Gem-Year Industrial Co (SHSE:601002) ROCE % : 15.47% (As of Sep. 2024)

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What is Gem-Year Industrial 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. Gem-Year Industrial Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.47%.

Gem-Year Industrial Co ROCE % Historical Data

The historical data trend for Gem-Year Industrial 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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Gem-Year Industrial Co ROCE % Chart

Gem-Year Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.35

14.98

6.29

2.04

-0.75

Gem-Year Industrial 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															-1.68	-2.97	-2.17	-0.56	15.47

Gem-Year Industrial Co ROCE % Calculation

Gem-Year Industrial 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 )
	=	-33.18	/	( ( (5264.521 - 811.196)	+	(5219.639 - 847.008) )	/ 2 )
	=	-33.18	/	( (4453.325	+	4372.631)	/ 2 )
	=	-33.18	/	4412.978
	=	-0.75 %

Gem-Year Industrial 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 )
	=	648.408	/	( ( (5121.5 - 982.179)	+	(5228.863 - 982.735) )	/ 2 )
	=	648.408	/	( ( 4139.321	+	4246.128 )	/ 2 )
	=	648.408	/	4192.7245
	=	15.47 %

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

Gem-Year Industrial Co (SHSE:601002) 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.

Gem-Year Industrial Co ROCE % Related Terms

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Gem-Year Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gem-Year Industrial Co Ltd (SHSE:601002) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Jinyi Avenue, Economic Development Zone, Jiashan, Zhejiang, Jiaxing, CHN, 314100

Website

http://www.gem-year.com

Gem-Year Industrial Co Ltd operates as a fastener manufacturer in China. Its products include bolts, nuts, screws, drawn air and fasteners. master toolset, tools storage, sockets, wrench and cutting tools.

Executives

Yu Jie	senior management
Lang Fu Quan	Director
Xue Ling	Directors, senior managers
Ou Yuan Cheng	Directors, senior managers
Ding Jian Zhong	Director

Gem-Year Industrial Co Headlines

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