Wuhan Golden Laser Co (SZSE:300220) ROCE % : 4.05% (As of Sep. 2024)

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What is Wuhan Golden Laser 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. Wuhan Golden Laser Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.05%.

Wuhan Golden Laser Co ROCE % Historical Data

The historical data trend for Wuhan Golden Laser 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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Wuhan Golden Laser Co ROCE % Chart

Wuhan Golden Laser Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.67

-22.99

-31.99

-17.34

-12.58

Wuhan Golden Laser 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															0.16	-41.25	14.17	-5.01	4.05

Wuhan Golden Laser Co ROCE % Calculation

Wuhan Golden Laser 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 )
	=	-22.077	/	( ( (357.978 - 151.024)	+	(299.704 - 155.693) )	/ 2 )
	=	-22.077	/	( (206.954	+	144.011)	/ 2 )
	=	-22.077	/	175.4825
	=	-12.58 %

Wuhan Golden Laser 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 )
	=	5.808	/	( ( (291.813 - 148.332)	+	(301.295 - 158.259) )	/ 2 )
	=	5.808	/	( ( 143.481	+	143.036 )	/ 2 )
	=	5.808	/	143.2585
	=	4.05 %

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

Wuhan Golden Laser Co (SZSE:300220) 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.

Wuhan Golden Laser Co ROCE % Related Terms

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Wuhan Golden Laser Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuhan Golden Laser Co Ltd (SZSE:300220) » Definitions » ROCE %

Comparable Companies

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Address

No. 3, Shiqiao 1st Road, Houhu Street, Jiang'an District, Wuhan, CHN, 430012

Website

http://www.goldenlaser.cn

Wuhan Golden Laser Co Ltd is engaged in the offering commercial application services. The company offers solutions in the field of 3D digital technology, lasers which include manufacture of laser intelligent equipment, cloud computing, and artificial intelligence.

Executives

Liang Ping	Directors, executives
Li Jun	Directors, executives
Liang Wei	Directors, executives
Zhu Yi Ming	Supervisors
Liang Fang	Director
Wang Dan Mei	Executives
Ai Jun	Directors, executives
Zhang Tao	Supervisors
Wu Tao	Executives
Luo Ming	Executives

Wuhan Golden Laser Co Headlines

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