Beijing Aerospace Changfeng Co (SHSE:600855) ROCE % : -8.45% (As of Sep. 2024)

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What is Beijing Aerospace Changfeng 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. Beijing Aerospace Changfeng Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -8.45%.

Beijing Aerospace Changfeng Co ROCE % Historical Data

The historical data trend for Beijing Aerospace Changfeng 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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Beijing Aerospace Changfeng Co ROCE % Chart

Beijing Aerospace Changfeng Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.98

7.80

7.13

2.86

-12.16

Beijing Aerospace Changfeng 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															-5.69	-33.87	-8.01	-1.01	-8.45

Beijing Aerospace Changfeng Co ROCE % Calculation

Beijing Aerospace Changfeng 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 )
	=	-261.275	/	( ( (4021.491 - 1945.196)	+	(3983.055 - 1760.853) )	/ 2 )
	=	-261.275	/	( (2076.295	+	2222.202)	/ 2 )
	=	-261.275	/	2149.2485
	=	-12.16 %

Beijing Aerospace Changfeng 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 )
	=	-180.188	/	( ( (3934.853 - 1782.445)	+	(3887.583 - 1775.122) )	/ 2 )
	=	-180.188	/	( ( 2152.408	+	2112.461 )	/ 2 )
	=	-180.188	/	2132.4345
	=	-8.45 %

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

Beijing Aerospace Changfeng Co (SHSE:600855) 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.

Beijing Aerospace Changfeng Co ROCE % Related Terms

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Beijing Aerospace Changfeng Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Aerospace Changfeng Co Ltd (SHSE:600855) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 51 Yong Ding Road, Aerospace Tower, Haidian District, Beijing, Beijing, CHN, 100854

Website

http://www.ascf.com.cn

Beijing Aerospace Changfeng Co Ltd is a China-based company. The business activities of the company include medical device, medical informatization, integrated digital operating room solution, laminar flow operating room project, safety city project, smart city project, security control of the large-scale event, emergency and counter-terrorism. It offers a range of product that includes Anesthesia machine, Ventilators, Operating room tables and Surgical lamp.

Executives

Wang Yan Bin	senior management
Guo Hui Ming	senior management
Jin Cang Song	Director
Liu Lei	senior management
Wang Xin Ming	senior management
Zhao Zhi Hua	senior management
Su Zi Hua	Directors, senior managers
Liu Da Jun	senior management
Wang Ying	senior management

Beijing Aerospace Changfeng Co Headlines

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