Gch Technology Co (SHSE:688625) ROCE % : 24.37% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Gch 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. Gch Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.37%.

Gch Technology Co ROCE % Historical Data

The historical data trend for Gch 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.

* Premium members only.

Gch Technology Co ROCE % Chart

Gch Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

38.74

41.13

29.70

24.09

24.55

Gch Technology Co Quarterly Data
	Dec18	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															23.84	24.72	24.25	23.22	24.37

Gch Technology Co ROCE % Calculation

Gch 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 )
	=	288.301	/	( ( (2389.784 - 1325.416)	+	(3310.552 - 2026.238) )	/ 2 )
	=	288.301	/	( (1064.368	+	1284.314)	/ 2 )
	=	288.301	/	1174.341
	=	24.55 %

Gch 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 )
	=	311.408	/	( ( (3310.552 - 2026.238)	+	(2919.608 - 1648.308) )	/ 2 )
	=	311.408	/	( ( 1284.314	+	1271.3 )	/ 2 )
	=	311.408	/	1277.807
	=	24.37 %

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

Gch Technology Co (SHSE:688625) 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.

Gch Technology Co ROCE % Related Terms

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

Gch Technology Co (SHSE:688625) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gch Technology Co Ltd (SHSE:688625) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Keqiang Road, No. 1633, Beitai Road, Guangzhou Private Science and Technology Park, Baiyun District, Guangdong Province, Guangzhou, CHN, 510000

Website

http://www.gchchem.com

Gch Technology Co Ltd is a specialty chemicals company. It manufactures and markets technologically advanced and high value added products, including nucleator, synthetic hydrotalcite, non-dust one-pack, master batch, flame retardant synergist, anti-oxidant, light stabilizer and others.

Gch Technology Co (SHSE:688625) Headlines

No Headlines