WG Tech (Jiang Xi) Co (SHSE:603773) ROCE % : 3.54% (As of Mar. 2024)

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What is WG Tech (Jiang Xi) 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. WG Tech (Jiang Xi) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.54%.

WG Tech (Jiang Xi) Co ROCE % Historical Data

The historical data trend for WG Tech (Jiang Xi) 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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WG Tech (Jiang Xi) Co ROCE % Chart

WG Tech (Jiang Xi) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.90

1.20

0.27

-15.20

3.89

WG Tech (Jiang Xi) 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															4.87	-0.28	2.95	7.44	3.54

WG Tech (Jiang Xi) Co ROCE % Calculation

WG Tech (Jiang Xi) 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 )
	=	73.117	/	( ( (3220.102 - 1604.27)	+	(3815.744 - 1673.408) )	/ 2 )
	=	73.117	/	( (1615.832	+	2142.336)	/ 2 )
	=	73.117	/	1879.084
	=	3.89 %

WG Tech (Jiang Xi) 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 )
	=	77.14	/	( ( (3815.744 - 1673.408)	+	(3973.753 - 1752.082) )	/ 2 )
	=	77.14	/	( ( 2142.336	+	2221.671 )	/ 2 )
	=	77.14	/	2182.0035
	=	3.54 %

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

WG Tech (Jiang Xi) Co (SHSE:603773) 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.

WG Tech (Jiang Xi) Co ROCE % Related Terms

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WG Tech (Jiang Xi) Co (SHSE:603773) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » WG Tech (Jiang Xi) Co Ltd (SHSE:603773) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

National High-Tech Economic Development Zone, Industrial Park West Avenue Vogt, Jiangxi, Xinyu, CHN, 338004

Website

http://www.wgtechjx.com

WG Tech (Jiang Xi) Co Ltd is engaged in coating, production, cutting, sales and research and development of TFT-LCD glass panels. The company offers TFT-LCD glass thin, ITO coating and LENS COVER.

Executives

Hu Fang Fang	senior management
Xiong Wei	Supervisors
Kang Zhi Hua	Director
Zhang Xun	Director
Liu Wen Gao	Director
Yi Wei Hua	Director
Zhang Xiong Bin	Director

WG Tech (Jiang Xi) Co (SHSE:603773) Headlines

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