Shanghai Mechanical & Electrical Industry Co (SHSE:600835) ROCE % : 8.94% (As of Mar. 2024)

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What is Shanghai Mechanical & Electrical Industry 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. Shanghai Mechanical & Electrical Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.94%.

Shanghai Mechanical & Electrical Industry Co ROCE % Historical Data

The historical data trend for Shanghai Mechanical & Electrical Industry 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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Shanghai Mechanical & Electrical Industry Co ROCE % Chart

Shanghai Mechanical & Electrical Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.34

13.67

8.64

10.75

10.54

Shanghai Mechanical & Electrical Industry 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															10.21	11.32	11.99	8.76	8.94

Shanghai Mechanical & Electrical Industry Co ROCE % Calculation

Shanghai Mechanical & Electrical Industry 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 )
	=	1715.706	/	( ( (37506.647 - 21522.389)	+	(37216.78 - 20632.211) )	/ 2 )
	=	1715.706	/	( (15984.258	+	16584.569)	/ 2 )
	=	1715.706	/	16284.4135
	=	10.54 %

Shanghai Mechanical & Electrical Industry 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 )
	=	1495.812	/	( ( (37216.78 - 20632.211)	+	(37484.698 - 20588.935) )	/ 2 )
	=	1495.812	/	( ( 16584.569	+	16895.763 )	/ 2 )
	=	1495.812	/	16740.166
	=	8.94 %

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

Shanghai Mechanical & Electrical Industry Co (SHSE:600835) 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.

Shanghai Mechanical & Electrical Industry Co ROCE % Related Terms

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Shanghai Mechanical & Electrical Industry Co (SHSE:600835) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Mechanical & Electrical Industry Co Ltd (SHSE:600835) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

900925:China

Address

No. 1286 Minsheng Road, Huishang Building, 9F, Pudong, Shanghai, Shanghai, CHN, 200135

Website

http://www.chinasec.cn

Shanghai Mechanical & Electrical Industry Co Ltd mainly operates as a distributor and manufacturer of the mechanical and electrical equipment. It provides products such as escalators, printing and packaging machines, refrigeration and air conditioning and welding equipment, engineering machineries, wood-based panel machineries, energy engineering, hydraulic and pneumatic products and electrical equipment.

Executives

Yu Yin Gui

Supervisors

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