Shining Victory Motor Electronic Co (ROCO:2248) ROCE % : 28.25% (As of Jun. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Shining Victory Motor 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. Shining Victory Motor Electronic Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 28.25%.

Shining Victory Motor Electronic Co ROCE % Historical Data

The historical data trend for Shining Victory Motor 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.

* Premium members only.

Shining Victory Motor Electronic Co ROCE % Chart

Shining Victory Motor Electronic Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

3.78

0.09

14.10

14.78

18.04

Shining Victory Motor Electronic Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial												10.19	19.46	8.34	28.87	28.25

Shining Victory Motor Electronic Co ROCE % Calculation

Shining Victory Motor 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 )
	=	173.503	/	( ( (1845.24 - 924.64)	+	(2164.728 - 1161.638) )	/ 2 )
	=	173.503	/	( (920.6	+	1003.09)	/ 2 )
	=	173.503	/	961.845
	=	18.04 %

Shining Victory Motor Electronic Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	297.83	/	( ( (2164.728 - 1161.638)	+	(2398.805 - 1293.369) )	/ 2 )
	=	297.83	/	( ( 1003.09	+	1105.436 )	/ 2 )
	=	297.83	/	1054.263
	=	28.25 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Shining Victory Motor Electronic Co (ROCO:2248) 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.

Shining Victory Motor Electronic Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shining Victory Motor Electronic Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shining Victory Motor Electronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shining Victory Motor Electronic Co Ltd (ROCO:2248) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1199, Xinxing 2nd Road, Economic Development Zone, Zhejiang Province, Pinghu, CHN

Website

http://www.top-elan.com

Shining Victory Motor Electronic Co Ltd is a Chinese holding company that operates in the auto industry. The company through its holding is engaged in manufacturing auto parts, photoelectric products, and car decoration products. Its product offerings include the Interior Ambient Lamp Series, LED Photoelectric Series, Interior/Exterior Decoration, and Refitted Vehicle series all used in the auto industry.

Shining Victory Motor Electronic Co Headlines

No Headlines