Guizhou Guihang Automotive Components Co (SHSE:600523) ROCE % : 5.95% (As of Sep. 2024)

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What is Guizhou Guihang Automotive Components 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. Guizhou Guihang Automotive Components Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.95%.

Guizhou Guihang Automotive Components Co ROCE % Historical Data

The historical data trend for Guizhou Guihang Automotive Components 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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Guizhou Guihang Automotive Components Co ROCE % Chart

Guizhou Guihang Automotive Components Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.85

6.67

6.34

4.98

6.55

Guizhou Guihang Automotive Components 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															7.76	7.21	4.46	7.12	5.95

Guizhou Guihang Automotive Components Co ROCE % Calculation

Guizhou Guihang Automotive Components 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 )
	=	195.76	/	( ( (3448.995 - 524.157)	+	(3834.594 - 784.412) )	/ 2 )
	=	195.76	/	( (2924.838	+	3050.182)	/ 2 )
	=	195.76	/	2987.51
	=	6.55 %

Guizhou Guihang Automotive Components 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 )
	=	183.992	/	( ( (3782.194 - 713.078)	+	(3908.194 - 795.116) )	/ 2 )
	=	183.992	/	( ( 3069.116	+	3113.078 )	/ 2 )
	=	183.992	/	3091.097
	=	5.95 %

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

Guizhou Guihang Automotive Components Co (SHSE:600523) 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.

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Guizhou Guihang Automotive Components Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Guizhou Guihang Automotive Components Co Ltd (SHSE:600523) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.1 Qingshuijiang Road, Xiaohe District, Guizhou Province, Guiyang, CHN, 550009

Website

https://www.gzghgf.com

Guizhou Guihang Automotive Components Co Ltd is mainly engaged in the production and distribution of automobile and motorcycle components in China.

Executives

Liao Jia	senior management
Yin Xue Ling	senior management
Hu Xiao	senior management
Yu Xian Feng	senior management
Zhou Kai Lin	senior management
Tang Hai Bin	senior management
Zhang Xiao Jun	Director

Guizhou Guihang Automotive Components Co Headlines

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