Ginwa Enterprise Group (SHSE:600080) ROCE % : 7.18% (As of Mar. 2024)

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What is Ginwa Enterprise Group 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. Ginwa Enterprise Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.18%.

Ginwa Enterprise Group ROCE % Historical Data

The historical data trend for Ginwa Enterprise Group'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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Ginwa Enterprise Group ROCE % Chart

Ginwa Enterprise Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.55

2.85

-1.25

2.87

-2.18

Ginwa Enterprise Group 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															1.21	0.14	-0.23	-9.79	7.18

Ginwa Enterprise Group ROCE % Calculation

Ginwa Enterprise Group'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 )
	=	-36.612	/	( ( (1974.419 - 272.531)	+	(2108.551 - 446.905) )	/ 2 )
	=	-36.612	/	( (1701.888	+	1661.646)	/ 2 )
	=	-36.612	/	1681.767
	=	-2.18 %

Ginwa Enterprise Group'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 )
	=	116.012	/	( ( (2108.551 - 446.905)	+	(1815.013 - 245.78) )	/ 2 )
	=	116.012	/	( ( 1661.646	+	1569.233 )	/ 2 )
	=	116.012	/	1615.4395
	=	7.18 %

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

Ginwa Enterprise Group (SHSE:600080) 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.

Ginwa Enterprise Group ROCE % Related Terms

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Ginwa Enterprise Group (SHSE:600080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ginwa Enterprise Group Inc (SHSE:600080) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 16 Gaoxin 2nd Road, New and High-Technology Development Zone, Xi'an, Shanxi, CHN, 710075

Website

http://www.ginwa.com

Ginwa Enterprise Group Inc operates in the pharmaceutical industry.

Executives

Zhang Chao Yang	Director
Zhang Mei	Director
Tao Yu	senior management
Qin Chuan	Director
Hou Yi Wen	senior management
Ge Xiu Li	Supervisors

Ginwa Enterprise Group (SHSE:600080) Headlines

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