Shenzhen Minkave Technology Co (SZSE:300506) ROCE % : 29.30% (As of Mar. 2024)

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What is Shenzhen Minkave 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. Shenzhen Minkave Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 29.30%.

Shenzhen Minkave Technology Co ROCE % Historical Data

The historical data trend for Shenzhen Minkave 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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Shenzhen Minkave Technology Co ROCE % Chart

Shenzhen Minkave Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.86

-17.76

-34.16

-47.91

-71.45

Shenzhen Minkave 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															15.60	-73.50	-16.24	-232.90	29.30

Shenzhen Minkave Technology Co ROCE % Calculation

Shenzhen Minkave 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 )
	=	-273.506	/	( ( (1477.302 - 904.702)	+	(972.49 - 779.526) )	/ 2 )
	=	-273.506	/	( (572.6	+	192.964)	/ 2 )
	=	-273.506	/	382.782
	=	-71.45 %

Shenzhen Minkave 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 )
	=	57.888	/	( ( (972.49 - 779.526)	+	(948.812 - 746.669) )	/ 2 )
	=	57.888	/	( ( 192.964	+	202.143 )	/ 2 )
	=	57.888	/	197.5535
	=	29.30 %

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

Shenzhen Minkave Technology Co (SZSE:300506) 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.

Shenzhen Minkave Technology Co ROCE % Related Terms

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Shenzhen Minkave Technology Co (SZSE:300506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Minkave Technology Co Ltd (SZSE:300506) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

17/F West Coast Mansion, Nanyou Avenue, Nanshan Distric, Shenzhen, CHN, 518054

Website

http://www.minkave.com

Shenzhen Minkave Technology Co Ltd engages in the research, development, production, and sale of lighting products and in lighting engineering design. It undertakes lighting projects in urban lighting planning, tourism and cultural scenic spots, municipal landscapes, architectural lighting, high-end office buildings, large venues, high-end hotels, urban complexes, smart cities, and railways and chemical industries.

Executives

Zhang Jing Shi	Director
Cheng Zong Yu	Directors, executives
Yuan Yan	Secretary, Director
Peng Yin Li	Directors, executives
Liu Dong Hua	Director
Ceng Li Ru	Securities Affairs Representative

Shenzhen Minkave Technology Co (SZSE:300506) Headlines

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