Sunvim Group Co (SZSE:002083) ROCE % : 11.18% (As of Mar. 2024)

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What is Sunvim 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. Sunvim Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.18%.

Sunvim Group Co ROCE % Historical Data

The historical data trend for Sunvim 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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Sunvim Group Co ROCE % Chart

Sunvim Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.03

10.68

9.64

7.74

8.75

Sunvim 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															4.38	11.67	12.30	6.15	11.18

Sunvim Group Co ROCE % Calculation

Sunvim 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 )
	=	429.083	/	( ( (7401.017 - 2486.661)	+	(8196.445 - 3300.808) )	/ 2 )
	=	429.083	/	( (4914.356	+	4895.637)	/ 2 )
	=	429.083	/	4904.9965
	=	8.75 %

Sunvim 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 )
	=	549.46	/	( ( (8196.445 - 3300.808)	+	(8287.085 - 3351.017) )	/ 2 )
	=	549.46	/	( ( 4895.637	+	4936.068 )	/ 2 )
	=	549.46	/	4915.8525
	=	11.18 %

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

Sunvim Group Co (SZSE:002083) 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.

Sunvim Group Co ROCE % Related Terms

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Sunvim Group Co (SZSE:002083) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sunvim Group Co Ltd (SZSE:002083) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1 Furi Street, Weifang, Shandong, CHN, 261500

Website

http://www.sunvim.com

Sunvim Group Co Ltd is engaged in the manufacturing and distribution of home textile products like the bath towel, towelling blanket, decorative cloth, tablecloth, napkin, bedding fabrics, and yarns.

Executives

Sun Hao Bo	Directors, executives
Zhou Wen Guo	Supervisors
Wang Ju Zhang	Supervisors
Wu Ming Feng	Directors, executives
Yu Cong Hai	Director
Sun Ri Gui	Directors, executives
Yan Yong Xuan	Director
Qin Bo	Supervisors
Fu Pei Lin	Director
Qi Zong Zhong	Supervisors
Zhang Shu Ming	Supervisors
Zhang Guo Hua	Director
Li Zhong Wei	Director
Sun Yong	Directors, executives
Yan Tang	Director

Sunvim Group Co (SZSE:002083) Headlines

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