Chengdu ALD Aviation Manufacturing (SZSE:300696) ROCE % : -0.10% (As of Sep. 2024)

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What is Chengdu ALD Aviation Manufacturing 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. Chengdu ALD Aviation Manufacturing's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.10%.

Chengdu ALD Aviation Manufacturing ROCE % Historical Data

The historical data trend for Chengdu ALD Aviation Manufacturing'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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Chengdu ALD Aviation Manufacturing ROCE % Chart

Chengdu ALD Aviation Manufacturing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.10

17.48

21.64

13.44

4.23

Chengdu ALD Aviation Manufacturing 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															1.66	-7.98	-1.05	-2.45	-0.10

Chengdu ALD Aviation Manufacturing ROCE % Calculation

Chengdu ALD Aviation Manufacturing'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 )
	=	82.374	/	( ( (2150.242 - 205.461)	+	(2187.141 - 235.591) )	/ 2 )
	=	82.374	/	( (1944.781	+	1951.55)	/ 2 )
	=	82.374	/	1948.1655
	=	4.23 %

Chengdu ALD Aviation Manufacturing'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 )
	=	-1.972	/	( ( (2029.37 - 126.697)	+	(2110.443 - 186.904) )	/ 2 )
	=	-1.972	/	( ( 1902.673	+	1923.539 )	/ 2 )
	=	-1.972	/	1913.106
	=	-0.10 %

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

Chengdu ALD Aviation Manufacturing (SZSE:300696) 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.

Chengdu ALD Aviation Manufacturing ROCE % Related Terms

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Chengdu ALD Aviation Manufacturing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Chengdu ALD Aviation Manufacturing Corp (SZSE:300696) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Antai Second Road, Gaoxin West District, Chengdu, CHN

Website

http://www.cdald.com

Chengdu ALD Aviation Manufacturing Corp is based in the aviation field. It is mainly engaged in the manufacturing and processing of aerospace components. The products mainly include aircraft landing gear, boarding gates, emergency doors, spoilers, ailerons, wheel wells, rudders, among others.

Executives

Wei Xue Song	Executives
Liu Xiao Fen	Executives
Chen Miao	Directors, executives
Ma Qing Feng	Executives
Li Shun	Executives
Wang Qi	Executives
Yang You Xin	Director
Ding Hong Tao	Supervisors
Xie Peng	Supervisors
Ran Guang Wen	Director
Fan Qing Xin	Director
Jiang Wen Ting	Supervisors, securities affairs representatives

Chengdu ALD Aviation Manufacturing Headlines

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