Goldcard Smart Group Co (SZSE:300349) ROCE % : 10.01% (As of Mar. 2024)

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What is Goldcard Smart 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. Goldcard Smart Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.01%.

Goldcard Smart Group Co ROCE % Historical Data

The historical data trend for Goldcard Smart 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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Goldcard Smart Group Co ROCE % Chart

Goldcard Smart Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.80

4.19

7.59

7.34

10.89

Goldcard Smart Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.81	13.66	9.14	11.83	10.01

Goldcard Smart Group Co ROCE % Calculation

Goldcard Smart 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 )
	=	499.689	/	( ( (6046.51 - 1723.109)	+	(7217.257 - 2362.492) )	/ 2 )
	=	499.689	/	( (4323.401	+	4854.765)	/ 2 )
	=	499.689	/	4589.083
	=	10.89 %

Goldcard Smart Group Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	489.916	/	( ( (7217.257 - 2362.492)	+	(6938.86 - 2005.536) )	/ 2 )
	=	489.916	/	( ( 4854.765	+	4933.324 )	/ 2 )
	=	489.916	/	4894.0445
	=	10.01 %

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

Goldcard Smart Group Co (SZSE:300349) 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.

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Goldcard Smart Group Co (SZSE:300349) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Goldcard Smart Group Co Ltd (SZSE:300349) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.158, Jinqiao Street, Hangzhou Economic & Technological Development Area, Zhejiang Province, Hangzhou, CHN, 310018

Website

http://www.china-goldcard.com

Goldcard Smart Group Co Ltd is engaged in the research and development, production and sales of intelligent gas meter and gas measurement management system. The company distributes its products in domestic markets.

Executives

Wang Zhe	Directors, executives
Deng Wen Qing	Securities Affairs Representative
Yang Bin	Directors, executives
Zhu Yang Zhou	Directors, executives
Li Ling Ling	Executives
He Guo Wen	Supervisors
Chou Liang	Directors, executives
Liu Zhong Jin	Directors, executives
Zhang Hong Ye	Director
Yu Dong Lin	Supervisors
Ma Fang Fen	Secretary Dong
Shen Wen Xin	Independent director
Huang Guang Kun	Supervisors

Goldcard Smart Group Co (SZSE:300349) Headlines

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