Sino Prima Gas Technology Co (SZSE:300483) ROCE % : 1.17% (As of Mar. 2024)

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What is Sino Prima Gas 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. Sino Prima Gas Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.17%.

Sino Prima Gas Technology Co ROCE % Historical Data

The historical data trend for Sino Prima Gas 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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Sino Prima Gas Technology Co ROCE % Chart

Sino Prima Gas Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.01

7.55

5.01

3.60

-2.52

Sino Prima Gas 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															2.83	1.35	0.17	-14.11	1.17

Sino Prima Gas Technology Co ROCE % Calculation

Sino Prima Gas 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 )
	=	-168.175	/	( ( (7685.585 - 1130.807)	+	(7900.646 - 1114.993) )	/ 2 )
	=	-168.175	/	( (6554.778	+	6785.653)	/ 2 )
	=	-168.175	/	6670.2155
	=	-2.52 %

Sino Prima Gas 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 )
	=	81.964	/	( ( (7900.646 - 1114.993)	+	(8516.847 - 1250.961) )	/ 2 )
	=	81.964	/	( ( 6785.653	+	7265.886 )	/ 2 )
	=	81.964	/	7025.7695
	=	1.17 %

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

Sino Prima Gas Technology Co (SZSE:300483) 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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Sino Prima Gas Technology Co (SZSE:300483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sino Prima Gas Technology Co Ltd (SZSE:300483) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.5000, Yuanjiang Road, Minhang District, Shanghai, CHN, 201108

Website

http://www.worthgarden.com

Sino Prima Gas Technology Co Ltd formerly Shanghai Worth Garden Co Ltd is a service provider that focuses on the development, production, and sales of gardening products, engineering construction, and greening maintenance. Its products cover all aspects of horticultural life, including thousands of varieties and specifications, and a relatively complete horticultural product system. It offers garden hand tools, such as cutting tools, garden power tools, including lawn mowers, grass and hedge trimmers, and batteries and chargers, and garden watering products.

Executives

Wu Jun Liang

Directors, executives

Sino Prima Gas Technology Co (SZSE:300483) Headlines

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