Guangdong Guanhao High-Tech Co (SHSE:600433) ROCE % : 3.53% (As of Mar. 2024)

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What is Guangdong Guanhao High-Tech 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 Guanhao High-Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.53%.

Guangdong Guanhao High-Tech Co ROCE % Historical Data

The historical data trend for Guangdong Guanhao High-Tech 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 Guanhao High-Tech Co ROCE % Chart

Guangdong Guanhao High-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.46

11.24

7.36

7.48

-2.20

Guangdong Guanhao High-Tech Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.06	-7.67	-4.40	2.53	3.53

Guangdong Guanhao High-Tech Co ROCE % Calculation

Guangdong Guanhao High-Tech 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 )
	=	-154.107	/	( ( (10038.889 - 2860.035)	+	(10343.481 - 3502.513) )	/ 2 )
	=	-154.107	/	( (7178.854	+	6840.968)	/ 2 )
	=	-154.107	/	7009.911
	=	-2.20 %

Guangdong Guanhao High-Tech Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	249.472	/	( ( (10343.481 - 3502.513)	+	(10732.774 - 3451.615) )	/ 2 )
	=	249.472	/	( ( 6840.968	+	7281.159 )	/ 2 )
	=	249.472	/	7061.0635
	=	3.53 %

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

Guangdong Guanhao High-Tech Co (SHSE:600433) 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 Guanhao High-Tech Co ROCE % Related Terms

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Guangdong Guanhao High-Tech Co (SHSE:600433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Guangdong Guanhao High-Tech Co Ltd (SHSE:600433) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Changping Road, Zhanjiang Economy and Technology Development Zone, Guangdong, Zhanjiang, CHN, 524022

Website

http://www.guanhao.com

Guangdong Guanhao High-Tech Co Ltd is a China-based company engages in the paper production business. Its products include common carbonless copy paper, special purpose carbonless copy paper and other carbonless copy paper. Its thermal paper products are mainly used in the manufacturing of bills, tags, fax materials and others.

Executives

Liang Min	senior management
Xie Xian Long	Director
Liu Li Xin	senior management
Zhang Hong	Director
Zhuo Hao	senior management
Ding Guo Qiang	senior management
Li Fei	Directors, senior managers
Wang Qi	Director
Huang Yang Xu	Director

Guangdong Guanhao High-Tech Co (SHSE:600433) Headlines

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