Wuhan Raycus Fiber Laser Technologies Co (SZSE:300747) ROCE % : 2.81% (As of Sep. 2024)

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What is Wuhan Raycus Fiber Laser Technologies 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. Wuhan Raycus Fiber Laser Technologies Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.81%.

Wuhan Raycus Fiber Laser Technologies Co ROCE % Historical Data

The historical data trend for Wuhan Raycus Fiber Laser Technologies 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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Wuhan Raycus Fiber Laser Technologies Co ROCE % Chart

Wuhan Raycus Fiber Laser Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.66

13.56

18.42

0.64

7.17

Wuhan Raycus Fiber Laser Technologies 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															7.13	6.35	8.97	3.27	2.81

Wuhan Raycus Fiber Laser Technologies Co ROCE % Calculation

Wuhan Raycus Fiber Laser Technologies 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 )
	=	245.168	/	( ( (5469.859 - 2147.564)	+	(5840.81 - 2325.844) )	/ 2 )
	=	245.168	/	( (3322.295	+	3514.966)	/ 2 )
	=	245.168	/	3418.6305
	=	7.17 %

Wuhan Raycus Fiber Laser Technologies 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 )
	=	100.372	/	( ( (5716.195 - 2163.623)	+	(5457.013 - 1866.042) )	/ 2 )
	=	100.372	/	( ( 3552.572	+	3590.971 )	/ 2 )
	=	100.372	/	3571.7715
	=	2.81 %

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

Wuhan Raycus Fiber Laser Technologies Co (SZSE:300747) 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.

Wuhan Raycus Fiber Laser Technologies Co ROCE % Related Terms

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Wuhan Raycus Fiber Laser Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wuhan Raycus Fiber Laser Technologies Co Ltd (SZSE:300747) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999, Gaoxin Avenue, Donghu Development Zone, Hubei Province, Wuhan, CHN, 430073

Website

http://www.raycuslaser.com

Wuhan Raycus Fiber Laser Technologies Co Ltd is a China based company engaged in the business of research, development and scale production of high-power fiber lasers and core devices. The company's product portfolio includes short pulsed fiber laser, single module fiber laser, high-power multimode continuous laser, fiber-delivered direct diode laser and others.

Executives

Li Li Bo	Executives
Lu Kun Zhong	Directors, Directors, and Executives
Li Cheng	Executives
Yan Da Peng	Directors, executives
Li Da Jiang	Supervisors
Li Xing	Supervisors
Wang Wei	Executives
Cao Lei	Executives
Li Jie	Executives
Xu Shao Hua	Director
Lv Wei Min	Directors, executives

Wuhan Raycus Fiber Laser Technologies Co Headlines

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