Qingdao Paguld Intelligent Manufacturing Co (SZSE:301456) ROCE % : 5.58% (As of Sep. 2024)

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What is Qingdao Paguld Intelligent Manufacturing 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. Qingdao Paguld Intelligent Manufacturing Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.58%.

Qingdao Paguld Intelligent Manufacturing Co ROCE % Historical Data

The historical data trend for Qingdao Paguld Intelligent Manufacturing 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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Qingdao Paguld Intelligent Manufacturing Co ROCE % Chart

Qingdao Paguld Intelligent Manufacturing Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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44.11

59.77

30.86

19.08

9.15

Qingdao Paguld Intelligent Manufacturing Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial													5.81	7.73	2.85	3.63	5.58

Qingdao Paguld Intelligent Manufacturing Co ROCE % Calculation

Qingdao Paguld Intelligent Manufacturing 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 )
	=	126.981	/	( ( (800.752 - 103.823)	+	(2223.802 - 145.937) )	/ 2 )
	=	126.981	/	( (696.929	+	2077.865)	/ 2 )
	=	126.981	/	1387.397
	=	9.15 %

Qingdao Paguld Intelligent Manufacturing 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 )
	=	118.3	/	( ( (2236.009 - 133.857)	+	(2294.48 - 156.087) )	/ 2 )
	=	118.3	/	( ( 2102.152	+	2138.393 )	/ 2 )
	=	118.3	/	2120.2725
	=	5.58 %

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

Qingdao Paguld Intelligent Manufacturing Co (SZSE:301456) 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.

Qingdao Paguld Intelligent Manufacturing Co ROCE % Related Terms

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Qingdao Paguld Intelligent Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Paguld Intelligent Manufacturing Co Ltd (SZSE:301456) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 77, Kehai Road, High-tech Zone, Shandong Province, Qingdao, CHN, 266111

Website

http://en.paguld.com

Qingdao Paguld Intelligent Manufacturing Co Ltd is a national high-tech enterprise mainly engaged in the development, production and sales of centralized lubrication systems and their core components.

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