Wuchan Zhongda Geron Co (SZSE:002722) ROCE % : 6.03% (As of Sep. 2024)

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What is Wuchan Zhongda Geron 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. Wuchan Zhongda Geron Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.03%.

Wuchan Zhongda Geron Co ROCE % Historical Data

The historical data trend for Wuchan Zhongda Geron 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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Wuchan Zhongda Geron Co ROCE % Chart

Wuchan Zhongda Geron Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.30

5.17

10.13

7.34

7.13

Wuchan Zhongda Geron 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															7.93	7.31	7.09	9.32	6.03

Wuchan Zhongda Geron Co ROCE % Calculation

Wuchan Zhongda Geron 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 )
	=	181.138	/	( ( (2752.074 - 408.167)	+	(3210.435 - 473.281) )	/ 2 )
	=	181.138	/	( (2343.907	+	2737.154)	/ 2 )
	=	181.138	/	2540.5305
	=	7.13 %

Wuchan Zhongda Geron 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 )
	=	169.16	/	( ( (3011.67 - 224.468)	+	(3336.518 - 516.37) )	/ 2 )
	=	169.16	/	( ( 2787.202	+	2820.148 )	/ 2 )
	=	169.16	/	2803.675
	=	6.03 %

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

Wuchan Zhongda Geron Co (SZSE:002722) 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.

Wuchan Zhongda Geron Co ROCE % Related Terms

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Wuchan Zhongda Geron Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuchan Zhongda Geron Co Ltd (SZSE:002722) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999, Guangzhou Road, Haimen Economic and Technological Development Zone, Jiangsu Province, Nantong, CHN, 226009

Website

https://www.geron-card.com

Wuchan Zhongda Geron Co Ltd is engaged in the research, development, manufacture, and sale of parts for textile carding equipment. It offers metallic card clothing, flexible woolen card clothing, stationary flats, integrated cylinder, top comb and combing roller, among others. The company has a brand system of Blue Diamond, Diamond, Pioneer and Spider.

Executives

Jiang Zhou	Independent director
Ge Jing Ping	Supervisors
Hong Liang	Director
Lu Jian	Independent director
Tang Hua Jun	Executives
Qian Dong Yu	Executives
Lu Ting	Directors, executives
Li Fu He	Supervisors

Wuchan Zhongda Geron Co Headlines

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