Sunray Engineering Group (HKSE:08616) ROCE % : 2.97% (As of Dec. 2023)

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What is Sunray Engineering Group 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. Sunray Engineering Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.97%.

Sunray Engineering Group ROCE % Historical Data

The historical data trend for Sunray Engineering Group'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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Sunray Engineering Group ROCE % Chart

Sunray Engineering Group Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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31.54

22.22

11.26

8.71

5.19

Sunray Engineering Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.28	7.45	-3.45	5.24	2.97

Sunray Engineering Group ROCE % Calculation

Sunray Engineering Group's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	9.746	/	( ( (258.22 - 73.749)	+	(257.505 - 66.602) )	/ 2 )
	=	9.746	/	( (184.471	+	190.903)	/ 2 )
	=	9.746	/	187.687
	=	5.19 %

Sunray Engineering Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	5.624	/	( ( (260.565 - 71.154)	+	(0 - 0) )	/ 1 )
	=	5.624	/	( ( 189.411	+	0 )	/ 1 )
	=	5.624	/	189.411
	=	2.97 %

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

Sunray Engineering Group (HKSE:08616) 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.

Sunray Engineering Group ROCE % Related Terms

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Sunray Engineering Group (HKSE:08616) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sunray Engineering Group Ltd (HKSE:08616) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

501-503 Castle Peak Road, 5/F, International Industrial Building, Kowloon, Hong Kong, HKG

Website

https://www.sunray.com.hk

Sunray Engineering Group Ltd is an investment holding company. The company's operating segment includes the Provision of building protection works and the Supply of building protection products. The company generates maximum revenue from the Provision of building protection works segment. The company's building protection works focus on waterproofing works, and are complemented by flooring works and joint sealant works. Geographically, the company derives a majority of revenue from Hong Kong and also has a presence in Macau.

Executives

Ultra Success Industries Limited	2101 Beneficial owner
Lam Ka Wing	2201 Interest of corporation controlled by you
Wong Pui Yee Edith	2202 Interest of your spouse

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