Crystal Growth and Energy Equipment Co (SHSE:688478) ROCE % : 3.97% (As of Mar. 2024)

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What is Crystal Growth and Energy Equipment 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. Crystal Growth and Energy Equipment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.97%.

Crystal Growth and Energy Equipment Co ROCE % Historical Data

The historical data trend for Crystal Growth and Energy Equipment 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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Crystal Growth and Energy Equipment Co ROCE % Chart

Crystal Growth and Energy Equipment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-15.58

21.04

14.99

7.51

7.35

Crystal Growth and Energy Equipment Co Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									1.64	4.50	8.84	7.55	3.97

Crystal Growth and Energy Equipment Co ROCE % Calculation

Crystal Growth and Energy Equipment 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 )
	=	78.419	/	( ( (610.403 - 79.591)	+	(2109.857 - 506.918) )	/ 2 )
	=	78.419	/	( (530.812	+	1602.939)	/ 2 )
	=	78.419	/	1066.8755
	=	7.35 %

Crystal Growth and Energy Equipment 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 )
	=	63.94	/	( ( (2109.857 - 506.918)	+	(2100.342 - 485.333) )	/ 2 )
	=	63.94	/	( ( 1602.939	+	1615.009 )	/ 2 )
	=	63.94	/	1608.974
	=	3.97 %

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

Crystal Growth and Energy Equipment Co (SHSE:688478) 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.

Crystal Growth and Energy Equipment Co ROCE % Related Terms

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Crystal Growth and Energy Equipment Co (SHSE:688478) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Crystal Growth and Energy Equipment Co Ltd (SHSE:688478) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hongfeng Science and Technology Park, Economic and Technological Development Zone, Jiangsu Province, West side of Building B4, Nanjing, CHN, 210000

Website

http://www.cgee.com.cn

Crystal Growth and Energy Equipment Co Ltd is specialized in the development of 8-12-inch semiconductor-grade silicon single crystal furnaces, 6-8-inch silicon carbide, gallium arsenide and other semiconductor material growth equipment and processes.

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