Guangdong Modern High-Tech Fiber Co (SZSE:300876) ROCE % : -1.39% (As of Mar. 2024)

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What is Guangdong Modern High-Tech Fiber 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 Modern High-Tech Fiber Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.39%.

Guangdong Modern High-Tech Fiber Co ROCE % Historical Data

The historical data trend for Guangdong Modern High-Tech Fiber 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 Modern High-Tech Fiber Co ROCE % Chart

Guangdong Modern High-Tech Fiber Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.78

18.63

10.09

6.07

2.58

Guangdong Modern High-Tech Fiber Co Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.18	1.70	3.70	1.68	-1.39

Guangdong Modern High-Tech Fiber Co ROCE % Calculation

Guangdong Modern High-Tech Fiber 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 )
	=	31.68	/	( ( (1236.877 - 77.338)	+	(1467.878 - 175.133) )	/ 2 )
	=	31.68	/	( (1159.539	+	1292.745)	/ 2 )
	=	31.68	/	1226.142
	=	2.58 %

Guangdong Modern High-Tech Fiber Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-18	/	( ( (1467.878 - 175.133)	+	(1687.012 - 394.758) )	/ 2 )
	=	-18	/	( ( 1292.745	+	1292.254 )	/ 2 )
	=	-18	/	1292.4995
	=	-1.39 %

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

Guangdong Modern High-Tech Fiber Co (SZSE:300876) 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 Modern High-Tech Fiber Co ROCE % Related Terms

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Guangdong Modern High-Tech Fiber Co (SZSE:300876) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Guangdong Modern High-Tech Fiber Co Ltd (SZSE:300876) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Xipian Industrial Zone, Jiedong City, Guangdong Province, Jieyang, CHN, 515500

Website

http://www.gdguangdong.com

Guangdong Modern High-Tech Fiber Co Ltd is engaged in production and sales of polypropylene fiber. The company's product categories include MODERNS PP Microfiber; Differential Fiber PP Yarn; PP intermingled FDY; PP Profiled Yarn; PP Twisted Yarn; PP BCF YARN; and PP ATY.

Executives

Zhu Shao Fen	Directors, executives
Zheng Xiao Yi	Executives

Guangdong Modern High-Tech Fiber Co (SZSE:300876) Headlines

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