ShanDong Swan Cotton Industrial Machinery Stock Co (SHSE:603029) ROCE % : 11.35% (As of Dec. 2024)

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What is ShanDong Swan Cotton Industrial Machinery Stock 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. ShanDong Swan Cotton Industrial Machinery Stock Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 11.35%.

ShanDong Swan Cotton Industrial Machinery Stock Co ROCE % Historical Data

The historical data trend for ShanDong Swan Cotton Industrial Machinery Stock 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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ShanDong Swan Cotton Industrial Machinery Stock Co ROCE % Chart

ShanDong Swan Cotton Industrial Machinery Stock Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-0.39

4.36

6.74

7.44

7.07

ShanDong Swan Cotton Industrial Machinery Stock Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															9.86	3.49	2.84	11.13	11.35

ShanDong Swan Cotton Industrial Machinery Stock Co ROCE % Calculation

ShanDong Swan Cotton Industrial Machinery Stock Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	73.551	/	( ( (2218.452 - 1216.972)	+	(2240.569 - 1162.629) )	/ 2 )
	=	73.551	/	( (1001.48	+	1077.94)	/ 2 )
	=	73.551	/	1039.71
	=	7.07 %

ShanDong Swan Cotton Industrial Machinery Stock Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	118.868	/	( ( (2169.417 - 1151.932)	+	(2240.569 - 1162.629) )	/ 2 )
	=	118.868	/	( ( 1017.485	+	1077.94 )	/ 2 )
	=	118.868	/	1047.7125
	=	11.35 %

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

ShanDong Swan Cotton Industrial Machinery Stock Co (SHSE:603029) 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.

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ShanDong Swan Cotton Industrial Machinery Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ShanDong Swan Cotton Industrial Machinery Stock Co Ltd (SHSE:603029) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO.99, East Road of Dawei Village, Tianqiao District, Jinan, CHN, 250032

Website

http://www.sdmj.com.cn

ShanDong Swan Cotton Industrial Machinery Stock Co Ltd is engaged in manufacturing cotton processing machinery. It also manufactures agriculture machinery. Its products can be divided into two categories: ginning equipment and stripping equipment. The ginning equipment mainly includes ginning machine, seed cotton cleaning machine, and lint cleaning machine. The stripping equipment mainly includes a stripping machine.

Executives

Yang Bing Sheng

senior management

ShanDong Swan Cotton Industrial Machinery Stock Co Headlines

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