household appliances. It offers rail bracket, Press support plate, Signal Shield, Biaxial Electrophoresis Lower Hinge, panel, TV backplane, TV backplane, TV base structure, wall mount, water tray, DCDC sheet metal enclosure, Bottom plate, refrigerated door shell, freezer door shell, Finishing parts, washing machine support plate, display panel components, Washing machine control panel assembly, Hot bending acrylic display panel.

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