Guangbo Group Stock Co (SZSE:002103) ROCE % : 12.59% (As of Sep. 2024)

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What is Guangbo Group Stock 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. Guangbo Group Stock Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.59%.

Guangbo Group Stock Co ROCE % Historical Data

The historical data trend for Guangbo Group Stock 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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Guangbo Group Stock Co ROCE % Chart

Guangbo Group Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.73

-23.66

4.46

-0.37

20.38

Guangbo Group Stock 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															24.58	22.48	10.60	23.42	12.59

Guangbo Group Stock Co ROCE % Calculation

Guangbo Group Stock 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 )
	=	190.588	/	( ( (2020.849 - 1130.808)	+	(2150.68 - 1170.56) )	/ 2 )
	=	190.588	/	( (890.041	+	980.12)	/ 2 )
	=	190.588	/	935.0805
	=	20.38 %

Guangbo Group Stock 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 )
	=	129.584	/	( ( (1844.056 - 823.86)	+	(1944.776 - 906.551) )	/ 2 )
	=	129.584	/	( ( 1020.196	+	1038.225 )	/ 2 )
	=	129.584	/	1029.2105
	=	12.59 %

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

Guangbo Group Stock Co (SZSE:002103) 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.

Guangbo Group Stock Co ROCE % Related Terms

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Guangbo Group Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangbo Group Stock Co Ltd (SZSE:002103) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Che He, Shijie Street, Haishu District, Zhejiang Province, Ningbo, CHN, 315153

Website

http://www.guangbo.net

Guangbo Group Stock Co Ltd is involved in making office stationery, printing paper products, plastic products and export-import trade. Its products are found in supermarkets and wholesale markets in large and medium cities in China.

Executives

Ren Hang Zhong	Director
Hu Zhi Ming	Director
Dai Guo Ping	Directors, executives
Wang Li Ping	Director
Lin Xiao Fan	Supervisors
Wang Jun Ping	Directors, executives
Yang Hao Yue	Securities Affairs Representative
Yin Zhong Li	Independent director
Zhu Guo Zhang	Supervisors

Guangbo Group Stock Co Headlines

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