Putian Communication Group (HKSE:01720) ROCE % : 4.68% (As of Jun. 2024)

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What is Putian Communication Group 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. Putian Communication Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.68%.

Putian Communication Group ROCE % Historical Data

The historical data trend for Putian Communication Group'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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Putian Communication Group ROCE % Chart

Putian Communication Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.62

7.79

9.46

7.61

3.93

Putian Communication Group Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial													3.29	12.27	4.46	3.44	4.68

Putian Communication Group ROCE % Calculation

Putian Communication Group'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 )
	=	30.36	/	( ( (1319.489 - 536.778)	+	(1274.517 - 513.024) )	/ 2 )
	=	30.36	/	( (782.711	+	761.493)	/ 2 )
	=	30.36	/	772.102
	=	3.93 %

Putian Communication Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	36.872	/	( ( (1274.517 - 513.024)	+	(1263.788 - 448.399) )	/ 2 )
	=	36.872	/	( ( 761.493	+	815.389 )	/ 2 )
	=	36.872	/	788.441
	=	4.68 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Putian Communication Group (HKSE:01720) 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.

Putian Communication Group ROCE % Related Terms

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Putian Communication Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Putian Communication Group Ltd (HKSE:01720) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8899 ChangDong Avenue, Hi-tech Development Zone, Jiangxi Province, Nanchang, CHN

Website

http://www.potel-group.com

Putian Communication Group Ltd, along with its subsidiaries, is a communication cable manufacturer and structured cabling system product provider. The company's products include optical Fiber, Optical cable, digital communication cables, security cables, panels, jumpers, cabinet chassis, and others. The operating segments of the group are Optical fibers and Optical fiber cables, Communication copper cables, and Structured cabling system products. It generates maximum revenue from the Communication copper cables segment. The group's revenue is derived from the PRC.

Executives

Arcenciel Capital Co., Ltd	2101 Beneficial owner
Wang Qiuping	2201 Interest of corporation controlled by you
Point Stone Capital Co., Ltd.	2101 Beneficial owner
Zhao Xiaobao	2201 Interest of corporation controlled by you
Zhong Hang Zi Ben Guo Ji Kong Gu You Xian Gong Si	2106 Person having a security interest in shares
Zhong Hang Zi Ben Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Putian Communication Group Headlines

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