Gosuncn Technology Group Co (SZSE:300098) ROCE % : -5.37% (As of Sep. 2024)

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What is Gosuncn Technology Group 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. Gosuncn Technology Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -5.37%.

Gosuncn Technology Group Co ROCE % Historical Data

The historical data trend for Gosuncn Technology Group 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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Gosuncn Technology Group Co ROCE % Chart

Gosuncn Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-21.97

-27.03

1.19

-7.11

-2.86

Gosuncn Technology Group 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															-1.22	-5.14	0.94	-0.73	-5.37

Gosuncn Technology Group Co ROCE % Calculation

Gosuncn Technology Group 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 )
	=	-97.744	/	( ( (5337.36 - 1942.343)	+	(5224.627 - 1788.517) )	/ 2 )
	=	-97.744	/	( (3395.017	+	3436.11)	/ 2 )
	=	-97.744	/	3415.5635
	=	-2.86 %

Gosuncn Technology Group 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 )
	=	-184.14	/	( ( (5038.616 - 1590.666)	+	(4997.798 - 1593.294) )	/ 2 )
	=	-184.14	/	( ( 3447.95	+	3404.504 )	/ 2 )
	=	-184.14	/	3426.227
	=	-5.37 %

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

Gosuncn Technology Group Co (SZSE:300098) 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.

Gosuncn Technology Group Co ROCE % Related Terms

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Gosuncn Technology Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gosuncn Technology Group Co Ltd (SZSE:300098) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

6th floor, No. 2819, Chuangchuang Avenue, Science City, Huangpu District, Guangdong, Guangzhou, CHN, 510530

Website

http://www.gosuncn.com

Gosuncn Technology Group Co Ltd is engaged in the research and development and application of core technologies, products and solutions based on the Internet of Things and artificial intelligence and provides smart city Internet of Things products and services.

Executives

Liu Shuang Guang	Directors, executives
Gu Yong Cheng	Directors, executives
Zhou Jie Ying	Supervisors
Jiang Tao	Supervisors
Huang Can	Securities Affairs Representative
Hou Yu Qing	Directors, executives
Jia You Yao	Director
Fang Ying Jie	Directors, executives
Fan Xiao Bing	Directors, executives
Cheng Jing	Supervisors
Jiang Cheng	Executives
Huang Hai Chao	Executives
Wang Min	Supervisors
Wang Zheng Wu	Securities Affairs Representative
Qiu Chun Sen	Supervisors

Gosuncn Technology Group Co Headlines

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