Jiangsu Guomao Reducer Co (SHSE:603915) ROCE % : 7.89% (As of Mar. 2024)

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What is Jiangsu Guomao Reducer 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. Jiangsu Guomao Reducer Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.89%.

Jiangsu Guomao Reducer Co ROCE % Historical Data

The historical data trend for Jiangsu Guomao Reducer 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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Jiangsu Guomao Reducer Co ROCE % Chart

Jiangsu Guomao Reducer Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.98

15.74

18.71

14.32

12.71

Jiangsu Guomao Reducer Co 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															10.30	11.85	12.00	16.98	7.89

Jiangsu Guomao Reducer Co ROCE % Calculation

Jiangsu Guomao Reducer 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 )
	=	445.948	/	( ( (4643.373 - 1292.921)	+	(5013.784 - 1347.066) )	/ 2 )
	=	445.948	/	( (3350.452	+	3666.718)	/ 2 )
	=	445.948	/	3508.585
	=	12.71 %

Jiangsu Guomao Reducer Co'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 )
	=	291.976	/	( ( (5013.784 - 1347.066)	+	(4913.735 - 1179.64) )	/ 2 )
	=	291.976	/	( ( 3666.718	+	3734.095 )	/ 2 )
	=	291.976	/	3700.4065
	=	7.89 %

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

Jiangsu Guomao Reducer Co (SHSE:603915) 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.

Jiangsu Guomao Reducer Co ROCE % Related Terms

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Jiangsu Guomao Reducer Co (SHSE:603915) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Guomao Reducer Co Ltd (SHSE:603915) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.98 Longqian Road, Wujin High-Tech Zone, Jiangsu, Changzhou, CHN

Website

http://www.guomaoglobal.com

Jiangsu Guomao Reducer Co Ltd is primarily involved in the research and development, manufacturing an sale of reducers and motors. It offers products such as Geared motor, Cycloidal reducer, Industrial gearbox, Planetary gearbox, plastic and rubber special reducer and other products.

Executives

Xu Bin	Director
Tan Jia Ming	senior management
Lu Yi Pin	Director
Kong Dong Hua	senior management
Wang Xiao Guang	Director
Yang Wei Qing	senior management
Hao Jian Nan	senior management

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