Guangdong Topstar Technology Co (SZSE:300607) ROCE % : -3.18% (As of Sep. 2024)

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What is Guangdong Topstar 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. Guangdong Topstar Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.18%.

Guangdong Topstar Technology Co ROCE % Historical Data

The historical data trend for Guangdong Topstar 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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Guangdong Topstar Technology Co ROCE % Chart

Guangdong Topstar Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.41

30.11

3.98

7.78

5.33

Guangdong Topstar 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															8.55	-3.76	6.08	1.37	-3.18

Guangdong Topstar Technology Co ROCE % Calculation

Guangdong Topstar 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 )
	=	181.162	/	( ( (6651.865 - 3383.803)	+	(7093.246 - 3562.726) )	/ 2 )
	=	181.162	/	( (3268.062	+	3530.52)	/ 2 )
	=	181.162	/	3399.291
	=	5.33 %

Guangdong Topstar 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 )
	=	-108.836	/	( ( (6835.921 - 3366.147)	+	(6417.95 - 3042.822) )	/ 2 )
	=	-108.836	/	( ( 3469.774	+	3375.128 )	/ 2 )
	=	-108.836	/	3422.451
	=	-3.18 %

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

Guangdong Topstar Technology Co (SZSE:300607) 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.

Guangdong Topstar Technology Co ROCE % Related Terms

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Guangdong Topstar Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Topstar Technology Co Ltd (SZSE:300607) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Changtang Road, Datanglang Village, Dalingshan Town, Guangdong Province, Dongguan, CHN, 523820

Website

http://www.topstarltd.com

Guangdong Topstar Technology Co Ltd is a Chinese company engaged in manufacturing of automation equipment. It designs and develops industrial robots, standard linear robots, auxiliary equipment, solution systems, automation solutions, and energy saving and info planning solutions. Industrial robots cover six-axis industrial robot and four-axis industrial robot. Standard linear robots include swing-arm robots, single axis AC servo driven robots, two axis AC servo driven robots, and others. Auxiliary equipment comprises drying and dehumidifying system, mold temperature control system, feeding and conveying system, Tcooling system, dosing and mixing system, and granulating and cycling system. Energy saving and info planning solutions includes centralized feeding system.

Executives

Wu Feng Li	Directors, executives
Yang Shuang Bao	Directors, executives
Huang Dai Bo	Directors, executives

Guangdong Topstar Technology Co Headlines

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