Aerospace CH UAV Co (SZSE:002389) ROCE % : 0.50% (As of Mar. 2024)

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What is Aerospace CH UAV 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. Aerospace CH UAV Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.50%.

Aerospace CH UAV Co ROCE % Historical Data

The historical data trend for Aerospace CH UAV 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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Aerospace CH UAV Co ROCE % Chart

Aerospace CH UAV Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.60

4.87

3.69

4.39

2.44

Aerospace CH UAV Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.22	5.23	1.62	1.70	0.50

Aerospace CH UAV Co ROCE % Calculation

Aerospace CH UAV 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 )
	=	204.395	/	( ( (9854.575 - 1457.477)	+	(10638.537 - 2291.854) )	/ 2 )
	=	204.395	/	( (8397.098	+	8346.683)	/ 2 )
	=	204.395	/	8371.8905
	=	2.44 %

Aerospace CH UAV Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	41.848	/	( ( (10638.537 - 2291.854)	+	(10349.578 - 1970.513) )	/ 2 )
	=	41.848	/	( ( 8346.683	+	8379.065 )	/ 2 )
	=	41.848	/	8362.874
	=	0.50 %

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

Aerospace CH UAV Co (SZSE:002389) 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.

Aerospace CH UAV Co ROCE % Related Terms

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Aerospace CH UAV Co (SZSE:002389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Aerospace CH UAV Co Ltd (SZSE:002389) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

388 Boulevard Development Zone, Taizhou, CHN, 318000

Website

http://www.nykj.cc

Aerospace CH UAV Co Ltd is engaged in the development, design, production, maintenance and sales of aviation, spacecraft and equipment, film for capacitors, optical grade polyester film, solar battery back film, packaging film, capacitor manufacturing, sales, aviation, spacecraft and equipment technical consulting services, equipment leasing, computer software design, research and development, installation, commissioning and technical services.

Executives

Qin Yong Ming	Director
Shao Yi Xing	Executives
Zhang Quan	Supervisors
Zhang Li Song	Supervisors
Li Feng	Director
Huang Guo Jiang	Director
Hu Xiao Feng	Director
Du Zhi Xi	Directors, executives
Hu Mei Xiao	Directors, executives
Hong Wei	Supervisors
Wang Yun Yan	Supervisors
Feng Xiao Yu	Director
Feng Hai Bin	Supervisors

Aerospace CH UAV Co (SZSE:002389) Headlines

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