Avic Aviation High-Technology Co (SHSE:600862) ROCE % : 20.13% (As of Sep. 2024)

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What is Avic Aviation High-Technology 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. Avic Aviation High-Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 20.13%.

Avic Aviation High-Technology Co ROCE % Historical Data

The historical data trend for Avic Aviation High-Technology 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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Avic Aviation High-Technology Co ROCE % Chart

Avic Aviation High-Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.92

11.43

14.86

16.36

19.22

Avic Aviation High-Technology 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															21.72	13.44	24.11	16.20	20.13

Avic Aviation High-Technology Co ROCE % Calculation

Avic Aviation High-Technology 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 )
	=	1217.075	/	( ( (7638.345 - 1702.418)	+	(8646.557 - 1920.388) )	/ 2 )
	=	1217.075	/	( (5935.927	+	6726.169)	/ 2 )
	=	1217.075	/	6331.048
	=	19.22 %

Avic Aviation High-Technology 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 )
	=	1477.936	/	( ( (9524.419 - 2352.71)	+	(10065.31 - 2555.387) )	/ 2 )
	=	1477.936	/	( ( 7171.709	+	7509.923 )	/ 2 )
	=	1477.936	/	7340.816
	=	20.13 %

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

Avic Aviation High-Technology Co (SHSE:600862) 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.

Avic Aviation High-Technology Co ROCE % Related Terms

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Avic Aviation High-Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Avic Aviation High-Technology Co Ltd (SHSE:600862) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 YongHe Road, Gangzha District, Jiangsu Province, Nantong, CHN, 226011

Website

http://www.avicht.com.cn

Avic Aviation High-Technology Co Ltd is mainly engaged in the research and development of new aviation materials and the development and manufacture of high-end intelligent equipment in China.

Executives

Shi Jin Yu	Supervisors
Lu Qiang Xin	Director
Zhu Jun	senior management
Bian Ming	Supervisors
Ling Wei Guo	Director
Wang Jian Hua	senior management
Yang Wei Qiong	senior management
Shen Feng	senior management
Zhang Jin Fei	senior management
Wu Li Xin	senior management
Zhang Jia Sheng	senior management
Shen Chun Hua	senior management
Chen Zhi Xiang	senior management
Yang Qi	senior management
Gan Qing	senior management

Avic Aviation High-Technology Co Headlines

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