Suntront Technology Co (SZSE:300259) ROCE % : 3.39% (As of Mar. 2024)

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What is Suntront Technology 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. Suntront Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.39%.

Suntront Technology Co ROCE % Historical Data

The historical data trend for Suntront Technology 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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Suntront Technology Co ROCE % Chart

Suntront Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.11

18.35

10.96

9.81

8.33

Suntront Technology 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															4.25	5.95	10.45	13.01	3.39

Suntront Technology Co ROCE % Calculation

Suntront Technology 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 )
	=	242.396	/	( ( (3435.778 - 532.745)	+	(3420.402 - 503.077) )	/ 2 )
	=	242.396	/	( (2903.033	+	2917.325)	/ 2 )
	=	242.396	/	2910.179
	=	8.33 %

Suntront Technology 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 )
	=	98.716	/	( ( (3420.402 - 503.077)	+	(3362.289 - 463.912) )	/ 2 )
	=	98.716	/	( ( 2917.325	+	2898.377 )	/ 2 )
	=	98.716	/	2907.851
	=	3.39 %

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

Suntront Technology Co (SZSE:300259) 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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Suntront Technology Co (SZSE:300259) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suntront Technology Co Ltd (SZSE:300259) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 252 Hongsong Road, High and New Tech Industrial Development Zone, Henan Province, Zhengzhou, CHN, 450001

Website

http://www.suntront.com

Suntront Technology Co Ltd is a Chinese manufacturer of smart meters. It develops smart meter technologies and solutions for use in the electricity, gas and water utility and distribution industries in China. The product portfolio of the company covers smart water meters, smart heat meters, gas meters, smart energy meters, AMR system, remote devices, and other products.

Executives

Liu Chang	Executives
Xu Wen Liang	Executives
Chang Ming Song	Directors, executives
Li Jian	Director
Liu Sheng Li	Directors, executives
Wang Jun	Director
Fei Zhan Bo	Director
Yang Dong Ling	Director, Securities Affairs Representative
Song Hong Liang	Supervisors
Li Jian Wei	Supervisors
Fei Zhan Jun	Directors, executives
Lin An Xiu	Executives
Wei Dong Lin	Director
Yuan Jin Long	Directors, executives
Zheng Yong Feng	Supervisors

Suntront Technology Co (SZSE:300259) Headlines

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