GI Technologies Group Co (SZSE:300309) ROCE % : 0.00% (As of Mar. 2023)

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What is GI Technologies 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. GI Technologies Group Co's annualized ROCE % for the quarter that ended in Mar. 2023 was 0.00%.

GI Technologies Group Co ROCE % Historical Data

The historical data trend for GI Technologies 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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GI Technologies Group Co ROCE % Chart

GI Technologies Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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6.03

-30.93

-21.33

-42.98

-171.80

GI Technologies Group Co Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															-25.68	-26.51	-50.98	-	-

GI Technologies Group Co ROCE % Calculation

GI Technologies Group Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-894.857	/	( ( (4336.315 - 2701.182)	+	(1325.869 - 1919.229) )	/ 2 )
	=	-894.857	/	( (1635.133	+	-593.36)	/ 2 )
	=	-894.857	/	520.8865
	=	-171.80 %

GI Technologies Group Co's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-316.88	/	( ( (1325.869 - 1919.229)	+	(1257.025 - 1895.009) )	/ 2 )
	=	-316.88	/	( ( -593.36	+	-637.984 )	/ 2 )
	=	-316.88	/	-615.672
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

GI Technologies Group Co (SZSE:300309) 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.

GI Technologies Group Co ROCE % Related Terms

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GI Technologies Group Co (SZSE:300309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GI Technologies Group Co Ltd (SZSE:300309) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haiying Road, Room 201, 2nd Floor, Building 2, Fengtai District, Beijing, CHN

Website

http://www.gi-tech.cn

GI Technologies Group Co Ltd is engaged in the research and development, manufacturing of petroleum equipment. The company operates through three main businesses: petroleum equipment manufacturing, petroleum engineering services and petrochemical. Its petroleum engineering services comprise well logging service, directional drilling service, and downhole operation service. The petrochemical business is mainly engaged in the oil refining and oil trade. In addition, the company is also engaged in the asset management business. It operates in more than 20 countries and regions at home and abroad.

Executives

Yao Qing	Directors, executives
Xu Bo	Director
Huang Wen Zhi	Director
Gao Huai Xue	Secretary Dong
Fu Da Peng	Supervisors
Feng Yu Ping	Executives
Li Xin Min	Executives
Chen Gang	Independent director
Zhang Feng	Supervisors
He Nian	Supervisors

GI Technologies Group Co (SZSE:300309) Headlines

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