Guangzhou Hi-Target Navigation Tech Co (SZSE:300177) ROCE % : -10.64% (As of Mar. 2024)

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What is Guangzhou Hi-Target Navigation Tech 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. Guangzhou Hi-Target Navigation Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -10.64%.

Guangzhou Hi-Target Navigation Tech Co ROCE % Historical Data

The historical data trend for Guangzhou Hi-Target Navigation Tech 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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Guangzhou Hi-Target Navigation Tech Co ROCE % Chart

Guangzhou Hi-Target Navigation Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.92

8.37

3.70

-3.68

-29.22

Guangzhou Hi-Target Navigation Tech 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															-6.88	5.07	-3.64	-113.08	-10.64

Guangzhou Hi-Target Navigation Tech Co ROCE % Calculation

Guangzhou Hi-Target Navigation Tech 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 )
	=	-593.567	/	( ( (3791.527 - 1421.448)	+	(3282.375 - 1590.268) )	/ 2 )
	=	-593.567	/	( (2370.079	+	1692.107)	/ 2 )
	=	-593.567	/	2031.093
	=	-29.22 %

Guangzhou Hi-Target Navigation Tech 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 )
	=	-177.428	/	( ( (3282.375 - 1590.268)	+	(3103.055 - 1459.637) )	/ 2 )
	=	-177.428	/	( ( 1692.107	+	1643.418 )	/ 2 )
	=	-177.428	/	1667.7625
	=	-10.64 %

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

Guangzhou Hi-Target Navigation Tech Co (SZSE:300177) 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.

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Guangzhou Hi-Target Navigation Tech Co (SZSE:300177) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangzhou Hi-Target Navigation Tech Co Ltd (SZSE:300177) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Number 555, North of Panyu Road, Building 13, Tian'An Technology Zone, Panyu District, Guangzhou, CHN, 511400

Website

http://www.zhdgps.com

Guangzhou Hi-Target Navigation Tech Co Ltd is engaged in providing professional high-precision geographic instrument solutions. It offers GPS/GNSS, total stations, GIS mapping products, hydrographic surveying products, UAVs, 3D laser system instruments and BDS high-precision application products, precision agriculture products, precision machine controls and indoor localization solutions.

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