Sichuan Chuanhuan Technology Co (SZSE:300547) ROCE % : 18.31% (As of Mar. 2024)

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What is Sichuan Chuanhuan 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. Sichuan Chuanhuan Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.31%.

Sichuan Chuanhuan Technology Co ROCE % Historical Data

The historical data trend for Sichuan Chuanhuan 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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Sichuan Chuanhuan Technology Co ROCE % Chart

Sichuan Chuanhuan Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.67

16.06

13.74

14.35

19.35

Sichuan Chuanhuan 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															10.04	16.62	24.32	27.40	18.31

Sichuan Chuanhuan Technology Co ROCE % Calculation

Sichuan Chuanhuan 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 )
	=	203.194	/	( ( (1257.087 - 252.214)	+	(1358.579 - 263.251) )	/ 2 )
	=	203.194	/	( (1004.873	+	1095.328)	/ 2 )
	=	203.194	/	1050.1005
	=	19.35 %

Sichuan Chuanhuan 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 )
	=	205.024	/	( ( (1358.579 - 263.251)	+	(1407.913 - 263.852) )	/ 2 )
	=	205.024	/	( ( 1095.328	+	1144.061 )	/ 2 )
	=	205.024	/	1119.6945
	=	18.31 %

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

Sichuan Chuanhuan Technology Co (SZSE:300547) 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.

Sichuan Chuanhuan Technology Co ROCE % Related Terms

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Sichuan Chuanhuan Technology Co (SZSE:300547) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sichuan Chuanhuan Technology Co Ltd (SZSE:300547) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Dongliu Industrial Park, Dazhou County, Sichuan Province, Dazhou, CHN

Website

http://www.chuanhuan.com

Sichuan Chuanhuan Technology Co Ltd engages in the development, manufacture, and sale of automotive rubber hose products. It specializes in fuel system and cooling system hoses. The company's products include oil tubing, brake pipe tubing, power steering tube, turbocharger piping, body attachment system, automotive air conditioner tube, and nylon tube series. It offers rubber molded products, silicon fluorine rubber hose, and injection molded plastic parts.

Executives

Wen Qi Chao	Director
Wang Ji Sheng	Director
Zhu Jun Shi	Executives
Wang Quan Hui	Supervisors
Wen Jian Shu	Director
Wen Yong	Executives
Tang Xing Jian	Executives
Mao Bo Hai	Directors, executives
Zou Yong	Executives
Zhang Fu Hou	Secretary, Director
Jiang Qing Chun	Directors, executives
Wen Mo Tong	Director

Sichuan Chuanhuan Technology Co (SZSE:300547) Headlines

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