Chengdu Galaxy Magnets Co (SZSE:300127) ROCE % : 13.12% (As of Mar. 2024)

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What is Chengdu Galaxy Magnets 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. Chengdu Galaxy Magnets Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.12%.

Chengdu Galaxy Magnets Co ROCE % Historical Data

The historical data trend for Chengdu Galaxy Magnets 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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Chengdu Galaxy Magnets Co ROCE % Chart

Chengdu Galaxy Magnets Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.53

12.04

16.85

13.95

12.74

Chengdu Galaxy Magnets 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															16.47	16.54	13.92	4.15	13.12

Chengdu Galaxy Magnets Co ROCE % Calculation

Chengdu Galaxy Magnets 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 )
	=	181.062	/	( ( (1517.065 - 110.54)	+	(1581.531 - 145.537) )	/ 2 )
	=	181.062	/	( (1406.525	+	1435.994)	/ 2 )
	=	181.062	/	1421.2595
	=	12.74 %

Chengdu Galaxy Magnets 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 )
	=	191.048	/	( ( (1581.531 - 145.537)	+	(1599.626 - 124.309) )	/ 2 )
	=	191.048	/	( ( 1435.994	+	1475.317 )	/ 2 )
	=	191.048	/	1455.6555
	=	13.12 %

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

Chengdu Galaxy Magnets Co (SZSE:300127) 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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Chengdu Galaxy Magnets Co (SZSE:300127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Galaxy Magnets Co Ltd (SZSE:300127) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Bai caoroad, West district, Chengdu National Hi-tech Developing Area, Chengdu City, CHN, 611731

Website

http://www.galaxymagnets.com

Chengdu Galaxy Magnets Co Ltd is engaged in research, development, and production of bounded NdFeB magnet as well as Samarium-Cobalt magnet. It is widely hard disk drives, CD-ROM drives, DVD spindle motors and stepper motors.

Executives

Dai Yan	Director
Wu Zhi Jian	Directors, executives
He Jin Zhou	Directors, executives
Luo Min	Independent director
Tang Jian Ying	Supervisors
Huang Ying	Securities Affairs Representative

Chengdu Galaxy Magnets Co (SZSE:300127) Headlines

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