Shang Gong Group Co (SHSE:600843) ROCE % : -6.67% (As of Sep. 2024)

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What is Shang Gong Group 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. Shang Gong Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -6.67%.

Shang Gong Group Co ROCE % Historical Data

The historical data trend for Shang Gong Group 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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Shang Gong Group Co ROCE % Chart

Shang Gong Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.59

4.90

3.82

4.92

5.54

Shang Gong Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															4.28	4.23	3.58	6.25	-6.67

Shang Gong Group Co ROCE % Calculation

Shang Gong Group 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 )
	=	222.697	/	( ( (5837.536 - 1970.398)	+	(5895.639 - 1723.953) )	/ 2 )
	=	222.697	/	( (3867.138	+	4171.686)	/ 2 )
	=	222.697	/	4019.412
	=	5.54 %

Shang Gong Group 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 )
	=	-273.924	/	( ( (6756.459 - 2615.795)	+	(6554.376 - 2482.968) )	/ 2 )
	=	-273.924	/	( ( 4140.664	+	4071.408 )	/ 2 )
	=	-273.924	/	4106.036
	=	-6.67 %

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

Shang Gong Group Co (SHSE:600843) 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.

Shang Gong Group Co ROCE % Related Terms

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Shang Gong Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shang Gong Group Co Ltd (SHSE:600843) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

900924:China

Address

No.1566, New JinQiao Road, 3rd Floor, Pudong New Aear, Shanghai, CHN, 201206

Website

https://www.sgsbgroup.com

Shang Gong Group Co Ltd is engaged in research & development, production, sale, and maintenance of sewing machines and spare parts in China. It is also engaged in the production of auto parts, office equipment, and related trading businesses. The company provides high-end sewing products for famous automakers like Mercedes-Benz, BMW, Audi, and General Motors; in aerospace and new material fields also have large customers including Boeing, Airbus, and COMAC. It owns manufacturing enterprises in China, Germany, the Czech Republic, and Romania, and its sales network has spread across the world. Its household sewing machine brands - Butterfly, Flyman, and Bee are widely known in China and sold to overseas markets.

Executives

Xia Guo Qiang	senior management
Fang Hai Xiang	senior management
Zhang Min	Directors, senior managers
Chen Guo Ling	Supervisors
Zheng Ying	senior management

Shang Gong Group Co Headlines

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