Fuyao Glass Industry Group Co (HKSE:03606) ROCE % : 24.47% (As of Sep. 2024)

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What is Fuyao Glass Industry Group 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. Fuyao Glass Industry Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.47%.

Fuyao Glass Industry Group Co ROCE % Historical Data

The historical data trend for Fuyao Glass Industry Group 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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Fuyao Glass Industry Group Co ROCE % Chart

Fuyao Glass Industry Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.73

12.73

13.78

16.82

17.71

Fuyao Glass Industry Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															18.63	15.74	16.46	21.70	24.47

Fuyao Glass Industry Group Co ROCE % Calculation

Fuyao Glass Industry Group 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 )
	=	7326.132	/	( ( (56692.813 - 19386.585)	+	(61941.143 - 16519.123) )	/ 2 )
	=	7326.132	/	( (37306.228	+	45422.02)	/ 2 )
	=	7326.132	/	41364.124
	=	17.71 %

Fuyao Glass Industry Group 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 )
	=	11391.372	/	( ( (64704.948 - 19524.26)	+	(67531.357 - 19602.955) )	/ 2 )
	=	11391.372	/	( ( 45180.688	+	47928.402 )	/ 2 )
	=	11391.372	/	46554.545
	=	24.47 %

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

Fuyao Glass Industry Group Co (HKSE:03606) 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.

Fuyao Glass Industry Group Co ROCE % Related Terms

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Fuyao Glass Industry Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fuyao Glass Industry Group Co Ltd (HKSE:03606) » Definitions » ROCE %

Traded in Other Exchanges

FIGIF:USA FYGGY:USA 4FG:Germany 4FG:Germany 600660:China

Address

Fuyao Industrial Zone II, Fujian Province, Fuqing, CHN, 350301

Website

https://www.fuyaogroup.com

Fuyao Glass Industry Group Co Ltd manufactures and sells glass to be fitted in automobiles. The company is principally engaged in providing total solutions of safety glass and automotive accessories for various transportation vehicles, including the design, manufacture, and sale of automotive grade float glass, automotive glass, locomotive glass, luggage racks, vehicle window trims, and provision of relevant services. The Company's product portfolio consists of automobile glasses, such as coating glasses and others, which are applied in passenger cars, buses, limousines and others, and float glasses. The Company distributes its products within domestic markets and overseas markets. Geographically, it derives a majority of its revenue from China.

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