Audiowell Electronics (Guangdong) Co (BJSE:832491) ROCE % : 9.24% (As of Mar. 2024)

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What is Audiowell Electronics (Guangdong) 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. Audiowell Electronics (Guangdong) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.24%.

Audiowell Electronics (Guangdong) Co ROCE % Historical Data

The historical data trend for Audiowell Electronics (Guangdong) 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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Audiowell Electronics (Guangdong) Co ROCE % Chart

Audiowell Electronics (Guangdong) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.10

9.06

12.83

8.23

9.28

Audiowell Electronics (Guangdong) Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.99	11.70	10.92	5.53	9.24

Audiowell Electronics (Guangdong) Co ROCE % Calculation

Audiowell Electronics (Guangdong) 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 )
	=	85.742	/	( ( (955.534 - 68.282)	+	(1099.035 - 137.518) )	/ 2 )
	=	85.742	/	( (887.252	+	961.517)	/ 2 )
	=	85.742	/	924.3845
	=	9.28 %

Audiowell Electronics (Guangdong) 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 )
	=	89.852	/	( ( (1099.035 - 137.518)	+	(1094.152 - 111.622) )	/ 2 )
	=	89.852	/	( ( 961.517	+	982.53 )	/ 2 )
	=	89.852	/	972.0235
	=	9.24 %

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

Audiowell Electronics (Guangdong) Co (BJSE:832491) 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.

Audiowell Electronics (Guangdong) Co ROCE % Related Terms

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Audiowell Electronics (Guangdong) Co (BJSE:832491) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Audiowell Electronics (Guangdong) Co Ltd (BJSE:832491) » Definitions » ROCE %

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Address

No. 4, 3rd Street, Yinping Road, Shatou Street, Panyu District, Guangdong Province, Guangzhou City, CHN, 511400

Website

https://www.audiowellsensor.com

Audiowell Electronics (Guangdong) Co Ltd engages in the research, design, production, and sales of intelligent sensors, actuators, and related applications. Its main products include distance-measuring sensors, flow sensors, pressure touch sensors and actuators, atomization transducers, and modules, and alarm sounders.

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