Chengdu Guibao Science & Technology Co (SZSE:300019) ROCE % : 10.98% (As of Sep. 2024)

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What is Chengdu Guibao Science & 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. Chengdu Guibao Science & Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.98%.

Chengdu Guibao Science & Technology Co ROCE % Historical Data

The historical data trend for Chengdu Guibao Science & 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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Chengdu Guibao Science & Technology Co ROCE % Chart

Chengdu Guibao Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.90

23.48

18.91

12.87

15.35

Chengdu Guibao Science & 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															18.32	16.74	7.62	11.13	10.98

Chengdu Guibao Science & Technology Co ROCE % Calculation

Chengdu Guibao Science & 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 )
	=	363.565	/	( ( (2819.315 - 564.011)	+	(3220.515 - 737.809) )	/ 2 )
	=	363.565	/	( (2255.304	+	2482.706)	/ 2 )
	=	363.565	/	2369.005
	=	15.35 %

Chengdu Guibao Science & 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 )
	=	281.864	/	( ( (3190.127 - 700.573)	+	(3942.061 - 1296.065) )	/ 2 )
	=	281.864	/	( ( 2489.554	+	2645.996 )	/ 2 )
	=	281.864	/	2567.775
	=	10.98 %

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

Chengdu Guibao Science & Technology Co (SZSE:300019) 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.

Chengdu Guibao Science & Technology Co ROCE % Related Terms

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Chengdu Guibao Science & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chengdu Guibao Science & Technology Co Ltd (SZSE:300019) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Xinyuan Avenue, High-tech Zone, Sichuan, Chengdu, CHN, 610041

Website

http://www.cnguibao.com

Chengdu Guibao Science & Technology Co Ltd is engaged in the manufacture and sale of sealants in Sichuan, China. The Company offers silicone construction sealants and silicone industrial sealants.

Executives

Fang Li	Executives
Huang Qiang	Executives
Luo Xiao Feng	Executives
Ji Jian Xin	Supervisors
Guo Bin	Director
Huang Xiao Hui	Supervisors
Li Bu Chun	Director
Cai Xian Zhong	Director
Wang Yue Lin	Director
Wang You Zhi	Director
Chen Yan Wen	Director
Yang Ming Bo	Independent director
Ceng Yong Hong	Executives

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