General Elevator Co (SZSE:300931) ROCE % : -2.92% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is General Elevator 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. General Elevator Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.92%.

General Elevator Co ROCE % Historical Data

The historical data trend for General Elevator 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.

* Premium members only.

General Elevator Co ROCE % Chart

General Elevator Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

15.97

12.50

8.05

-13.29

1.31

General Elevator Co Quarterly Data
	Dec18	Jun19	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															-2.30	6.75	-2.73	3.50	-2.92

General Elevator Co ROCE % Calculation

General Elevator 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 )
	=	9.214	/	( ( (1070.095 - 370.07)	+	(1173.16 - 462.918) )	/ 2 )
	=	9.214	/	( (700.025	+	710.242)	/ 2 )
	=	9.214	/	705.1335
	=	1.31 %

General Elevator 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 )
	=	-20.756	/	( ( (1173.16 - 462.918)	+	(1113.145 - 401.586) )	/ 2 )
	=	-20.756	/	( ( 710.242	+	711.559 )	/ 2 )
	=	-20.756	/	710.9005
	=	-2.92 %

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

General Elevator Co (SZSE:300931) 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.

General Elevator Co ROCE % Related Terms

Thank you for viewing the detailed overview of General Elevator Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

General Elevator Co (SZSE:300931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » General Elevator Co Ltd (SZSE:300931) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gangdong Development Zone, Qidu Town, Wujiang District, Jiangsu Province, Suzhou, CHN, 215200

Website

http://www.sge-elevator.com

General Elevator Co Ltd is engaged in the design, manufacturing, sales, installation, renovation and maintenance of elevators, escalators, and moving walks.

Executives

Li Biao	Directors, executives
Gu Yue Jiang	Director
Zhang Jian Lin	Directors, executives
Sun Jian Ping	Director

General Elevator Co (SZSE:300931) Headlines

No Headlines