Guangzhou Metro Design & Research Institute Co (SZSE:003013) ROCE % : 19.03% (As of Mar. 2024)

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What is Guangzhou Metro Design & Research Institute 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. Guangzhou Metro Design & Research Institute Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.03%.

Guangzhou Metro Design & Research Institute Co ROCE % Historical Data

The historical data trend for Guangzhou Metro Design & Research Institute 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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Guangzhou Metro Design & Research Institute Co ROCE % Chart

Guangzhou Metro Design & Research Institute Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.56

23.73

21.84

21.96

21.52

Guangzhou Metro Design & Research Institute 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															20.49	22.67	14.63	29.32	19.03

Guangzhou Metro Design & Research Institute Co ROCE % Calculation

Guangzhou Metro Design & Research Institute 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 )
	=	508.638	/	( ( (4903.467 - 2668.878)	+	(5766.523 - 3274.868) )	/ 2 )
	=	508.638	/	( (2234.589	+	2491.655)	/ 2 )
	=	508.638	/	2363.122
	=	21.52 %

Guangzhou Metro Design & Research Institute 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 )
	=	489.94	/	( ( (5766.523 - 3274.868)	+	(5369.971 - 2712.601) )	/ 2 )
	=	489.94	/	( ( 2491.655	+	2657.37 )	/ 2 )
	=	489.94	/	2574.5125
	=	19.03 %

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

Guangzhou Metro Design & Research Institute Co (SZSE:003013) 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.

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Guangzhou Metro Design & Research Institute Co (SZSE:003013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangzhou Metro Design & Research Institute Co Ltd (SZSE:003013) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 204, Huanshi West Road, Yuexiu District, Guangdong Province, Guangzhou, CHN, 510010

Website

https://www.gmdi.cn

Guangzhou Metro Design & Research Institute Co Ltd is engaged in survey and design, planning consultation, general engineering contracting in urban rail transit, municipal administration, construction and other fields. The company's design items, include various types of subway, light rail, intercity rail transportation, modern trams, automatic rail system, low-speed magnetic levitation , operating traffic mileage of more than 500 kilometers; stations and various tunnel; completed the cities of network planning, underground space development, superstructure, transportation hubs and other projects.

Executives

Liao Jing

Directors, executives

Guangzhou Metro Design & Research Institute Co (SZSE:003013) Headlines

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