Guangdong Goworld Co (SZSE:000823) ROCE % : 2.54% (As of Mar. 2024)

View and export this data going back to 1997. Start your Free Trial

What is Guangdong Goworld 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. Guangdong Goworld Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.54%.

Guangdong Goworld Co ROCE % Historical Data

The historical data trend for Guangdong Goworld 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.

Guangdong Goworld Co ROCE % Chart

Guangdong Goworld Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

10.93

9.59

10.12

9.93

5.19

Guangdong Goworld 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															2.14	5.84	6.22	6.48	2.54

Guangdong Goworld Co ROCE % Calculation

Guangdong Goworld 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 )
	=	330.283	/	( ( (8585.359 - 2292.973)	+	(8446.041 - 2016.61) )	/ 2 )
	=	330.283	/	( (6292.386	+	6429.431)	/ 2 )
	=	330.283	/	6360.9085
	=	5.19 %

Guangdong Goworld 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 )
	=	163.644	/	( ( (8446.041 - 2016.61)	+	(8213.686 - 1746.797) )	/ 2 )
	=	163.644	/	( ( 6429.431	+	6466.889 )	/ 2 )
	=	163.644	/	6448.16
	=	2.54 %

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

Guangdong Goworld Co (SZSE:000823) 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.

Guangdong Goworld Co ROCE % Related Terms

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

Guangdong Goworld Co (SZSE:000823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong Goworld Co Ltd (SZSE:000823) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 21 Xingye Road, Shantou, Guangdong, CHN, 515041

Website

http://www.gd-goworld.com

Guangdong Goworld Co Ltd is engaged in the manufacture and distribution of consumer electronics.

Executives

Huang Ze Bin	Supervisors
Chen Han Long	Supervisors
Chen Dong Yang	Supervisors

Guangdong Goworld Co (SZSE:000823) Headlines

No Headlines