Goody Science and Technology Co (SZSE:002694) ROCE % : -13.57% (As of Sep. 2024)

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What is Goody Science and Technology 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. Goody Science and Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -13.57%.

Goody Science and Technology Co ROCE % Historical Data

The historical data trend for Goody Science and Technology 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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Goody Science and Technology Co ROCE % Chart

Goody Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.13

-26.87

-90.24

-40.13

28.24

Goody Science and Technology 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															-1.65	-36.55	-13.12	-14.37	-13.57

Goody Science and Technology Co ROCE % Calculation

Goody Science and Technology 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 )
	=	108.757	/	( ( (1826.881 - 1709.732)	+	(1345.023 - 691.871) )	/ 2 )
	=	108.757	/	( (117.149	+	653.152)	/ 2 )
	=	108.757	/	385.1505
	=	28.24 %

Goody Science and Technology 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 )
	=	-76.244	/	( ( (1212.097 - 637.695)	+	(1163.423 - 613.755) )	/ 2 )
	=	-76.244	/	( ( 574.402	+	549.668 )	/ 2 )
	=	-76.244	/	562.035
	=	-13.57 %

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

Goody Science and Technology Co (SZSE:002694) 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.

Goody Science and Technology Co ROCE % Related Terms

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Goody Science and Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Goody Science and Technology Co Ltd (SZSE:002694) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 18, Wuchu Avenue, Ezhou Economic Development Zone, Hubei Province, Ezhou, CHN, 436099

Website

https://www.goody.com.cn

Goody Science and Technology Co Ltd is engaged in manufacturing of plastic pipes. The company offers products including fire hose, drain pipes, water pipes and farm tubes.

Executives

Zhang Zhen Guo	Director
Zhang Wen Fang	Executives
Xu Hui Li	Supervisors
Fu Zhi Min	Directors, executives
Wang Han Hua	Executives
Wang Hong Lin	Directors, executives
Zhao Xia	Supervisors
Lin Chang Hua	Directors, executives
Shen Peng	Directors, executives
Lin Chao Qun	Director
Sun Zhi Jun	Executives

Goody Science and Technology Co Headlines

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