Foshan Golden Milky Way Intelligent Equipment Co (SZSE:300619) ROCE % : -0.15% (As of Mar. 2024)

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What is Foshan Golden Milky Way Intelligent Equipment 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. Foshan Golden Milky Way Intelligent Equipment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.15%.

Foshan Golden Milky Way Intelligent Equipment Co ROCE % Historical Data

The historical data trend for Foshan Golden Milky Way Intelligent Equipment 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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Foshan Golden Milky Way Intelligent Equipment Co ROCE % Chart

Foshan Golden Milky Way Intelligent Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.25

3.18

4.10

8.08

6.94

Foshan Golden Milky Way Intelligent Equipment 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															12.77	11.61	28.29	-13.39	-0.15

Foshan Golden Milky Way Intelligent Equipment Co ROCE % Calculation

Foshan Golden Milky Way Intelligent Equipment 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 )
	=	110.343	/	( ( (3219.728 - 2067.343)	+	(4605.232 - 2579.838) )	/ 2 )
	=	110.343	/	( (1152.385	+	2025.394)	/ 2 )
	=	110.343	/	1588.8895
	=	6.94 %

Foshan Golden Milky Way Intelligent Equipment 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 )
	=	-3	/	( ( (4605.232 - 2579.838)	+	(4540.614 - 2522.558) )	/ 2 )
	=	-3	/	( ( 2025.394	+	2018.056 )	/ 2 )
	=	-3	/	2021.725
	=	-0.15 %

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

Foshan Golden Milky Way Intelligent Equipment Co (SZSE:300619) 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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Foshan Golden Milky Way Intelligent Equipment Co (SZSE:300619) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Foshan Golden Milky Way Intelligent Equipment Co Ltd (SZSE:300619) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, 2, 4, 5, 6 and 7 of Baoyun Road, Southwest Street, Sanshui District, Guangdong Province, Foshan, CHN, 528100

Website

http://www.goldenyh.com

Foshan Golden Milky Way Intelligent Equipment Co Ltd is engaged in the research, development, design, and production of intelligent systems for measuring, mixing, dispersing, reacting, filling, packaging, on-line inspection, and central control. Its products are mainly used in silicone and polymer compounds, lithium battery industry, biochemistry and other fields.

Executives

Xiong Ren Feng	Directors, executives
Liang Ke	Directors, executives
Wang Bao Hua	Supervisors
Zhang Qi Fa	Directors, executives
Lang Xiang Fei	Directors, executives
Yu Dan Xian	Supervisors

Foshan Golden Milky Way Intelligent Equipment Co (SZSE:300619) Headlines

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