Sunny Loan Top Co (SHSE:600830) ROCE % : 4.49% (As of Mar. 2024)

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What is Sunny Loan Top 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. Sunny Loan Top Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.49%.

Sunny Loan Top Co ROCE % Historical Data

The historical data trend for Sunny Loan Top 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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Sunny Loan Top Co ROCE % Chart

Sunny Loan Top Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.11

0.13

2.46

1.38

2.05

Sunny Loan Top Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.74	-0.23	1.74	2.25	4.49

Sunny Loan Top Co ROCE % Calculation

Sunny Loan Top 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 )
	=	66.104	/	( ( (3586.307 - 492.152)	+	(3941.04 - 584.825) )	/ 2 )
	=	66.104	/	( (3094.155	+	3356.215)	/ 2 )
	=	66.104	/	3225.185
	=	2.05 %

Sunny Loan Top 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 )
	=	157.544	/	( ( (3941.04 - 584.825)	+	(4530.241 - 863.901) )	/ 2 )
	=	157.544	/	( ( 3356.215	+	3666.34 )	/ 2 )
	=	157.544	/	3511.2775
	=	4.49 %

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

Sunny Loan Top Co (SHSE:600830) 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.

Sunny Loan Top Co ROCE % Related Terms

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Sunny Loan Top Co (SHSE:600830) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sunny Loan Top Co Ltd (SHSE:600830) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 48 Lane 130, Kaiming Street, Ningbo, Zhejiang, CHN, 315000

Website

http://www.sunnyloantop.cn

Sunny Loan Top Co Ltd is a China-based company engaged in the commodities distribution and pawn businesses, provision of guaranty and leasing services, entrusted loan services, as well as commercial trading and property development businesses.

Executives

Bao Zhan Wei	Supervisors
Shen Cheng De	senior management
Chen Zhi Hua	senior management
Lin Wei Qing	senior management
Liu Zheng Xian	Supervisors
Zhang Xiao Feng	senior management
Zheng Wei Xiong	Director
Chen Ji Lun	Director

Sunny Loan Top Co (SHSE:600830) Headlines

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