Wuhan DR Laser Technology (SZSE:300776) ROCE % : 16.58% (As of Mar. 2024)

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What is Wuhan DR Laser Technology 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. Wuhan DR Laser Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.58%.

Wuhan DR Laser Technology ROCE % Historical Data

The historical data trend for Wuhan DR Laser Technology'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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Wuhan DR Laser Technology ROCE % Chart

Wuhan DR Laser Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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39.41

25.20

18.30

14.98

14.79

Wuhan DR Laser Technology 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															13.00	10.29	21.42	14.84	16.58

Wuhan DR Laser Technology ROCE % Calculation

Wuhan DR Laser Technology'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 )
	=	544.367	/	( ( (4706.984 - 1228.579)	+	(6869.985 - 2985.849) )	/ 2 )
	=	544.367	/	( (3478.405	+	3884.136)	/ 2 )
	=	544.367	/	3681.2705
	=	14.79 %

Wuhan DR Laser Technology'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 )
	=	651.732	/	( ( (6869.985 - 2985.849)	+	(6778.386 - 2799.147) )	/ 2 )
	=	651.732	/	( ( 3884.136	+	3979.239 )	/ 2 )
	=	651.732	/	3931.6875
	=	16.58 %

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

Wuhan DR Laser Technology (SZSE:300776) 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.

Wuhan DR Laser Technology ROCE % Related Terms

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Wuhan DR Laser Technology (SZSE:300776) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuhan DR Laser Technology Corp Ltd (SZSE:300776) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Road 2 Huashi Park, Optical Valley, East Lake High-tech Development Zone, Wuhan, CHN, 430223

Website

http://www.drlaser.com.cn

Wuhan DR Laser Technology Corp Ltd is a laser equipment manufacturer. The company develops, manufactures, sales and serves the laser equipments focused on solar cell applications. It also provides the customer with various of laser related equipment such as the ITO Laser Machine, Laser Cutting and Drilling for OGS Screen Glass and Ceramic Plate Cutting.

Executives

Duan Xiao Ting	Directors, executives
Li Zhi Gang	Directors, executives
Liu Zhi Bo	Directors, executives
Zhu Fan	Directors, executives
Peng Xin Bo	Supervisors

Wuhan DR Laser Technology (SZSE:300776) Headlines

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