GCL Energy Technology Co (SZSE:002015) ROCE % : 7.25% (As of Sep. 2024)

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What is GCL Energy Technology 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. GCL Energy Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.25%.

GCL Energy Technology Co ROCE % Historical Data

The historical data trend for GCL Energy Technology 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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GCL Energy Technology Co ROCE % Chart

GCL Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.13

11.27

11.74

7.16

8.38

GCL Energy Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															10.69	2.39	7.63	7.94	7.25

GCL Energy Technology Co ROCE % Calculation

GCL Energy Technology 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 )
	=	1957.724	/	( ( (32363.982 - 8250.183)	+	(31893.102 - 9300.123) )	/ 2 )
	=	1957.724	/	( (24113.799	+	22592.979)	/ 2 )
	=	1957.724	/	23353.389
	=	8.38 %

GCL Energy Technology Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	2014.38	/	( ( (39196.762 - 12385.007)	+	(41222.268 - 12465.144) )	/ 2 )
	=	2014.38	/	( ( 26811.755	+	28757.124 )	/ 2 )
	=	2014.38	/	27784.4395
	=	7.25 %

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

GCL Energy Technology Co (SZSE:002015) 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.

GCL Energy Technology Co ROCE % Related Terms

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GCL Energy Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » GCL Energy Technology Co Ltd (SZSE:002015) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Mazhen East Street, Xuxiake Town, Jiangsu Province, Jiangyin, CHN, 215000

Website

http://www.gcl-et.com

GCL Energy Technology Co Ltd is a mobile energy service provider in China. The group focuses on three major businesses namely integrated solutions for battery swapping stations, battery swapping station operation and energy services, and battery cascade utilization to create an efficient, economical and green travel ecology.

Executives

Chu Jian Jian	Director
Deng Bing	Directors, executives
Chen Jian Zhong	Directors, executives
Wu Yu Xing	Executives
Sun Yin Long	Director
Fan Wen Hua	Supervisors

GCL Energy Technology Co Headlines

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