Gree Electric Appliances of Zhuhai (SZSE:000651) ROCE % : 14.20% (As of Mar. 2024)

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What is Gree Electric Appliances of Zhuhai 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. Gree Electric Appliances of Zhuhai's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.20%.

Gree Electric Appliances of Zhuhai ROCE % Historical Data

The historical data trend for Gree Electric Appliances of Zhuhai'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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Gree Electric Appliances of Zhuhai ROCE % Chart

Gree Electric Appliances of Zhuhai Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.39

22.48

22.04

23.01

23.40

Gree Electric Appliances of Zhuhai 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															14.40	26.53	22.16	25.34	14.20

Gree Electric Appliances of Zhuhai ROCE % Calculation

Gree Electric Appliances of Zhuhai'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 )
	=	35777.909	/	( ( (355070.77 - 216371.937)	+	(368053.903 - 200983.3) )	/ 2 )
	=	35777.909	/	( (138698.833	+	167070.603)	/ 2 )
	=	35777.909	/	152884.718
	=	23.40 %

Gree Electric Appliances of Zhuhai'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 )
	=	24057.064	/	( ( (368053.903 - 200983.3)	+	(380813.848 - 209046.726) )	/ 2 )
	=	24057.064	/	( ( 167070.603	+	171767.122 )	/ 2 )
	=	24057.064	/	169418.8625
	=	14.20 %

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

Gree Electric Appliances of Zhuhai (SZSE:000651) 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.

Gree Electric Appliances of Zhuhai ROCE % Related Terms

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Gree Electric Appliances of Zhuhai (SZSE:000651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Gree Electric Appliances Inc of Zhuhai (SZSE:000651) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jinji West Road, Qianshan, Guangdong Province, Zhuhai, CHN, 519070

Website

http://www.gree.com.cn

Gree Electric Appliances Inc of Zhuhai is an international air conditioning enterprise. The company is engaged in household electrical appliances business including production and sale of air conditioners and its accessories, and small home appliances. It exports and imports goods and technologies; manufacturing and distribution of pumps, valves, compressors, fan motors, packaging equipment and other general-purpose equipment, electric motors, equipment for power transmission and distribution and control equipment.

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