Changzhou Aohong Electronics Co (SHSE:605058) ROCE % : 7.64% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Changzhou Aohong 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. Changzhou Aohong Electronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.64%.

Changzhou Aohong Electronics Co ROCE % Historical Data

The historical data trend for Changzhou Aohong 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.

* Premium members only.

Changzhou Aohong Electronics Co ROCE % Chart

Changzhou Aohong Electronics Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

26.96

15.27

11.77

10.07

9.28

Changzhou Aohong Electronics 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															9.06	12.19	9.72	6.33	7.64

Changzhou Aohong Electronics Co ROCE % Calculation

Changzhou Aohong 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 )
	=	150.313	/	( ( (2421.638 - 852.704)	+	(2282.676 - 613.552) )	/ 2 )
	=	150.313	/	( (1568.934	+	1669.124)	/ 2 )
	=	150.313	/	1619.029
	=	9.28 %

Changzhou Aohong Electronics 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 )
	=	128.6	/	( ( (2282.676 - 613.552)	+	(2354.252 - 654.964) )	/ 2 )
	=	128.6	/	( ( 1669.124	+	1699.288 )	/ 2 )
	=	128.6	/	1684.206
	=	7.64 %

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

Changzhou Aohong Electronics Co (SHSE:605058) 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.

Changzhou Aohong Electronics Co ROCE % Related Terms

Thank you for viewing the detailed overview of Changzhou Aohong Electronics Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Changzhou Aohong Electronics Co (SHSE:605058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Changzhou Aohong Electronics Co Ltd (SHSE:605058) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15, Xinke Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031

Website

http://www.czaohong.com

Changzhou Aohong Electronics Co Ltd is engaged in the production and sales of printed circuit boards (PCB). Its main products are single-sided PCB, double-sided PCB, multi-layer PCB and metal base, printed boards, tin-jet printed boards, carbon film boards and others. The products cover many fields such as household appliances, consumer electronics, power sources, network communications and automotive electronics.

Changzhou Aohong Electronics Co (SHSE:605058) Headlines

No Headlines