Aidite (Qinhuangdao) Technology Co (SZSE:301580) ROCE % : 7.46% (As of Sep. 2024)

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What is Aidite (Qinhuangdao) Technology 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. Aidite (Qinhuangdao) Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.46%.

Aidite (Qinhuangdao) Technology Co ROCE % Historical Data

The historical data trend for Aidite (Qinhuangdao) Technology 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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Aidite (Qinhuangdao) Technology Co ROCE % Chart

Aidite (Qinhuangdao) Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.95

22.32

12.22

15.24

16.69

Aidite (Qinhuangdao) Technology Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															16.37	20.15	9.48	15.59	7.46

Aidite (Qinhuangdao) Technology Co ROCE % Calculation

Aidite (Qinhuangdao) Technology 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 )
	=	170.693	/	( ( (1121.118 - 181.045)	+	(1291.721 - 186.731) )	/ 2 )
	=	170.693	/	( (940.073	+	1104.99)	/ 2 )
	=	170.693	/	1022.5315
	=	16.69 %

Aidite (Qinhuangdao) Technology 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 )
	=	152.368	/	( ( (2246.023 - 224.288)	+	(2269.389 - 208.59) )	/ 2 )
	=	152.368	/	( ( 2021.735	+	2060.799 )	/ 2 )
	=	152.368	/	2041.267
	=	7.46 %

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

Aidite (Qinhuangdao) Technology Co (SZSE:301580) 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.

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Aidite (Qinhuangdao) Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Aidite (Qinhuangdao) Technology Co Ltd (SZSE:301580) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 9 Dushan Road, Economic and Technological Development Zone, Hebei Province, Qinhuangdao, CHN, 066010

Website

https://www.aidite.com

Aidite (Qinhuangdao) Technology Co Ltd is a integrated dental solution provider, devoting to the R&D, manufacture and service of dental material and equipment. Its products include 3D Pro Zir, A-IS Pro, APD-L400, Elegant 3, etc.

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