Gpro Titanium Industry Co (SZSE:000545) ROCE % : -2.87% (As of Mar. 2024)

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What is Gpro Titanium Industry 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. Gpro Titanium Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.87%.

Gpro Titanium Industry Co ROCE % Historical Data

The historical data trend for Gpro Titanium Industry 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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Gpro Titanium Industry Co ROCE % Chart

Gpro Titanium Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.51

-11.80

8.83

-7.29

-8.53

Gpro Titanium Industry 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															-16.97	-1.02	-3.09	-16.13	-2.87

Gpro Titanium Industry Co ROCE % Calculation

Gpro Titanium Industry 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 )
	=	-158.205	/	( ( (3242.234 - 1178.311)	+	(2926.918 - 1280.01) )	/ 2 )
	=	-158.205	/	( (2063.923	+	1646.908)	/ 2 )
	=	-158.205	/	1855.4155
	=	-8.53 %

Gpro Titanium Industry 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 )
	=	-48.376	/	( ( (2926.918 - 1280.01)	+	(3016.348 - 1286.61) )	/ 2 )
	=	-48.376	/	( ( 1646.908	+	1729.738 )	/ 2 )
	=	-48.376	/	1688.323
	=	-2.87 %

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

Gpro Titanium Industry Co (SZSE:000545) 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.

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Gpro Titanium Industry Co (SZSE:000545) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gpro Titanium Industry Co Ltd (SZSE:000545) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 229, East Dawei Road, Nanjing Chemical Industry Park, Jiangsu, CHN, 210047

Website

http://www.nthcl.com

Gpro Titanium Industry Co Ltd operates in chemical raw materials and chemical manufacturing industry. The company is engaged in manufacturing of titanium power using sulfuric acid process. The products of the company include NA100 anatase, NR930 rutile, NR950 rutile, NR9501 rutile, and NR9503rutile. The products of the company can be used in coating, papermaking, chemical fiber, ink, plastic tube, film, rubber, leather, and cosmetics.

Executives

Wang Jun	Director
Liu Yu	Executives

Gpro Titanium Industry Co (SZSE:000545) Headlines

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