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Guangdong Syntrust GK Testing and Certification Tech Service Center Co (HKSE:08629) ROCE % : 16.31% (As of Jun. 2024)


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What is Guangdong Syntrust GK Testing and Certification Tech Service Center 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. Guangdong Syntrust GK Testing and Certification Tech Service Center Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 16.31%.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co ROCE % Historical Data

The historical data trend for Guangdong Syntrust GK Testing and Certification Tech Service Center 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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Guangdong Syntrust GK Testing and Certification Tech Service Center Co ROCE % Chart

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
33.31 5.49 19.86

Guangdong Syntrust GK Testing and Certification Tech Service Center Co Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
ROCE % - - 15.37 23.17 16.31

Guangdong Syntrust GK Testing and Certification Tech Service Center Co ROCE % Calculation

Guangdong Syntrust GK Testing and Certification Tech Service Center 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 )
=19.637/( ( (94.262 - 10.378) + (129.974 - 16.134) )/ 2 )
=19.637/( (83.884+113.84)/ 2 )
=19.637/98.862
=19.86 %

Guangdong Syntrust GK Testing and Certification Tech Service Center Co'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 )
=22.188/( ( (129.974 - 16.134) + (172.603 - 14.301) )/ 2 )
=22.188/( ( 113.84 + 158.302 )/ 2 )
=22.188/136.071
=16.31 %

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

Guangdong Syntrust GK Testing and Certification Tech Service Center Co  (HKSE:08629) 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.

Guangdong Syntrust GK Testing and Certification Tech Service Center Co ROCE % Related Terms

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Guangdong Syntrust GK Testing and Certification Tech Service Center Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangdong Syntrust GK Testing and Certification Tech Service Center Co Ltd (HKSE:08629) » Definitions » ROCE %
Comparable Companies
HKSE:02503 HKSE:00896 HKSE:02163 HKSE:08268 HKSE:01920 HKSE:06063 HKSE:02262 HKSE:02132 HKSE:01556 HKSE:00871 XPAR:DG NSE:LT PWR SHSE:601668 TSX:WSP EME SHSE:601390 HKSE:01800 J SHSE:601186
Traded in Other Exchanges
N/A
Address
No. 4 Xinshang Road, 1st Floor, Building A, Construction Bureau Compound, Guangdong Province, Xinyi, CHN
Website
https://www.xyjiance.cn
Guangdong Syntrust GK Testing and Certification Tech Service Center Co Ltd is principally engaged in the provision of construction engineering testing and inspection services, serving customers in Maoming, Guangdong Province of China. It offers construction engineering testing services including foundation testing service, infrastructure and public roads testing service, construction material testing service, as well as building structure testing service. Additionally, It provides construction engineering inspection services including slope monitoring and foundation pit monitoring services.
Executives
Chen Menghua 2101 Beneficial owner
Z K 2101 Beneficial owner
Lln Sheng Yu 2101 Beneficial owner
Lu Sili 2101 Beneficial owner
Zhang Yunling 2101 Beneficial owner
Liang Yishuang 2101 Beneficial owner
Lin Jiangjun 2101 Beneficial owner
Yue Hai Zi Chan Guan Li You Xian Gong Si 2101 Beneficial owner

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