BGRIMM Technology Co (SHSE:600980) ROCE % : 7.58% (As of Mar. 2024)

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What is BGRIMM 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. BGRIMM Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.58%.

BGRIMM Technology Co ROCE % Historical Data

The historical data trend for BGRIMM 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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BGRIMM Technology Co ROCE % Chart

BGRIMM Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.15

8.53

11.76

8.13

8.18

BGRIMM 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															8.87	8.04	9.49	6.31	7.58

BGRIMM Technology Co ROCE % Calculation

BGRIMM 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 )
	=	104.693	/	( ( (1827.492 - 586.029)	+	(2265.534 - 946.02) )	/ 2 )
	=	104.693	/	( (1241.463	+	1319.514)	/ 2 )
	=	104.693	/	1280.4885
	=	8.18 %

BGRIMM 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 )
	=	100.776	/	( ( (2265.534 - 946.02)	+	(2384.219 - 1045.364) )	/ 2 )
	=	100.776	/	( ( 1319.514	+	1338.855 )	/ 2 )
	=	100.776	/	1329.1845
	=	7.58 %

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

BGRIMM Technology Co (SHSE:600980) 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.

BGRIMM Technology Co ROCE % Related Terms

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BGRIMM Technology Co (SHSE:600980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BGRIMM Technology Co Ltd (SHSE:600980) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 188, South Fourth Ring Road West, 4th Floor, Building 23, Area 18, Fengtai District, Beijing, CHN, 100160

Website

http://www.magmat.com

BGRIMM Technology Co Ltd, formerly BGRIMM Magnetic Materials & Technology Co Ltd is a China-based company. Its business activities are divided into mining equipment and magnetic materials division. Mining equipment division is engaged in research and development, production, and supporting technical consulting services for mining equipment. Its business scope includes flotation equipment, magnetic separation equipment, ore dressing auxiliary equipment, leaching tanks and other mining and smelting products. Magnetic materials division is engaged in the research and development, production, sales and comprehensive services of magnetic materials and devices. Magnetic material products include sintering permanent magnet ferrite, injection magnetic, and magnetic information recording material.

Executives

Sheng Zhong Yi	Director
Lu Shi Jie	senior management
Ran Hong Xiang	senior management
Liu Yong Zhen	Director
Luo Xiu Jian	Director
Li Bing Shan	Director
Liang Dian Yin	Director
Li Hong Fa	senior management

BGRIMM Technology Co (SHSE:600980) Headlines

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