Shanghai Weimao Electronic Co (BJSE:833346) ROCE % : 10.02% (As of Mar. 2024)

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What is Shanghai Weimao Electronic 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. Shanghai Weimao Electronic Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.02%.

Shanghai Weimao Electronic Co ROCE % Historical Data

The historical data trend for Shanghai Weimao Electronic 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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Shanghai Weimao Electronic Co ROCE % Chart

Shanghai Weimao Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.42

18.38

19.62

12.08

10.28

Shanghai Weimao Electronic Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.43	13.55	10.57	11.04	10.02

Shanghai Weimao Electronic Co ROCE % Calculation

Shanghai Weimao Electronic 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 )
	=	43.951	/	( ( (478.063 - 59.368)	+	(519.234 - 82.458) )	/ 2 )
	=	43.951	/	( (418.695	+	436.776)	/ 2 )
	=	43.951	/	427.7355
	=	10.28 %

Shanghai Weimao Electronic 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 )
	=	44.196	/	( ( (519.234 - 82.458)	+	(528.971 - 83.238) )	/ 2 )
	=	44.196	/	( ( 436.776	+	445.733 )	/ 2 )
	=	44.196	/	441.2545
	=	10.02 %

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

Shanghai Weimao Electronic Co (BJSE:833346) 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.

Shanghai Weimao Electronic Co ROCE % Related Terms

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Shanghai Weimao Electronic Co (BJSE:833346) Business Description

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Address

No. 28 and 38 Liandong Road, Qingpu District, Shanghai, CHN, 201716

Website

http://www.shwmdz.com

Shanghai Weimao Electronic Co Ltd is a manufacturer of electronic components. Its main products include electronic wire, wire harness components, vehicle system wiring harness, plastic parts, PCBA, and winding coil. Its products are widely used in high-end industries like automotive, new energy vehicles, environmentally friendly green energy, robot, high-speed rail, scale, and household appliances.

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