Guangzhou Doppler Electronic Technologies Co (SZSE:301528) ROCE % : -1.03% (As of Mar. 2024)

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What is Guangzhou Doppler Electronic Technologies 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. Guangzhou Doppler Electronic Technologies Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.03%.

Guangzhou Doppler Electronic Technologies Co ROCE % Historical Data

The historical data trend for Guangzhou Doppler Electronic Technologies 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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Guangzhou Doppler Electronic Technologies Co ROCE % Chart

Guangzhou Doppler Electronic Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.14

34.72

27.66

28.76

9.44

Guangzhou Doppler Electronic Technologies Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									-1.78	34.64	6.54	10.67	-1.03

Guangzhou Doppler Electronic Technologies Co ROCE % Calculation

Guangzhou Doppler Electronic Technologies 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 )
	=	86.966	/	( ( (427.651 - 48.544)	+	(1508.921 - 45.086) )	/ 2 )
	=	86.966	/	( (379.107	+	1463.835)	/ 2 )
	=	86.966	/	921.471
	=	9.44 %

Guangzhou Doppler Electronic Technologies 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 )
	=	-15.088	/	( ( (1508.921 - 45.086)	+	(1486.487 - 27.451) )	/ 2 )
	=	-15.088	/	( ( 1463.835	+	1459.036 )	/ 2 )
	=	-15.088	/	1461.4355
	=	-1.03 %

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

Guangzhou Doppler Electronic Technologies Co (SZSE:301528) 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.

Guangzhou Doppler Electronic Technologies Co ROCE % Related Terms

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Guangzhou Doppler Electronic Technologies Co (SZSE:301528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangzhou Doppler Electronic Technologies Co Ltd (SZSE:301528) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kaihuang Avenue, Guangzhou Economic and Technological Development Zone, 1st Floor, Building 2, No. 1501, Guangdong, Guangzhou, CHN, 510000

Website

https://www.cndoppler.com

Guangzhou Doppler Electronic Technologies Co Ltd is a high-tech enterprise focusing on the R&D and manufacturing of ultrasonic equipment and ultrasonic transducers (probes), and is committed to building a world-class non-destructive testing brand. The company's main products include industrial ultrasonic phased array testing equipment, automatic testing equipment, ultrasonic transducers, customized testing and analysis software and other testing supporting parts, etc.

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