China Aerospace Times Electronic Co (SHSE:600879) ROCE % : 3.53% (As of Mar. 2024)

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What is China Aerospace Times Electronic 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. China Aerospace Times Electronic Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.53%.

China Aerospace Times Electronic Co ROCE % Historical Data

The historical data trend for China Aerospace Times Electronic 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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China Aerospace Times Electronic Co ROCE % Chart

China Aerospace Times Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.22

6.18

6.11

5.16

3.52

China Aerospace Times Electronic 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															5.32	5.64	3.22	0.75	3.53

China Aerospace Times Electronic Co ROCE % Calculation

China Aerospace Times Electronic 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 )
	=	776.148	/	( ( (44263.684 - 24255.173)	+	(46436.381 - 22354.731) )	/ 2 )
	=	776.148	/	( (20008.511	+	24081.65)	/ 2 )
	=	776.148	/	22045.0805
	=	3.52 %

China Aerospace Times Electronic 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 )
	=	855.82	/	( ( (46436.381 - 22354.731)	+	(47035.111 - 22637.151) )	/ 2 )
	=	855.82	/	( ( 24081.65	+	24397.96 )	/ 2 )
	=	855.82	/	24239.805
	=	3.53 %

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

China Aerospace Times Electronic Co (SHSE:600879) 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.

China Aerospace Times Electronic Co ROCE % Related Terms

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China Aerospace Times Electronic Co (SHSE:600879) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » China Aerospace Times Electronic Co Ltd (SHSE:600879) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Plant 22MB, High-Tech Park, Economic Technology Development District, Wuhan, CHN, 430056

Website

http://www.catec-ltd.cn

China Aerospace Times Electronic Co Ltd is a China-based company. It engaged in the manufacturing and distribution of aerospace electronic products. Its products include satellite applications, inertial navigation, Integrated circuit, Drone.

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