Guanglian Aviation Industry Co (SZSE:300900) ROCE % : 4.32% (As of Sep. 2024)

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What is Guanglian Aviation Industry 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. Guanglian Aviation Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.32%.

Guanglian Aviation Industry Co ROCE % Historical Data

The historical data trend for Guanglian Aviation Industry 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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Guanglian Aviation Industry Co ROCE % Chart

Guanglian Aviation Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.22

11.18

2.49

8.60

5.16

Guanglian Aviation Industry 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															6.42	2.91	5.04	2.96	4.32

Guanglian Aviation Industry Co ROCE % Calculation

Guanglian Aviation Industry 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 )
	=	154.921	/	( ( (3126.325 - 551.626)	+	(4357.006 - 931.865) )	/ 2 )
	=	154.921	/	( (2574.699	+	3425.141)	/ 2 )
	=	154.921	/	2999.92
	=	5.16 %

Guanglian Aviation Industry 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 )
	=	152.484	/	( ( (4682.393 - 1164.022)	+	(4913.806 - 1379.455) )	/ 2 )
	=	152.484	/	( ( 3518.371	+	3534.351 )	/ 2 )
	=	152.484	/	3526.361
	=	4.32 %

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

Guanglian Aviation Industry Co (SZSE:300900) 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.

Guanglian Aviation Industry Co ROCE % Related Terms

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Guanglian Aviation Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Guanglian Aviation Industry Co Ltd (SZSE:300900) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Hanan 3rd Road, Core Area, Harbin Hanan Industrial New City, Heilongjiang Province, Harbin, CHN, 150060

Website

http://www.guanglianhangkong.com

Guanglian Aviation Industry Co Ltd is specializes in the design, R&D and manufacturing of aviation industry-related products. The company manufactures aerospace metal and composite material parts, the design and manufacture of aviation process equipment (tooling), the manufacture of aircraft parts, and the aircraft design and manufacturing business.

Executives

Chang Liang	Directors, executives
Yang Shou Ji	Director
Yu Gang	Directors, executives
Geng Shao Kun	Supervisors
Zhu Hong Min	Directors, executives
Hu Quan	Directors, executives
Wang Xi Jiang	Supervisors

Guanglian Aviation Industry Co Headlines

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