Shanghai STEP Electric (SZSE:002527) ROCE % : -1.34% (As of Mar. 2024)

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What is Shanghai STEP Electric 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. Shanghai STEP Electric's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.34%.

Shanghai STEP Electric ROCE % Historical Data

The historical data trend for Shanghai STEP Electric'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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Shanghai STEP Electric ROCE % Chart

Shanghai STEP Electric Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.97

5.60

6.99

-31.87

-14.56

Shanghai STEP Electric 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															33.28	3.29	-6.61	-81.14	-1.34

Shanghai STEP Electric ROCE % Calculation

Shanghai STEP Electric'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 )
	=	-305.609	/	( ( (5979.602 - 3952.16)	+	(4279.164 - 2108.822) )	/ 2 )
	=	-305.609	/	( (2027.442	+	2170.342)	/ 2 )
	=	-305.609	/	2098.892
	=	-14.56 %

Shanghai STEP Electric'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 )
	=	-30.94	/	( ( (4279.164 - 2108.822)	+	(4333.168 - 1893.612) )	/ 2 )
	=	-30.94	/	( ( 2170.342	+	2439.556 )	/ 2 )
	=	-30.94	/	2304.949
	=	-1.34 %

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

Shanghai STEP Electric (SZSE:002527) 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.

Shanghai STEP Electric ROCE % Related Terms

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Shanghai STEP Electric (SZSE:002527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai STEP Electric Corp (SZSE:002527) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO. 1560,Siyi Road, Jiading District, Shanghai, CHN, 201802

Website

http://www.stepelevator.com

Shanghai STEP Electric Corp is a China-based company engaged in the research and development, manufacture and distribution of industrial automation control products. Its products include elevator controlling system sets, energy-saving products and industrial drives, robotics and motion control products, among others. The company distributes its products in domestic market and to overseas markets.

Executives

Ceng Yi	Director
Yuan Zhong Min	Director
Yang Li Sha	Securities Affairs Representative
Peng Sheng Guo	Executives
Feng Jun	Directors, executives
Zhang Jin Hua	Supervisors
Ji De Fa	Directors, executives
Hu Zhi Tao	Executives
Chen Hua Feng	Executives
Ji Yi	Director
Wang Chun Xiang	Supervisors
Cai Liang	Directors, executives
Zhu Qiang Hua	Director
Shen Hui Zhong	Supervisors
Wei Zhong Hao	Director

Shanghai STEP Electric (SZSE:002527) Headlines

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