Investors Could Be Concerned With Greenland Technologies Holding's (NASDAQ:GTEC) Returns On Capital [Yahoo! Finance]
Greenland Technologies Holding Corporation - Ordinary Shares (GTEC)
Company Research
Source: Yahoo! Finance
Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Having said that, from a first glance at Greenland Technologies Holding NASDAQ:GTEC ) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. What Is Return On Capital Employed (ROCE)? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Greenland Technologies Holding, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.078 = US$6.9m ÷ (US$159m - US$71m) (Based on the trailing twelve months to September 2023) Thus, Greenland Technologies Holding has an ROCE of 7.8%. I
Show less
Read more
Impact Snapshot
Event Time:
GTEC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GTEC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GTEC alerts
High impacting Greenland Technologies Holding Corporation - Ordinary Shares news events
Weekly update
A roundup of the hottest topics
GTEC
News
- Port Authority of New York and New Jersey to Purchase HEVI's GEL-5000 Electric Front Loader [Yahoo! Finance]Yahoo! Finance
- Port Authority of New York and New Jersey to Purchase HEVI's GEL-5000 Electric Front LoaderPR Newswire
- United Airlines, Greenland Technologies, Montrose Environmental among industrial movers [Seeking Alpha]Seeking Alpha
- Greenland Technologies Completes Initial Sales Delivery to Maryland's Port of Baltimore [Yahoo! Finance]Yahoo! Finance
- Greenland Technologies Completes Initial Sales Delivery to Maryland's Port of BaltimorePR Newswire
GTEC
Earnings
- 11/20/23 - Miss
GTEC
Sec Filings
- 4/17/24 - Form 10-K/A
- 4/16/24 - Form 10-K
- 3/29/24 - Form NT
- GTEC's page on the SEC website