Changzhou Shine Science and Technology Co (BJSE:834950) ROCE % : 24.20% (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Changzhou Shine Science and 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. Changzhou Shine Science and Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.20%.

Changzhou Shine Science and Technology Co ROCE % Historical Data

The historical data trend for Changzhou Shine Science and 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.

* Premium members only.

Changzhou Shine Science and Technology Co ROCE % Chart

Changzhou Shine Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

42.23

64.78

69.51

28.88

25.19

Changzhou Shine Science and Technology Co Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															27.14	23.80	19.07	28.78	24.20

Changzhou Shine Science and Technology Co ROCE % Calculation

Changzhou Shine Science and 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 )
	=	64.472	/	( ( (289.058 - 48.217)	+	(334.641 - 63.569) )	/ 2 )
	=	64.472	/	( (240.841	+	271.072)	/ 2 )
	=	64.472	/	255.9565
	=	25.19 %

Changzhou Shine Science and Technology Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	67.744	/	( ( (342.181 - 70.115)	+	(344.586 - 56.806) )	/ 2 )
	=	67.744	/	( ( 272.066	+	287.78 )	/ 2 )
	=	67.744	/	279.923
	=	24.20 %

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

Changzhou Shine Science and Technology Co (BJSE:834950) 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.

Changzhou Shine Science and Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Changzhou Shine Science and Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Changzhou Shine Science and Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changzhou Shine Science and Technology Co Ltd (BJSE:834950) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 318, Wuyi Road, Changzhou Economic Development Zone, Jiangsu Province, Changzhou City, CHN, 213025

Website

https://www.shine-xunan.com

Changzhou Shine Science and Technology Co Ltd is engaged in the research, development, and production of automatic darkening welding helmets and powered air-purifying respirators and accessories in China.

Changzhou Shine Science and Technology Co Headlines

No Headlines