Grandtop Yongxing Group Co (SHSE:601033) ROCE % : 6.78% (As of Mar. 2024)

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What is Grandtop Yongxing Group 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. Grandtop Yongxing Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.78%.

Grandtop Yongxing Group Co ROCE % Historical Data

The historical data trend for Grandtop Yongxing Group 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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Grandtop Yongxing Group Co ROCE % Chart

Grandtop Yongxing Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

3.84

5.69

6.54

6.14

6.63

Grandtop Yongxing Group Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							7.51	7.20	11.53	4.41	6.78

Grandtop Yongxing Group Co ROCE % Calculation

Grandtop Yongxing Group 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 )
	=	1212.301	/	( ( (24818.249 - 6366.037)	+	(23870.359 - 5753.176) )	/ 2 )
	=	1212.301	/	( (18452.212	+	18117.183)	/ 2 )
	=	1212.301	/	18284.6975
	=	6.63 %

Grandtop Yongxing Group 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 )
	=	1318.824	/	( ( (23870.359 - 5753.176)	+	(26230.921 - 5471.42) )	/ 2 )
	=	1318.824	/	( ( 18117.183	+	20759.501 )	/ 2 )
	=	1318.824	/	19438.342
	=	6.78 %

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

Grandtop Yongxing Group Co (SHSE:601033) 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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Grandtop Yongxing Group Co (SHSE:601033) Business Description

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Grandtop Yongxing Group Co Ltd is engaged in the waste incineration power generation business. The company focuses on clean energy production and focuses on the harmless, reduction, and resource utilization treatment of solid waste.

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