Changyuan Technology Group (SHSE:600525) ROCE % : 5.38% (As of Mar. 2024)

View and export this data going back to 2002. Start your Free Trial

What is Changyuan Technology Group 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. Changyuan Technology Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.38%.

Changyuan Technology Group ROCE % Historical Data

The historical data trend for Changyuan Technology Group'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.

* Premium members only.

Changyuan Technology Group ROCE % Chart

Changyuan Technology Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-6.98

6.73

-16.41

25.19

5.97

Changyuan Technology Group 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															5.29	7.89	5.56	4.70	5.38

Changyuan Technology Group ROCE % Calculation

Changyuan Technology Group'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 )
	=	371.621	/	( ( (13774.87 - 7911.138)	+	(15513.458 - 8935.217) )	/ 2 )
	=	371.621	/	( (5863.732	+	6578.241)	/ 2 )
	=	371.621	/	6220.9865
	=	5.97 %

Changyuan Technology Group'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 )
	=	344.764	/	( ( (15513.458 - 8935.217)	+	(16384.478 - 10156.467) )	/ 2 )
	=	344.764	/	( ( 6578.241	+	6228.011 )	/ 2 )
	=	344.764	/	6403.126
	=	5.38 %

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

Changyuan Technology Group (SHSE:600525) 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.

Changyuan Technology Group ROCE % Related Terms

Thank you for viewing the detailed overview of Changyuan Technology Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Changyuan Technology Group (SHSE:600525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changyuan Technology Group Ltd (SHSE:600525) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Keyuan Middle Road, Changyuan New Materials Port, Building F, 5th Floor, Nanshan District and High-tech Zone, Guangdong Province, Shenzhen, Guangdong, CHN, 518057

Website

http://www.cyg.com

Changyuan Group Ltd specializes in the research, development, and manufacturing of intelligent digitalization of industrial and power systems. The company has two product series namely, test systems and automation equipment, providing comprehensive solutions for the electronics, automotive, medical, new energy, clothing, lighting and other industries. The product portfolio includes power grid protection and automation, smart primary equipment, composite insulator, chip packaging equipment solutions, clothing intelligent equipment, and other products.

Changyuan Technology Group (SHSE:600525) Headlines

No Headlines