Shenzhen Gongjin Electronics Co (SHSE:603118) ROCE % : 3.28% (As of Sep. 2024)

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What is Shenzhen Gongjin Electronics 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. Shenzhen Gongjin Electronics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.28%.

Shenzhen Gongjin Electronics Co ROCE % Historical Data

The historical data trend for Shenzhen Gongjin Electronics 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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Shenzhen Gongjin Electronics Co ROCE % Chart

Shenzhen Gongjin Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.89

8.29

8.82

5.81

2.62

Shenzhen Gongjin Electronics 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															-0.80	-6.09	1.52	0.13	3.28

Shenzhen Gongjin Electronics Co ROCE % Calculation

Shenzhen Gongjin Electronics 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 )
	=	141.233	/	( ( (10533.972 - 5299.191)	+	(10214.477 - 4672.022) )	/ 2 )
	=	141.233	/	( (5234.781	+	5542.455)	/ 2 )
	=	141.233	/	5388.618
	=	2.62 %

Shenzhen Gongjin Electronics 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 )
	=	170.072	/	( ( (8765.405 - 3589.199)	+	(9344.664 - 4137.706) )	/ 2 )
	=	170.072	/	( ( 5176.206	+	5206.958 )	/ 2 )
	=	170.072	/	5191.582
	=	3.28 %

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

Shenzhen Gongjin Electronics Co (SHSE:603118) 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.

Shenzhen Gongjin Electronics Co ROCE % Related Terms

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Shenzhen Gongjin Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Gongjin Electronics Co Ltd (SHSE:603118) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Nanshan Medical Device Industrial Park, No. 1019 Nanhai Avenue, Floor No. 2, 3, 4 and 5, Nanshan District, Guangdong, Shenzhen, CHN, 518052

Website

http://www.twsz.com

Shenzhen Gongjin Electronics Co Ltd through its subsidiaries is engaged in manufacturing of broadband communication terminal products. It is specialized in the communication terminals, communication networks, and smart medical services. It also researches and develops, produces, sale and provides services of broadband access terminals, wireless communication devices and optical communication products. Its products include Cable broadband, LTE dual carrier, optical, wireless terminal.

Executives

He Wei Di	Supervisors
Tang Fu Nan	Director
Wang Da Wei	Director
He Yi Meng	Director
Hu Zu Min	Director
Wei Yi Ming	senior management
Gong Pu Sheng	senior management
Qi Jian Zhong	Supervisors
Tang Xiao Lin	senior management
Long Xiao Jing	Director
Wang Zhi Bo	Director
Yin Ze Wang	Supervisors

Shenzhen Gongjin Electronics Co Headlines

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