Guangzhou Devotion Thermal Technology Co (SZSE:300335) ROCE % : 8.60% (As of Sep. 2024)

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What is Guangzhou Devotion Thermal 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. Guangzhou Devotion Thermal Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.60%.

Guangzhou Devotion Thermal Technology Co ROCE % Historical Data

The historical data trend for Guangzhou Devotion Thermal 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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Guangzhou Devotion Thermal Technology Co ROCE % Chart

Guangzhou Devotion Thermal Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.43

5.60

-0.26

7.96

5.69

Guangzhou Devotion Thermal 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															7.23	2.88	3.39	8.40	8.60

Guangzhou Devotion Thermal Technology Co ROCE % Calculation

Guangzhou Devotion Thermal 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 )
	=	126.428	/	( ( (3081.686 - 765.775)	+	(2874.247 - 749.896) )	/ 2 )
	=	126.428	/	( (2315.911	+	2124.351)	/ 2 )
	=	126.428	/	2220.131
	=	5.69 %

Guangzhou Devotion Thermal 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 )
	=	182.7	/	( ( (2782.696 - 670.076)	+	(2786.566 - 649.875) )	/ 2 )
	=	182.7	/	( ( 2112.62	+	2136.691 )	/ 2 )
	=	182.7	/	2124.6555
	=	8.60 %

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

Guangzhou Devotion Thermal Technology Co (SZSE:300335) 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.

Guangzhou Devotion Thermal Technology Co ROCE % Related Terms

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Guangzhou Devotion Thermal Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangzhou Devotion Thermal Technology Co Ltd (SZSE:300335) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 42, Dongzhong Road,, Economic and Technological Development Zone, East District, Guangdong Province, Guangzhou, CHN, 510760

Website

https://www.devotiongroup.com

Guangzhou Devotion Thermal Technology Co Ltd is a biomass energy company. Its core business activities are categorized into three segments - Clean Energy Integrated Services, Industrial Boiler Manufacturing, Indoor Health Environment Management. Its products cover fuel gas boilers, biomass boilers, electric boilers and various pressure vessel equipment. In the international market, the company's products are exported to Europe, the Americas, the Middle East and other places.

Executives

	Directors, executives
Li Zu Qin	Director
Ma Ge	Directors, executives
Chen Yan Fang	Directors, Directors, and Executives
Huang Bo	Secretary Dong
Zhao Chao Lan	Securities Affairs Representative
Chang Hou Chun	Director
Wu Qi	Independent director
Ceng Jian Fei	Executives
Qian Yan Bin	Director
Zhang Kai Hui	Directors, executives

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