Suncha Technology Co (SZSE:001211) ROCE % : 8.20% (As of Sep. 2023)

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What is Suncha 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. Suncha Technology Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 8.20%.

Suncha Technology Co ROCE % Historical Data

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

Suncha Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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19.53

24.82

23.28

10.71

-1.81

Suncha Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial													-6.64	-11.56	2.46	-8.33	8.20

Suncha Technology Co ROCE % Calculation

Suncha Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-17.573	/	( ( (1285.04 - 298.133)	+	(1407.468 - 454.746) )	/ 2 )
	=	-17.573	/	( (986.907	+	952.722)	/ 2 )
	=	-17.573	/	969.8145
	=	-1.81 %

Suncha Technology Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	78.664	/	( ( (1411.113 - 466.147)	+	(1509.908 - 536.103) )	/ 2 )
	=	78.664	/	( ( 944.966	+	973.805 )	/ 2 )
	=	78.664	/	959.3855
	=	8.20 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Suncha Technology Co (SZSE:001211) 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.

Suncha Technology Co ROCE % Related Terms

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Suncha Technology Co (SZSE:001211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Suncha Technology Co Ltd (SZSE:001211) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

103 Zhucheng Road, Baizhang Town, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311100

Website

http://www.sqzm.com

Suncha Technology Co Ltd is engaged in the Research and development, design, production and sales of kitchen utensils for daily meals. The main products are chopsticks, cutting boards, shovel spoons, rice husk tableware and others.

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