Greetec Co (BJSE:836208) ROCE % : 17.74% (As of Sep. 2024)

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What is Greetec 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. Greetec Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 17.74%.

Greetec Co ROCE % Historical Data

The historical data trend for Greetec 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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Greetec Co ROCE % Chart

Greetec Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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42.75

44.33

39.84

37.36

33.01

Greetec Co Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															30.69	47.37	9.45	24.18	17.74

Greetec Co ROCE % Calculation

Greetec 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 )
	=	251.567	/	( ( (1078.139 - 495.242)	+	(1423.692 - 482.273) )	/ 2 )
	=	251.567	/	( (582.897	+	941.419)	/ 2 )
	=	251.567	/	762.158
	=	33.01 %

Greetec 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 )
	=	166.9	/	( ( (1370.776 - 444.851)	+	(1296.858 - 341.567) )	/ 2 )
	=	166.9	/	( ( 925.925	+	955.291 )	/ 2 )
	=	166.9	/	940.608
	=	17.74 %

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

Greetec Co (BJSE:836208) 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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Greetec Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Greetec Co Ltd (BJSE:836208) » Definitions » ROCE %

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Address

No. 19 Chegongzhuang West Road, Room 306, 3rd Floor, Building 68, Haidian District, Beijing, CHN, 100048

Website

https://www.greetec.com

Greetec Co Ltd engages in providing engineering project management technology services. Its services comprise investment decision consultation, project financing consultation, survey and design consultation, bidding procurement consultation, engineering cost consultation, engineering financial consultation, engineering supervision and construction project management services, information technology consultation, risk management consultation, post-project evaluation consultation.

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