AviChina Industry & Technology Co (HKSE:02357) ROCE % : 6.14% (As of Dec. 2023)

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What is AviChina Industry & 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. AviChina Industry & Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.14%.

AviChina Industry & Technology Co ROCE % Historical Data

The historical data trend for AviChina Industry & 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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AviChina Industry & Technology Co ROCE % Chart

AviChina Industry & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.12

9.59

9.70

8.82

8.12

AviChina Industry & Technology Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															9.11	11.35	8.02	10.07	6.14

AviChina Industry & Technology Co ROCE % Calculation

AviChina Industry & 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 )
	=	8181.782	/	( ( (200028.215 - 107324.649)	+	(202368.996 - 93557.825) )	/ 2 )
	=	8181.782	/	( (92703.566	+	108811.171)	/ 2 )
	=	8181.782	/	100757.3685
	=	8.12 %

AviChina Industry & Technology Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	6504.022	/	( ( (195002.351 - 91831.526)	+	(202368.996 - 93557.825) )	/ 2 )
	=	6504.022	/	( ( 103170.825	+	108811.171 )	/ 2 )
	=	6504.022	/	105990.998
	=	6.14 %

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

AviChina Industry & Technology Co (HKSE:02357) 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.

AviChina Industry & Technology Co ROCE % Related Terms

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AviChina Industry & Technology Co (HKSE:02357) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AviChina Industry & Technology Co Ltd (HKSE:02357) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AVT:Germany

Address

No. 14 Xiaoguan Dongli, 6th floor, Building A, Andingmenwai, Chaoyang District, Beijing, CHN, 100029

Website

https://www.avichina.com

AviChina Industry & Technology Co Ltd is engaged in the development, manufacture, sales and upgrade of civil aviation products and defense products such as provision of helicopters, trainer aircraft, general-purpose aircraft and regional jets for domestic and overseas customers. The company also collaborates with international aviation product manufacturers. AviChina has three operating segments: Aviation entire aircraft; Aviation ancillary system and related business; and Aviation engineering services. The Aviation entire aircraft segment includes helicopters, trainer aircraft, and general aircraft for both civil and military uses. Over half of the company's revenue is generated from supplying components, spare parts, and services. AviChina mainly conducts its business in China.

Executives

Tian Jin Bao Shui Qu Tou Zi You Xian Gong Si	2101 Beneficial owner
Zhong Guo Hang Kong Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

AviChina Industry & Technology Co (HKSE:02357) Headlines

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