Chaozhou Three-Circle (Group) Co (SZSE:300408) ROCE % : 10.46% (As of Mar. 2024)

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What is Chaozhou Three-Circle (Group) 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. Chaozhou Three-Circle (Group) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.46%.

Chaozhou Three-Circle (Group) Co ROCE % Historical Data

The historical data trend for Chaozhou Three-Circle (Group) 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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Chaozhou Three-Circle (Group) Co ROCE % Chart

Chaozhou Three-Circle (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.20

17.10

16.13

9.53

9.62

Chaozhou Three-Circle (Group) 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															8.23	10.04	10.11	10.25	10.46

Chaozhou Three-Circle (Group) Co ROCE % Calculation

Chaozhou Three-Circle (Group) 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 )
	=	1805.336	/	( ( (19593.377 - 1483.292)	+	(21826.965 - 2400.542) )	/ 2 )
	=	1805.336	/	( (18110.085	+	19426.423)	/ 2 )
	=	1805.336	/	18768.254
	=	9.62 %

Chaozhou Three-Circle (Group) 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 )
	=	2058.596	/	( ( (21826.965 - 2400.542)	+	(22281.418 - 2364.988) )	/ 2 )
	=	2058.596	/	( ( 19426.423	+	19916.43 )	/ 2 )
	=	2058.596	/	19671.4265
	=	10.46 %

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

Chaozhou Three-Circle (Group) Co (SZSE:300408) 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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Chaozhou Three-Circle (Group) Co (SZSE:300408) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chaozhou Three-Circle (Group) Co Ltd (SZSE:300408) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Sanhuan Industrial District, Fengtang, Chaozhou, Guangdong, CHN, 515646

Website

http://www.cctc.cc

Chaozhou Three-Circle (Group) Co Ltd is a China-based company engages in the field of electronic components and ceramics. Its products include fiber optic component, ceramic substrates, multilayer ceramic chip capacitor, resistors, ceramic rods, light-emitting diode ceramic package, surface mount device ceramic package, electronic-ceramic parts, mechanical structural ceramic parts, metalized ceramics, electric ceramics, fashion ceramics, ceramic blade, and aluminum nitride ceramic substrates.

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