Dongguan Golden Sun Abrasives Co (SZSE:300606) ROCE % : 2.97% (As of Sep. 2024)

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What is Dongguan Golden Sun Abrasives 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. Dongguan Golden Sun Abrasives Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.97%.

Dongguan Golden Sun Abrasives Co ROCE % Historical Data

The historical data trend for Dongguan Golden Sun Abrasives 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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Dongguan Golden Sun Abrasives Co ROCE % Chart

Dongguan Golden Sun Abrasives Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.93

15.34

13.56

4.34

8.57

Dongguan Golden Sun Abrasives 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															15.45	12.20	3.75	6.38	2.97

Dongguan Golden Sun Abrasives Co ROCE % Calculation

Dongguan Golden Sun Abrasives 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 )
	=	60.599	/	( ( (835.862 - 214.339)	+	(1105.862 - 312.577) )	/ 2 )
	=	60.599	/	( (621.523	+	793.285)	/ 2 )
	=	60.599	/	707.404
	=	8.57 %

Dongguan Golden Sun Abrasives 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 )
	=	25.256	/	( ( (1148.141 - 305.334)	+	(1116.747 - 260.427) )	/ 2 )
	=	25.256	/	( ( 842.807	+	856.32 )	/ 2 )
	=	25.256	/	849.5635
	=	2.97 %

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

Dongguan Golden Sun Abrasives Co (SZSE:300606) 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.

Dongguan Golden Sun Abrasives Co ROCE % Related Terms

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Dongguan Golden Sun Abrasives Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dongguan Golden Sun Abrasives Co Ltd (SZSE:300606) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Dahuan Road, Dalingshan Town, Guangdong Province, Dongguan, CHN, 523826

Website

http://www.chinagoldensun.cn

Dongguan Golden Sun Abrasives Co Ltd is based in China. The company is mainly engaged in the research and development, production and sales of polishing materials, high-end intelligent equipment and precision structural parts manufacturing services, providing customers with comprehensive solutions for precision grinding and polishing and precision structural parts manufacturing.

Executives

Du Zhang Bo	Director
Yang Wei	Directors, executives
Fang Hong	Directors, executives
Liu Yi Biao	Directors, executives
Du Yan Yan	Secretary Dong
Nong Zhong Chao	Executives
Zhu Yuan Ji	Executives
Yan Xin Ting	Supervisors
Yang Lu	Directors, executives
Li Ya Bin	Supervisors
Xu Man	Director

Dongguan Golden Sun Abrasives Co Headlines

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