Guangdong Anda Automation Solutions Co (SHSE:688125) ROCE % : 0.40% (As of Mar. 2024)

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What is Guangdong Anda Automation Solutions 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. Guangdong Anda Automation Solutions Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.40%.

Guangdong Anda Automation Solutions Co ROCE % Historical Data

The historical data trend for Guangdong Anda Automation Solutions 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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Guangdong Anda Automation Solutions Co ROCE % Chart

Guangdong Anda Automation Solutions Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.04

34.51

27.46

13.13

1.03

Guangdong Anda Automation Solutions Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												6.30	-0.20	-0.60	-1.42	0.40

Guangdong Anda Automation Solutions Co ROCE % Calculation

Guangdong Anda Automation Solutions 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 )
	=	19.85	/	( ( (2057.809 - 135.34)	+	(2154.648 - 233.332) )	/ 2 )
	=	19.85	/	( (1922.469	+	1921.316)	/ 2 )
	=	19.85	/	1921.8925
	=	1.03 %

Guangdong Anda Automation Solutions 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 )
	=	7.616	/	( ( (2154.648 - 233.332)	+	(2214.112 - 288.59) )	/ 2 )
	=	7.616	/	( ( 1921.316	+	1925.522 )	/ 2 )
	=	7.616	/	1923.419
	=	0.40 %

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

Guangdong Anda Automation Solutions Co (SHSE:688125) 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.

Guangdong Anda Automation Solutions Co ROCE % Related Terms

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Guangdong Anda Automation Solutions Co (SHSE:688125) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Anda Automation Solutions Co Ltd (SHSE:688125) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 17, Xiangxidong District Road, Liaobu Town, Guangdong Province, Dongguan, CHN, 523430

Website

http://www.anda-cn.com

Guangdong Anda Automation Solutions Co Ltd is engaged in the research and development, production and sales of intelligent manufacturing equipment such as fluid control equipment, plasma equipment, curing and assembly equipment.

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