Beijing Creative Group Co (SZSE:002350) ROCE % : 4.01% (As of Sep. 2024)

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What is Beijing Creative Group 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. Beijing Creative Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.01%.

Beijing Creative Group Co ROCE % Historical Data

The historical data trend for Beijing Creative Group 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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Beijing Creative Group Co ROCE % Chart

Beijing Creative Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.04

4.34

6.44

1.78

-10.28

Beijing Creative Group 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															-0.19	-35.39	-5.07	3.43	4.01

Beijing Creative Group Co ROCE % Calculation

Beijing Creative Group 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 )
	=	-194.046	/	( ( (3354.192 - 1354.243)	+	(2760.914 - 983.895) )	/ 2 )
	=	-194.046	/	( (1999.949	+	1777.019)	/ 2 )
	=	-194.046	/	1888.484
	=	-10.28 %

Beijing Creative Group 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 )
	=	72.264	/	( ( (2631.364 - 834.209)	+	(2686.292 - 874.866) )	/ 2 )
	=	72.264	/	( ( 1797.155	+	1811.426 )	/ 2 )
	=	72.264	/	1804.2905
	=	4.01 %

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

Beijing Creative Group Co (SZSE:002350) 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.

Beijing Creative Group Co ROCE % Related Terms

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Beijing Creative Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Creative Group Co Ltd (SZSE:002350) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 10, Xibeiwang East Road, Building 4, East District, Haidian District, Beijing, CHN, 100193

Website

https://www.creat-da.com.cn

Beijing Creative Group Co Ltd is engaged in Research & Development, production and sales of 12kV power distribution and control equipment.

Executives

Shen Wei	Executives
Wang Jian	Executives
Liu Hou Di	Securities Affairs Representative
Zhu Ming	Executives
An Zhi Gang	Directors, executives
Zhang Xin Yu	Director
Guo Wen Liang	Secretary, Director
Li Jin Ming	Executives

Beijing Creative Group Co Headlines

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