Guangdong Chaohua Technology Co (SZSE:002288) ROCE % : -8.40% (As of Mar. 2024)

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What is Guangdong Chaohua 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. Guangdong Chaohua Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -8.40%.

Guangdong Chaohua Technology Co ROCE % Historical Data

The historical data trend for Guangdong Chaohua 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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Guangdong Chaohua Technology Co ROCE % Chart

Guangdong Chaohua Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.73

4.76

7.20

-13.37

-34.61

Guangdong Chaohua 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															-1.09	13.06	2.00	-151.81	-8.40

Guangdong Chaohua Technology Co ROCE % Calculation

Guangdong Chaohua 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 )
	=	-437.493	/	( ( (3060.175 - 1611.241)	+	(2508.83 - 1429.496) )	/ 2 )
	=	-437.493	/	( (1448.934	+	1079.334)	/ 2 )
	=	-437.493	/	1264.134
	=	-34.61 %

Guangdong Chaohua 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 )
	=	-89.496	/	( ( (2508.83 - 1429.496)	+	(2537.681 - 1486.437) )	/ 2 )
	=	-89.496	/	( ( 1079.334	+	1051.244 )	/ 2 )
	=	-89.496	/	1065.289
	=	-8.40 %

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

Guangdong Chaohua Technology Co (SZSE:002288) 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.

Guangdong Chaohua Technology Co ROCE % Related Terms

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Guangdong Chaohua Technology Co (SZSE:002288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong Chaohua Technology Co Ltd (SZSE:002288) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chaohua Industrial Park, Yanyang, Meixian, Meizhou, Guangdong, CHN

Website

http://www.chaohuatech.com

Guangdong Chaohua Technology Co Ltd is engaged in manufacturing printed circuit solutions in China. The activities of the company include research, development, production, and sales of electronic copper foil, copper clad laminates, electronic substrates, and printed circuit boards.

Executives

Liang Wei	Directors, executives
Wen Dai Jun	Director
Fan Zhuo	Directors, Directors, and Executives
Liang Hong	Directors, executives
Wang Xu Dong	Directors, executives
Liang Jian Feng	Directors, executives
Wen Wei Jing	Independent director
Yang Zhong Yan	Supervisors
Wang Yong Qiang	Directors, executives
Liang Jun Feng	Director
Liang Zao Sheng	Director
Zhou Pei Jun	Directors, executives

Guangdong Chaohua Technology Co (SZSE:002288) Headlines

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