Jiangsu Guotai International Group Guomao Co (SZSE:002091) ROCE % : 13.59% (As of Sep. 2024)

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What is Jiangsu Guotai International Group Guomao 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. Jiangsu Guotai International Group Guomao Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.59%.

Jiangsu Guotai International Group Guomao Co ROCE % Historical Data

The historical data trend for Jiangsu Guotai International Group Guomao 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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Jiangsu Guotai International Group Guomao Co ROCE % Chart

Jiangsu Guotai International Group Guomao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.09

16.18

15.49

17.11

14.47

Jiangsu Guotai International Group Guomao 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															18.43	13.62	8.55	10.26	13.59

Jiangsu Guotai International Group Guomao Co ROCE % Calculation

Jiangsu Guotai International Group Guomao 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 )
	=	3752.622	/	( ( (39600.568 - 14658.402)	+	(43139.474 - 16210.967) )	/ 2 )
	=	3752.622	/	( (24942.166	+	26928.507)	/ 2 )
	=	3752.622	/	25935.3365
	=	14.47 %

Jiangsu Guotai International Group Guomao 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 )
	=	3698.472	/	( ( (42173.566 - 15226.925)	+	(44094.61 - 16597.869) )	/ 2 )
	=	3698.472	/	( ( 26946.641	+	27496.741 )	/ 2 )
	=	3698.472	/	27221.691
	=	13.59 %

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

Jiangsu Guotai International Group Guomao Co (SZSE:002091) 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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Jiangsu Guotai International Group Guomao Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jiangsu Guotai International Group Guomao Co Ltd (SZSE:002091) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

RenMing Road, Jiang Su, 15-24 Floor, Guotai Times Plaza, ZhangJiaGang, CHN, 215600

Website

http://www.gtiggm.com

Jiangsu Guotai International Group Guomao Co Ltd is engaged in the supply chain services, new energy and financial investment, covers import and export trade of consumption goods, E-commerce platform, new materials, new energy, finance and equity investment.

Executives

Zhang Zi Yan	Director
Guo Sheng Hu	Directors, executives
Yang Ge	Executives
Ma Xiao Tian	Executives
Wang Xiao Bin	Director
Jiang Jian	Supervisors
Chen Xiao Dong	Director
Guo Jun	Executives
Gu Jian Ping	Independent director
Tan Qiu Bin	Director
Yao Zheng Ya	Executives
Huang Ning	Executives
Wang Yong Cheng	Director
Zhao Ming	Supervisors
Wen Zhen Ying	Director

Jiangsu Guotai International Group Guomao Co Headlines

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