Changshu Guorui Technology Co (SZSE:300600) ROCE % : -5.59% (As of Sep. 2024)

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What is Changshu Guorui 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. Changshu Guorui Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -5.59%.

Changshu Guorui Technology Co ROCE % Historical Data

The historical data trend for Changshu Guorui 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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Changshu Guorui Technology Co ROCE % Chart

Changshu Guorui Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.87

8.72

-29.98

0.56

-2.89

Changshu Guorui 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															-6.07	1.56	0.49	-5.57	-5.59

Changshu Guorui Technology Co ROCE % Calculation

Changshu Guorui 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 )
	=	-26.236	/	( ( (1216.466 - 345.596)	+	(1159.295 - 215.203) )	/ 2 )
	=	-26.236	/	( (870.87	+	944.092)	/ 2 )
	=	-26.236	/	907.481
	=	-2.89 %

Changshu Guorui 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 )
	=	-52.032	/	( ( (1144.487 - 206.947)	+	(1104.286 - 178.901) )	/ 2 )
	=	-52.032	/	( ( 937.54	+	925.385 )	/ 2 )
	=	-52.032	/	931.4625
	=	-5.59 %

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

Changshu Guorui Technology Co (SZSE:300600) 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.

Changshu Guorui Technology Co ROCE % Related Terms

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Changshu Guorui Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changshu Guorui Technology Co Ltd (SZSE:300600) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 2, Qingdao Road, High-tech Industrial Park, Yushan Town, Jiangsu Province, Changshu, CHN, 215500

Website

http://www.cn-ruite.com

Changshu Guorui Technology Co Ltd develops and manufactures marine electric and automation control equipment. Its products include medium and low voltage distribution series, power electronics series, automation management system series, automation equipment and control device series, marine breaker, reinforcing computer and wearable equipment for ships. In addition, the company also provides integration solution and after-sales services of the marine electric system.

Executives

Yang Jian Dong	Executives
Gong Rui Liang	Directors, executives
Wang Dong	Directors, executives
Lu Guo Liang	Directors, executives
Wang Ming Guang	Directors, executives
Lu Yang	Director
Wu Hong Fa	Securities Affairs Representative
Zhao Zhen Jiang	Director
Huang Huan	Director

Changshu Guorui Technology Co Headlines

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