Guangzhou Tech-Long Packing Machine Co (SZSE:002209) ROCE % : 5.73% (As of Mar. 2024)

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What is Guangzhou Tech-Long Packing Machine 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. Guangzhou Tech-Long Packing Machine Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.73%.

Guangzhou Tech-Long Packing Machine Co ROCE % Historical Data

The historical data trend for Guangzhou Tech-Long Packing Machine 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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Guangzhou Tech-Long Packing Machine Co ROCE % Chart

Guangzhou Tech-Long Packing Machine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.11

4.07

-6.83

5.78

8.82

Guangzhou Tech-Long Packing Machine 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															-6.28	23.26	18.18	0.50	5.73

Guangzhou Tech-Long Packing Machine Co ROCE % Calculation

Guangzhou Tech-Long Packing Machine 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 )
	=	60.921	/	( ( (1723.676 - 1058.062)	+	(2051.133 - 1335.908) )	/ 2 )
	=	60.921	/	( (665.614	+	715.225)	/ 2 )
	=	60.921	/	690.4195
	=	8.82 %

Guangzhou Tech-Long Packing Machine 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 )
	=	42.66	/	( ( (2051.133 - 1335.908)	+	(2124.234 - 1350.984) )	/ 2 )
	=	42.66	/	( ( 715.225	+	773.25 )	/ 2 )
	=	42.66	/	744.2375
	=	5.73 %

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

Guangzhou Tech-Long Packing Machine Co (SZSE:002209) 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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Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangzhou Tech-Long Packing Machine Co Ltd (SZSE:002209) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Yunpu 1 Road, Huangpu District, Guangzhou, CHN, 510530

Website

http://www.tech-long.com

Guangzhou Tech-long Packing Machine Co. Ltd is a provider of turnkey solutions for global liquid product manufacturers. The company mainly provides equipment for the liquid packaging industry. Its products offer water treatment solutions, beverage pre-treatment systems, and others. The product portfolio includes water treatment system, blow molding machines, filling machine, large container filling machine, packaging machine, conveying machine and others.

Executives

Chen Gang	Director
Zhang Chong Ming	Executives
Zhang Song Ming	Directors, executives
Xie Wei	Supervisors
Wang Hao Hui	Independent director
Zou Da Qun	Director
Kong Xiang Jie	Directors, executives
Zhang Zan Ming	Executives
Wang Wei Dong	Directors, executives
Wang Zhong	Directors, executives

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