Baoye Group Co (HKSE:02355) ROCE % : 5.66% (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

What is Baoye Group 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. Baoye Group Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.66%.

Baoye Group Co ROCE % Historical Data

The historical data trend for Baoye Group 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.

* Premium members only.

Baoye Group Co ROCE % Chart

Baoye Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

14.02

11.63

11.09

9.10

11.71

Baoye Group Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															11.45	6.57	12.08	17.85	5.66

Baoye Group Co ROCE % Calculation

Baoye Group 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 )
	=	1746.921	/	( ( (54518.553 - 40368.948)	+	(53063.761 - 37387.924) )	/ 2 )
	=	1746.921	/	( (14149.605	+	15675.837)	/ 2 )
	=	1746.921	/	14912.721
	=	11.71 %

Baoye Group Co'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	874.33	/	( ( (51992.853 - 36799.642)	+	(53063.761 - 37387.924) )	/ 2 )
	=	874.33	/	( ( 15193.211	+	15675.837 )	/ 2 )
	=	874.33	/	15434.524
	=	5.66 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Baoye Group Co (HKSE:02355) 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.

Baoye Group Co ROCE % Related Terms

Thank you for viewing the detailed overview of Baoye Group Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Baoye Group Co (HKSE:02355) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Baoye Group Co Ltd (HKSE:02355) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BKG:Germany

Address

No. 1687 Guazhu East Road, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312030

Website

https://www.baoyegroup.com

Baoye Group Co Ltd is engaged in construction service. Its operation mainly comprises the sale of construction equipment, operation of investment properties, provision of architectural and interior design services and others. The company's reportable segments include Construction, Property development, Building materials, and others. It generates maximum revenue from the Construction segment.

Baoye Group Co (HKSE:02355) Headlines

No Headlines