Pujiang International Group (HKSE:02060) ROCE %: 10.04% (As of Jun. 2023)

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HKSE:02060 Pujiang International Group Ltd HKSE:02060
4 GF Score
Price HK$0.19
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What is Pujiang International Group ROCE %?

Pujiang International Group HKSE:02060 4 ROCE % is 10.04% as of Jun. 2023. GuruFocus rates HKSE:02060 with a GF Score™ of 4/100.

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. Pujiang International Group's annualized ROCE % for the quarter that ended in Jun. 2023 was 10.04%.

Pujiang International Group  (HKSE:02060) 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.

Pujiang International Group ROCE % Related Terms

Pujiang International Group ROCE % Historical Data

* Premium members only.

The historical data trend for Pujiang International 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.

Pujiang International Group ROCE % Chart

Pujiang International Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROCE %
Get a 7-Day Free Trial 18.60 14.67 13.08 14.87 14.47

Pujiang International Group Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.74 15.31 12.71 15.64 10.04
HKSE:02060
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Pujiang International Group Ltd HKSE:02060
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Pujiang International Group ROCE % Calculation

Pujiang International Group'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 )
=394.387/( ( (6515.199 - 3772.163) + (6248.747 - 3539.251) )/ 2 )
=394.387/( (2743.036+2709.496)/ 2 )
=394.387/2726.266
=14.47 %

Pujiang International Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=270.422/( ( (6248.747 - 3539.251) + (6333.61 - 3656.606) )/ 2 )
=270.422/( ( 2709.496 + 2677.004 )/ 2 )
=270.422/2693.25
=10.04 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 10.04% mean?
Pujiang International Group (HKSE:02060) has a ROCE % of 10.04% as of Jun. 2023.
Is Pujiang International Group's ROCE % too high?
Pujiang International Group's current ROCE % is 10.04%. The Industrial Products industry median ROCE % is 7.35. Pujiang International Group's value of 10.04% is 36.6% above this industry median. Overall, Pujiang International Group has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Pujiang International Group's ROCE % compare to ATI and MLI?
Pujiang International Group's ROCE % of 10.04% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.35. Pujiang International Group's value of 10.04% is 36.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.35, based on 3,034 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pujiang International Group's current ROCE % of 10.04% is 36.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pujiang International Group's current ROCE % is 10.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pujiang International Group stock overvalued right now?
Pujiang International Group (HKSE:02060) has a current ROCE % of 10.04%. The current ROCE % is 10.04% and 36.6% above the Industrial Products industry median of 7.35. Pujiang International Group's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Pujiang International Group (HKSE:02060), the current ROCE % is 10.04% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pujiang International Group Business Description

Address 518 Shangcheng Road, 16th Floor, Shanghai, CHN, 200120
Pujiang International Group Ltd is a provider of bridge cables for the construction of super-long-span bridges in China and prestressed materials manufacturers in China. It is principally engaged in the manufacture of cables for the construction of bridges and prestressed materials for various infrastructure construction. The company has two main reporting business segments, namely, the business which manufactures cables for long-span bridges (the Cable Business) and the business which manufactures prestressed materials for various infrastructure construction (the Prestressed Materials Business). The Group's revenue customers are derived mainly from its operations in China.
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