Qingdao Gaoce Technology Co (SHSE:688556) ROCE % : 21.65% (As of Mar. 2024)

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What is Qingdao Gaoce 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. Qingdao Gaoce Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.65%.

Qingdao Gaoce Technology Co ROCE % Historical Data

The historical data trend for Qingdao Gaoce 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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Qingdao Gaoce Technology Co ROCE % Chart

Qingdao Gaoce Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.14

8.71

17.36

48.14

46.08

Qingdao Gaoce 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															57.26	50.02	46.67	27.85	21.65

Qingdao Gaoce Technology Co ROCE % Calculation

Qingdao Gaoce 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 )
	=	1682.976	/	( ( (5646.365 - 3065.347)	+	(9778.458 - 5055.047) )	/ 2 )
	=	1682.976	/	( (2581.018	+	4723.411)	/ 2 )
	=	1682.976	/	3652.2145
	=	46.08 %

Qingdao Gaoce 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 )
	=	1045.864	/	( ( (9778.458 - 5055.047)	+	(9251.858 - 4312.218) )	/ 2 )
	=	1045.864	/	( ( 4723.411	+	4939.64 )	/ 2 )
	=	1045.864	/	4831.5255
	=	21.65 %

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

Qingdao Gaoce Technology Co (SHSE:688556) 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.

Qingdao Gaoce Technology Co ROCE % Related Terms

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Qingdao Gaoce Technology Co (SHSE:688556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Gaoce Technology Co Ltd (SHSE:688556) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.66 Huoju Zhilu, High-tech Industrial Development Zone, Shandong Province, Qingdao, CHN, 266114

Website

http://www.gaoce.cc

Qingdao Gaoce Technology Co Ltd is engaged in the research and development, production and sales of cutting equipment for hard and brittle materials and cutting tools. The products are mainly used on silicon wafer for photovoltaic industry.

Executives

Duan Jing Bo	Core technical personnel
Yu Wen Bo	Supervisors
Wang Mu Ya	Directors, senior managers
Zhang Lu	Core technical personnel
Zhang Xiu Tao	Directors, senior managers
Li Xue Yu	Directors, senior managers
Yu Qun	Core technical personnel
Xing Xu	Core technical personnel
Jiang Shu Ming	Director
Zhang Xu	Director, core technical staff
Chou Jian	Core technical personnel

Qingdao Gaoce Technology Co (SHSE:688556) Headlines

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