Goldwind Science & Technology Co (Goldwind Science & Technology Co) ROCE % : 4.00% (As of Mar. 2024)

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What is Goldwind Science & 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. Goldwind Science & Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.00%.

Goldwind Science & Technology Co ROCE % Historical Data

The historical data trend for Goldwind Science & 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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Goldwind Science & Technology Co ROCE % Chart

Goldwind Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.02

7.47

8.92

5.33

4.87

Goldwind Science & Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.43	2.04	2.11	4.21	4.00

Goldwind Science & Technology Co ROCE % Calculation

Goldwind Science & 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 )
	=	545.251	/	( ( (19625.397 - 8481.421)	+	(20096.72 - 8826.028) )	/ 2 )
	=	545.251	/	( (11143.976	+	11270.692)	/ 2 )
	=	545.251	/	11207.334
	=	4.87 %

Goldwind Science & Technology 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 )
	=	457.24	/	( ( (20096.72 - 8826.028)	+	(19722.578 - 8154.47) )	/ 2 )
	=	457.24	/	( ( 11270.692	+	11568.108 )	/ 2 )
	=	457.24	/	11419.4
	=	4.00 %

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

Goldwind Science & Technology Co (OTCPK:XNJJY) 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.

Goldwind Science & Technology Co ROCE % Related Terms

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Goldwind Science & Technology Co (Goldwind Science & Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goldwind Science & Technology Co Ltd (OTCPK:XNJJY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

XJNGF:USA 02208:Hong Kong CXGH:Germany 002202:China

Address

No. 8 Boxing 1st Road, Economic and Technological Development District, Beijing, CHN, 100176

Website

https://www.goldwind.com

Goldwind Science & Technology Co Ltd manufactures, and markets wind turbines & other solutions. It has four segments. The wind turbine generator manufacturing & sale segment engages in research & development, manufacture & sale of wind turbine generators &bspare parts; the wind power services segment provides wind power construction, post-warranty service & asset management services; the wind farm development segment engages in the development of wind farms, which includes wind power generation service provided by the Group's wind farms & its sales; & the others segment mainly engages in the operation of water treatment plants under the service concession arrangements. The majority is from Wind turbine generator manufacturing & sale. Geographically, the key revenue is from China.

Goldwind Science & Technology Co (Goldwind Science & Technology Co) Headlines

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