Gaona Aero Material Co (SZSE:300034) ROCE % : 7.50% (As of Sep. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Gaona Aero Material 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. Gaona Aero Material Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.50%.

Gaona Aero Material Co ROCE % Historical Data

The historical data trend for Gaona Aero Material 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.

* Premium members only.

Gaona Aero Material Co ROCE % Chart

Gaona Aero Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

10.82

11.85

11.80

11.32

Gaona Aero Material 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															13.46	9.73	14.46	13.56	7.50

Gaona Aero Material Co ROCE % Calculation

Gaona Aero Material 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 )
	=	473.934	/	( ( (6291.948 - 2268.644)	+	(7220.169 - 2870.621) )	/ 2 )
	=	473.934	/	( (4023.304	+	4349.548)	/ 2 )
	=	473.934	/	4186.426
	=	11.32 %

Gaona Aero Material 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 )
	=	341.644	/	( ( (7274.281 - 2777.199)	+	(7449.814 - 2842.338) )	/ 2 )
	=	341.644	/	( ( 4497.082	+	4607.476 )	/ 2 )
	=	341.644	/	4552.279
	=	7.50 %

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

Gaona Aero Material Co (SZSE:300034) 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.

Gaona Aero Material Co ROCE % Related Terms

Thank you for viewing the detailed overview of Gaona Aero Material Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Gaona Aero Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Gaona Aero Material Co Ltd (SZSE:300034) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19 Daliushu South Village, Haidian District, Beijing, Beijing, CHN, 100081

Website

http://www.cisri-gaona.com.cn

Gaona Aero Material Co Ltd is engaged in the research and development, production, and sales of high-temperature materials in aerospace materials. The products of the company include casting alloy products, deformed alloy products which include high-temperature alloy bar, superalloy pipe, powder alloy products which include powder superalloy forgings, and special alloy products which include oxide dispersion strengthening series, friction plate, and porous foam products.

Executives

Yang Jie	Executives
Cai Xiao Bao	Directors, executives
Zhou Qian	Executives
Yin Fa Jie	Executives
Zhang Ji	Executives
Shao Chong	Directors, executives
Ma Hong Jun	Securities Affairs Representative
Zhao Ming Han	Director
Xu Ruo Gang	Supervisors
Ma Zhang Lin	Executives
Xu Hong Gui	Directors, executives, securities affairs represen
Wang Chen	Director

Gaona Aero Material Co Headlines

No Headlines