Greatoo Intelligent Equipment (SZSE:002031) ROCE % : 1.59% (As of Sep. 2024)

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What is Greatoo Intelligent Equipment 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. Greatoo Intelligent Equipment's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.59%.

Greatoo Intelligent Equipment ROCE % Historical Data

The historical data trend for Greatoo Intelligent Equipment'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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Greatoo Intelligent Equipment ROCE % Chart

Greatoo Intelligent Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.67

1.07

-9.65

3.39

1.01

Greatoo Intelligent Equipment 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															-1.23	-0.15	0.52	4.92	1.59

Greatoo Intelligent Equipment ROCE % Calculation

Greatoo Intelligent Equipment'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 )
	=	30.327	/	( ( (4387.725 - 1387.423)	+	(4197.457 - 1205.043) )	/ 2 )
	=	30.327	/	( (3000.302	+	2992.414)	/ 2 )
	=	30.327	/	2996.358
	=	1.01 %

Greatoo Intelligent Equipment'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 )
	=	46.564	/	( ( (4377.129 - 1428.274)	+	(4359.653 - 1443.024) )	/ 2 )
	=	46.564	/	( ( 2948.855	+	2916.629 )	/ 2 )
	=	46.564	/	2932.742
	=	1.59 %

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

Greatoo Intelligent Equipment (SZSE:002031) 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.

Greatoo Intelligent Equipment ROCE % Related Terms

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Greatoo Intelligent Equipment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Greatoo Intelligent Equipment Inc (SZSE:002031) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jiedong Economic Development Zone, Jiedong, Guangdong, CHN, 515500

Website

http://www.greatoo.com

Greatoo Intelligent Equipment Inc primarily researches, invents and produces radial tire molds. It develops tire molds, hydraulic curing presses, precision machine tools and industrial robots, with main products like radial segmented molds and two-piece mold, giant industrial segmented tire molds, hydraulic curing presses of various types, light and heavy industrial robots and precision machine tools. Geographically, the company's products are sold in many countries and religions such as America, Europe, Southeast Asia and South America.

Executives

Lin Rui Bo	Directors, executives
Wu Chao Zhong	Director
Li Li Xuan	Director
Zheng Xu Xu	Directors, executives
Wu Hao	Directors, Directors, and Executives
Wu Ying Xiong	Executives
Xu Guang Ju	Executives
Chen Qing Xiang	Executives
Zhang Jin Fang	Executives
Ceng Xu Zhao	Executives
Zhang Shi Qin	Executives
Yang Chuan Kai	Directors, Directors, and Executives
Chen Xiao Fen	Executives
Hong Hui Ping	Director
Chen Zhi Yong	Executives

Greatoo Intelligent Equipment Headlines

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