Tibet GaoZheng Explosive Co (SZSE:002827) ROCE % : 13.61% (As of Jun. 2024)

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What is Tibet GaoZheng Explosive 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. Tibet GaoZheng Explosive Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 13.61%.

Tibet GaoZheng Explosive Co ROCE % Historical Data

The historical data trend for Tibet GaoZheng Explosive 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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Tibet GaoZheng Explosive Co ROCE % Chart

Tibet GaoZheng Explosive Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.77

7.81

9.24

6.95

9.45

Tibet GaoZheng Explosive Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															10.68	19.22	4.95	1.83	13.61

Tibet GaoZheng Explosive Co ROCE % Calculation

Tibet GaoZheng Explosive 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 )
	=	154.723	/	( ( (2119.924 - 649.793)	+	(2627.546 - 823.028) )	/ 2 )
	=	154.723	/	( (1470.131	+	1804.518)	/ 2 )
	=	154.723	/	1637.3245
	=	9.45 %

Tibet GaoZheng Explosive Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	246.388	/	( ( (2648.872 - 770.716)	+	(2669.482 - 928.174) )	/ 2 )
	=	246.388	/	( ( 1878.156	+	1741.308 )	/ 2 )
	=	246.388	/	1809.732
	=	13.61 %

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

Tibet GaoZheng Explosive Co (SZSE:002827) 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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Tibet GaoZheng Explosive Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tibet GaoZheng Explosive Co Ltd (SZSE:002827) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Linqiongang Road, Area A, Lhasa Economic and Technological Development Zone, Tibet Autonomous Region, Lhasa, CHN, 850000

Website

http://www.xzmbgf.com

Tibet GaoZheng Explosive Co Ltd is a civil explosive enterprise based in China. The main business scope is the production, sale, storage and transportation of civil explosives such as industrial explosives, industrial detonators and industrial cables through its own marketing network. In addition, the company is also engaged in the construction of soil rock blasting works, construction of non-coal mine blasting works and demolition safety assessment.

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