Chongqing Millison Technologies (SZSE:301307) ROCE % : -2.91% (As of Sep. 2024)

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What is Chongqing Millison Technologies 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. Chongqing Millison Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.91%.

Chongqing Millison Technologies ROCE % Historical Data

The historical data trend for Chongqing Millison Technologies'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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Chongqing Millison Technologies ROCE % Chart

Chongqing Millison Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.11

10.96

8.50

11.73

5.77

Chongqing Millison Technologies Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												2.48	-0.17	1.23	-2.61	-2.91

Chongqing Millison Technologies ROCE % Calculation

Chongqing Millison Technologies'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 )
	=	181.28	/	( ( (4922.788 - 2379.849)	+	(5697.468 - 1959.928) )	/ 2 )
	=	181.28	/	( (2542.939	+	3737.54)	/ 2 )
	=	181.28	/	3140.2395
	=	5.77 %

Chongqing Millison Technologies'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 )
	=	-118.14	/	( ( (6111.099 - 2137.377)	+	(6588.142 - 2444.426) )	/ 2 )
	=	-118.14	/	( ( 3973.722	+	4143.716 )	/ 2 )
	=	-118.14	/	4058.719
	=	-2.91 %

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

Chongqing Millison Technologies (SZSE:301307) 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.

Chongqing Millison Technologies ROCE % Related Terms

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Chongqing Millison Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Millison Technologies Inc (SZSE:301307) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 and No. 2, No. 1, Tian'an Road, Banan District, Chongqing, CHN, 401320

Website

http://www.millison.com.cn

Chongqing Millison Technologies Inc is engaged in the research and development, production and sales of aluminum alloy precision die-casting parts in the communication field and the automotive field.

Executives

Feng Cheng Long

Supervisors

Chongqing Millison Technologies Headlines

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