Xiamen GP Electronics Co (SZSE:300632) ROCE % : 5.96% (As of Sep. 2024)

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What is Xiamen GP Electronics 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. Xiamen GP Electronics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.96%.

Xiamen GP Electronics Co ROCE % Historical Data

The historical data trend for Xiamen GP Electronics 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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Xiamen GP Electronics Co ROCE % Chart

Xiamen GP Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.26

12.01

5.01

3.42

5.14

Xiamen GP Electronics 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															6.40	-5.75	6.17	5.56	5.96

Xiamen GP Electronics Co ROCE % Calculation

Xiamen GP Electronics 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 )
	=	103.797	/	( ( (2588.08 - 585.926)	+	(2598.677 - 565.451) )	/ 2 )
	=	103.797	/	( (2002.154	+	2033.226)	/ 2 )
	=	103.797	/	2017.69
	=	5.14 %

Xiamen GP Electronics 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 )
	=	113.072	/	( ( (2441.353 - 560.103)	+	(2428.907 - 514.554) )	/ 2 )
	=	113.072	/	( ( 1881.25	+	1914.353 )	/ 2 )
	=	113.072	/	1897.8015
	=	5.96 %

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

Xiamen GP Electronics Co (SZSE:300632) 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.

Xiamen GP Electronics Co ROCE % Related Terms

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Xiamen GP Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Xiamen GP Electronics Co Ltd (SZSE:300632) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.608 Lingdou West Road, Siming District, Fujian Province, Xiamen, CHN, 361009

Website

http://www.goproled.cn

Xiamen GP Electronics Co Ltd is a China-based company engages in the manufacture, and sale of LED packaging and application products. It is also engaged in the research and development of key components (LED packaging, LED backlight components, FPC) for LED lighting and LED applications.

Executives

Lin Rui Mei	Director
Lin Wen Kun	Directors, executives
Peng Xin Xia	Executives
Wu Xi Min	Directors, executives
Zhan Qing Rong	Securities Affairs Representative

Xiamen GP Electronics Co Headlines

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