Guangdong Senssun Weighing Apparatus Group (SZSE:002870) ROCE % : 12.87% (As of Mar. 2024)

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What is Guangdong Senssun Weighing Apparatus Group 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. Guangdong Senssun Weighing Apparatus Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.87%.

Guangdong Senssun Weighing Apparatus Group ROCE % Historical Data

The historical data trend for Guangdong Senssun Weighing Apparatus Group'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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Guangdong Senssun Weighing Apparatus Group ROCE % Chart

Guangdong Senssun Weighing Apparatus Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.96

4.41

5.98

8.07

12.46

Guangdong Senssun Weighing Apparatus Group 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															10.67	9.67	18.13	10.13	12.87

Guangdong Senssun Weighing Apparatus Group ROCE % Calculation

Guangdong Senssun Weighing Apparatus Group'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 )
	=	469.87	/	( ( (7403.886 - 3562.934)	+	(7643.43 - 3941.939) )	/ 2 )
	=	469.87	/	( (3840.952	+	3701.491)	/ 2 )
	=	469.87	/	3771.2215
	=	12.46 %

Guangdong Senssun Weighing Apparatus Group'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 )
	=	495.068	/	( ( (7643.43 - 3941.939)	+	(8027.095 - 4036.712) )	/ 2 )
	=	495.068	/	( ( 3701.491	+	3990.383 )	/ 2 )
	=	495.068	/	3845.937
	=	12.87 %

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

Guangdong Senssun Weighing Apparatus Group (SZSE:002870) 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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Guangdong Senssun Weighing Apparatus Group (SZSE:002870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong Senssun Weighing Apparatus Group Ltd (SZSE:002870) » Definitions » ROCE %

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Address

East of Qiwan Road,, Baishawan Industrial Park, East District, Guangdong Province, Zhongshan, CHN, 528403

Website

http://www.senssun.com

Guangdong Senssun Weighing Apparatus Group Ltd is mainly engaged in the research and development, production and sales of household health (home scale) products, commercial weighing (commercial weighing) products and intelligent measuring products. It focuses on product that includes human scales, fat scales, kitchen scales, pocket scales, luggage scales and other smart household scales; Safety traceability scales, bar code scales, electronic price scales, electronic platform scales and other intelligent commercial scales.

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