Guoguang Electric Co Chengdu (SHSE:688776) ROCE % : 7.61% (As of Mar. 2024)

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What is Guoguang Electric Co Chengdu 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. Guoguang Electric Co Chengdu's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.61%.

Guoguang Electric Co Chengdu ROCE % Historical Data

The historical data trend for Guoguang Electric Co Chengdu'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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Guoguang Electric Co Chengdu ROCE % Chart

Guoguang Electric Co Chengdu Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.05

17.38

16.13

10.46

5.34

Guoguang Electric Co Chengdu Quarterly Data
	Dec17	Dec18	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															5.13	6.96	3.48	5.83	7.61

Guoguang Electric Co Chengdu ROCE % Calculation

Guoguang Electric Co Chengdu'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 )
	=	101.563	/	( ( (2248.675 - 394.122)	+	(2364.399 - 417.729) )	/ 2 )
	=	101.563	/	( (1854.553	+	1946.67)	/ 2 )
	=	101.563	/	1900.6115
	=	5.34 %

Guoguang Electric Co Chengdu'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 )
	=	149.188	/	( ( (2364.399 - 417.729)	+	(2385.934 - 409.75) )	/ 2 )
	=	149.188	/	( ( 1946.67	+	1976.184 )	/ 2 )
	=	149.188	/	1961.427
	=	7.61 %

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

Guoguang Electric Co Chengdu (SHSE:688776) 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.

Guoguang Electric Co Chengdu ROCE % Related Terms

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Guoguang Electric Co Chengdu (SHSE:688776) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guoguang Electric Co Ltd Chengdu (SHSE:688776) » Definitions » ROCE %

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Address

No.117 Xingguang West Road, Chengdu Economic and Technological Development Zone, Sichuan Province, Chengdu, CHN, 610100

Website

http://www.chinaguoguang.com

Guoguang Electric Co Ltd Chengdu is engaged in the research and development, production and sales of vacuum and microwave application products.

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