Cayman Golden Century Wheel Group (XKRX:900280) ROCE % : -129.75% (As of Dec. 2023)

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What is Cayman Golden Century Wheel Group 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. Cayman Golden Century Wheel Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -129.75%.

Cayman Golden Century Wheel Group ROCE % Historical Data

The historical data trend for Cayman Golden Century Wheel Group'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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Cayman Golden Century Wheel Group ROCE % Chart

Cayman Golden Century Wheel Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.21

12.73

8.65

2.78

-75.86

Cayman Golden Century Wheel Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.28	-0.71	-1.46	-180.39	-129.75

Cayman Golden Century Wheel Group ROCE % Calculation

Cayman Golden Century Wheel Group'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 )
	=	-165242.64	/	( ( (321336.913 - 22518.467)	+	(162150.701 - 25296.275) )	/ 2 )
	=	-165242.64	/	( (298818.446	+	136854.426)	/ 2 )
	=	-165242.64	/	217836.436
	=	-75.86 %

Cayman Golden Century Wheel Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-213408.38	/	( ( (218525.575 - 26436.163)	+	(162150.701 - 25296.275) )	/ 2 )
	=	-213408.38	/	( ( 192089.412	+	136854.426 )	/ 2 )
	=	-213408.38	/	164471.919
	=	-129.75 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Cayman Golden Century Wheel Group (XKRX:900280) 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.

Cayman Golden Century Wheel Group ROCE % Related Terms

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Cayman Golden Century Wheel Group (XKRX:900280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Cayman Golden Century Wheel Group Ltd (XKRX:900280) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Floor 4, Willow House, P O Box 2084, Cricket Square, Grand Cayman, CYM, KY1-1112

Website

http://www.jsj-wheel.co.kr

Cayman Golden Century Wheel Group Ltd is engaged in the manufacturing of special purpose machinery. It operates through the following business units: Wheel, Tire, and Other. Geographically the company distributes its products within domestic market and to overseas markets.

Cayman Golden Century Wheel Group (XKRX:900280) Headlines

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