Changgao Electric Group Co (SZSE:002452) ROCE % : 11.36% (As of Sep. 2024)

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What is Changgao Electric 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. Changgao Electric Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.36%.

Changgao Electric Group Co ROCE % Historical Data

The historical data trend for Changgao Electric 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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Changgao Electric Group Co ROCE % Chart

Changgao Electric Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.67

16.21

14.58

2.94

8.49

Changgao Electric 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															15.45	1.42	5.89	17.06	11.36

Changgao Electric Group Co ROCE % Calculation

Changgao Electric 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 )
	=	211.648	/	( ( (3255.877 - 819.786)	+	(3241.126 - 688.571) )	/ 2 )
	=	211.648	/	( (2436.091	+	2552.555)	/ 2 )
	=	211.648	/	2494.323
	=	8.49 %

Changgao Electric 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 )
	=	292.948	/	( ( (3146.072 - 601.855)	+	(3354.712 - 739.396) )	/ 2 )
	=	292.948	/	( ( 2544.217	+	2615.316 )	/ 2 )
	=	292.948	/	2579.7665
	=	11.36 %

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

Changgao Electric Group Co (SZSE:002452) 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.

Changgao Electric Group Co ROCE % Related Terms

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Changgao Electric Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changgao Electric Group Co Ltd (SZSE:002452) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 393, Section 3, Wangcheng Economic and Technological Development Zone, Changsha, CHN, 410219

Website

http://www.gykg.cn

Changgao Electric Group Co Ltd is engaged in power equipment manufacturing, engineering services, new energy vehicle operation, and power trading operations. The products of the company include gas insulated metal enclosed switchgear, tank circuit breaker, and combined substation.

Executives

Ma Xiao Wu	Director
Lin Lin	Directors, Directors, and Executives
Gao Zhen An	Supervisors
Chen Zhi Gang	Supervisors
Ma Xiao	Directors, executives
Liu Jia Yu	Director
Liu Yun Qiang	Executives
Tang Jian She	Directors, executives
Peng Qiang	Directors, executives
Liu An Xi	Director
Wen Wei	Supervisors
Xiao Shi Wei	Executives
Lin Shen	Independent director
Peng Lin	Securities Affairs Representative
Liao Jun De	Directors, executives

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