Hangzhou GreatStar Industrial Co (SZSE:002444) ROCE % : 21.30% (As of Sep. 2024)

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What is Hangzhou GreatStar Industrial 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. Hangzhou GreatStar Industrial Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 21.30%.

Hangzhou GreatStar Industrial Co ROCE % Historical Data

The historical data trend for Hangzhou GreatStar Industrial 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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Hangzhou GreatStar Industrial Co ROCE % Chart

Hangzhou GreatStar Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.19

16.78

13.14

13.06

13.68

Hangzhou GreatStar Industrial 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															18.90	7.60	13.45	22.78	21.30

Hangzhou GreatStar Industrial Co ROCE % Calculation

Hangzhou GreatStar Industrial 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 )
	=	2073.479	/	( ( (18596.306 - 3741.6)	+	(19683.797 - 4232.676) )	/ 2 )
	=	2073.479	/	( (14854.706	+	15451.121)	/ 2 )
	=	2073.479	/	15152.9135
	=	13.68 %

Hangzhou GreatStar Industrial 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 )
	=	3592.564	/	( ( (21003.48 - 4459.336)	+	(23039.778 - 5844.622) )	/ 2 )
	=	3592.564	/	( ( 16544.144	+	17195.156 )	/ 2 )
	=	3592.564	/	16869.65
	=	21.30 %

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

Hangzhou GreatStar Industrial Co (SZSE:002444) 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.

Hangzhou GreatStar Industrial Co ROCE % Related Terms

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Hangzhou GreatStar Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou GreatStar Industrial Co Ltd (SZSE:002444) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.35 Jiuhuan Road, Shangcheng District, Zhejiang, Hangzhou, CHN, 310019

Website

https://www.greatstartools.com

Hangzhou GreatStar Industrial Co Ltd is a developer, manufacturer, and supplier of tools, the company is a hand tool vendor in Asia. Its products include Hand tools; Specialty tools like drywall tools, masonry tools, painting tools, tile tools, electrical tools, plumbing tools, automotive tools, Garden tools; Power tools, Tool sets, Flashlights.

Executives

Chou Jian Ping	Director
Zhou Si Yuan	Secretary Dong
Li Feng	Executives
Wang Ling Ling	Directors, executives
Li Zheng	Directors, executives
Chi Xiao Heng	Directors, executives
Wang Wei Yi	Executives
Wang Min	Executives
Huang Ai Hua	Independent director
Yu Wen Tian	Supervisors
Jiang Sai Ping	Supervisors

Hangzhou GreatStar Industrial Co Headlines

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