Sanwei Holding Group Co (SHSE:603033) ROCE % : 2.07% (As of Sep. 2024)

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What is Sanwei Holding 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. Sanwei Holding Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.07%.

Sanwei Holding Group Co ROCE % Historical Data

The historical data trend for Sanwei Holding 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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Sanwei Holding Group Co ROCE % Chart

Sanwei Holding Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.23

8.60

6.94

9.56

6.16

Sanwei Holding 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															5.16	2.76	4.23	5.18	2.07

Sanwei Holding Group Co ROCE % Calculation

Sanwei Holding 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 )
	=	338.245	/	( ( (7472.625 - 2779.781)	+	(10544.44 - 4252.763) )	/ 2 )
	=	338.245	/	( (4692.844	+	6291.677)	/ 2 )
	=	338.245	/	5492.2605
	=	6.16 %

Sanwei Holding 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 )
	=	131.06	/	( ( (11153.061 - 4798.337)	+	(11035.511 - 4729.296) )	/ 2 )
	=	131.06	/	( ( 6354.724	+	6306.215 )	/ 2 )
	=	131.06	/	6330.4695
	=	2.07 %

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

Sanwei Holding Group Co (SHSE:603033) 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.

Sanwei Holding Group Co ROCE % Related Terms

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Sanwei Holding Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sanwei Holding Group Co Ltd (SHSE:603033) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haiyou Street, Xiapeng Village, Sanmen County, Zhejiang Province, Taizhou, CHN, 317100

Website

http://www.three-v.com

Sanwei Holding Group Co Ltd formerly Zhejiang Sanwei Rubber Item Co Ltd manufactures and sells conveyor belt and v belt products for bulk materials and various industrial applications. The company designs, produces, and sells conveyor belt and belt products constructed from polyester, polyester cotton, nylon, and other fabrics. The company offers EP conveyor belts, NN conveyor belts, steel cord conveyor belts, flame retardant conveyor belts, high temperature resistant conveyor belts, chevron conveyor belts, cold resistant conveyor belts, rubber v belts, raw edge cogged v belts, banded v belts, agricultural v belts, motor v belts, variable speed v belts.

Executives

Wen Shou Dong	Directors, senior managers
Gu Chen Hui	Director
Jing Gong Hui	senior management

Sanwei Holding Group Co Headlines

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