Shenzhen Minew Technologies Co (BJSE:872374) ROCE % : 14.22% (As of Mar. 2024)

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What is Shenzhen Minew Technologies 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 Minew Technologies Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.22%.

Shenzhen Minew Technologies Co ROCE % Historical Data

The historical data trend for Shenzhen Minew Technologies 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 Minew Technologies Co ROCE % Chart

Shenzhen Minew Technologies Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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62.32

36.56

45.67

15.49

11.63

Shenzhen Minew Technologies Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.94	11.08	15.18	8.43	14.22

Shenzhen Minew Technologies Co ROCE % Calculation

Shenzhen Minew Technologies 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 )
	=	29.095	/	( ( (281.512 - 37.763)	+	(310.648 - 53.952) )	/ 2 )
	=	29.095	/	( (243.749	+	256.696)	/ 2 )
	=	29.095	/	250.2225
	=	11.63 %

Shenzhen Minew Technologies 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 )
	=	37.208	/	( ( (310.648 - 53.952)	+	(315.617 - 49.055) )	/ 2 )
	=	37.208	/	( ( 256.696	+	266.562 )	/ 2 )
	=	37.208	/	261.629
	=	14.22 %

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

Shenzhen Minew Technologies Co (BJSE:872374) 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 Minew Technologies Co ROCE % Related Terms

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Shenzhen Minew Technologies Co (BJSE:872374) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Minew Technologies Co Ltd (BJSE:872374) » Definitions » ROCE %

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Address

Heping East Road, Longhua Street, 3rd Floor, Building I, Gangzhilong Science and Technology Park, Longhua District, Guangdong Province, Shenzhen City, CHN, 518109

Website

https://www.minewtech.com

Shenzhen Minew Technologies Co Ltd engages in research, development, production, and sales of intelligent hardware products such as Bluetooth sensors, IoT modules, and IoT gateways, as well as electronic label products equipped with IoT cloud platform systems.

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