Seetel New Energy Co (ROCO:7740) ROCE % : -3.83% (As of Sep. 2024)

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What is Seetel New Energy 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. Seetel New Energy Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.83%.

Seetel New Energy Co ROCE % Historical Data

The historical data trend for Seetel New Energy 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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Seetel New Energy Co ROCE % Chart

Seetel New Energy Co Annual Data

Trend

Dec22

Dec23

ROCE %

16.72

4.14

Seetel New Energy Co Quarterly Data
	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	33.89	-	-3.83

Seetel New Energy Co ROCE % Calculation

Seetel New Energy 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 )
	=	7.435	/	( ( (272.135 - 107.284)	+	(350.162 - 156.082) )	/ 2 )
	=	7.435	/	( (164.851	+	194.08)	/ 2 )
	=	7.435	/	179.4655
	=	4.14 %

Seetel New Energy 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 )
	=	-27.952	/	( ( (1235.116 - 641.664)	+	(1598.253 - 731.681) )	/ 2 )
	=	-27.952	/	( ( 593.452	+	866.572 )	/ 2 )
	=	-27.952	/	730.012
	=	-3.83 %

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

Seetel New Energy Co (ROCO:7740) 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.

Seetel New Energy Co ROCE % Related Terms

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Seetel New Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Seetel New Energy Co Ltd (ROCO:7740) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 89, Section. 5, Nanjing East Road, 12 th Floor, Songshan District, Taipei, TWN

Website

https://www.seetel-energy.com

Seetel New Energy Co Ltd is engaged in battery module design and power management technology. Its products are energy storage systems, automatic frequency control, and Energy management control systems.

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