Guangdong Mingyang Electric Co (SZSE:301291) ROCE % : 19.08% (As of Sep. 2024)

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What is Guangdong Mingyang Electric 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 Mingyang Electric Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 19.08%.

Guangdong Mingyang Electric Co ROCE % Historical Data

The historical data trend for Guangdong Mingyang Electric 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 Mingyang Electric Co ROCE % Chart

Guangdong Mingyang Electric Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-75.51

58.11

24.25

26.92

20.54

Guangdong Mingyang Electric Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											17.18	19.51	9.20	16.13	19.08

Guangdong Mingyang Electric Co ROCE % Calculation

Guangdong Mingyang Electric 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 )
	=	572.664	/	( ( (3797.265 - 2495.048)	+	(7835.582 - 3560.525) )	/ 2 )
	=	572.664	/	( (1302.217	+	4275.057)	/ 2 )
	=	572.664	/	2788.637
	=	20.54 %

Guangdong Mingyang Electric 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 )
	=	858.172	/	( ( (7866.812 - 3348.43)	+	(8519.855 - 4042.299) )	/ 2 )
	=	858.172	/	( ( 4518.382	+	4477.556 )	/ 2 )
	=	858.172	/	4497.969
	=	19.08 %

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

Guangdong Mingyang Electric Co (SZSE:301291) 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 Mingyang Electric Co ROCE % Related Terms

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Guangdong Mingyang Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Mingyang Electric Co Ltd (SZSE:301291) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1 Xingye West Road, Hengmen, Nanlang Town, Guangdong, Zhongshan, CHN, 528451

Website

http://www.mingyang.com.cn

Guangdong Mingyang Electric Co Ltd is engaged in research & development, production and sales of power transmission and distribution and control equipment in the fields of new energy and new infrastructure. The company mainly focuses on intelligent transformers, prefabricated transformers and intelligent switchgear. It is committed to becoming a leading provider of intelligent power distribution equipment.

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