Guoanda Co (SZSE:300902) ROCE % : -2.09% (As of Jun. 2024)

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What is Guoanda 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. Guoanda Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -2.09%.

Guoanda Co ROCE % Historical Data

The historical data trend for Guoanda 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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Guoanda Co ROCE % Chart

Guoanda Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.92

12.14

4.18

1.99

5.17

Guoanda Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-5.47	14.51	13.52	0.46	-2.09

Guoanda Co ROCE % Calculation

Guoanda 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 )
	=	45.167	/	( ( (940.987 - 118.488)	+	(1055.085 - 129.525) )	/ 2 )
	=	45.167	/	( (822.499	+	925.56)	/ 2 )
	=	45.167	/	874.0295
	=	5.17 %

Guoanda Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-18.672	/	( ( (1011.125 - 83.386)	+	(947.769 - 88.292) )	/ 2 )
	=	-18.672	/	( ( 927.739	+	859.477 )	/ 2 )
	=	-18.672	/	893.608
	=	-2.09 %

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

Guoanda Co (SZSE:300902) 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.

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Guoanda Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Guoanda Co Ltd (SZSE:300902) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

39 Houshantou Road, Guankou Mechanical and Electrical Industrial Zone, Guankou Town, Jimei District, Fujian Province, Xiamen, CHN, 361023

Website

https://www.gad5119.com

Guoanda Co Ltd is a supplier of fire extinguisher systems in the domestic transportation and and power grid industries.

Executives

Wu Tian Lin	Supervisors
Lin Mei Chai	Director
Wang Zheng	Executives
Chang Shi Wei	Executives
Xu Yan Qing	Directors, executives
Li Xiu Hao	Executives
Zhu Gui Yang	Executives
Huang Wen Cong	Supervisors
Hong Wei Yi	Directors, executives
Lian Jian Sheng	Directors, executives

Guoanda Co Headlines

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