Shanghai Sinotec Co (SHSE:603121) ROCE % : 2.04% (As of Sep. 2024)

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What is Shanghai Sinotec 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 Sinotec Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.04%.

Shanghai Sinotec Co ROCE % Historical Data

The historical data trend for Shanghai Sinotec 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 Sinotec Co ROCE % Chart

Shanghai Sinotec Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.50

6.44

7.42

0.49

9.37

Shanghai Sinotec 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															9.11	5.57	11.71	7.09	2.04

Shanghai Sinotec Co ROCE % Calculation

Shanghai Sinotec 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 )
	=	129.256	/	( ( (2194.868 - 926.219)	+	(2094.971 - 604.631) )	/ 2 )
	=	129.256	/	( (1268.649	+	1490.34)	/ 2 )
	=	129.256	/	1379.4945
	=	9.37 %

Shanghai Sinotec 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 )
	=	35.276	/	( ( (2163.243 - 454.008)	+	(2205.204 - 462.908) )	/ 2 )
	=	35.276	/	( ( 1709.235	+	1742.296 )	/ 2 )
	=	35.276	/	1725.7655
	=	2.04 %

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

Shanghai Sinotec Co (SHSE:603121) 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 Sinotec Co ROCE % Related Terms

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Shanghai Sinotec Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Sinotec Co Ltd (SHSE:603121) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 218 Songxiu Road, Building 3, Qingpu District, Shanghai, CHN, 201707

Website

http://www.sinotec.cn

Shanghai Sinotec Co Ltd is mainly engaged in the production and development of auto parts, with processes covering precision casting, sand casting, machining and various welding assemblies. The company primarily offers services to world's renowned enterprises such as BorgWarner, Honeywell, Mitsubishi Heavy Industries, BoschMahle, Continental, Harima Heavy Industries (HHI), HunanTyen and so on.

Executives

Feng Ke	senior management
Bao Wei Zhong	Director
Jiang He	senior management
Li Yan	senior management
Tang Quan Rong	Supervisors

Shanghai Sinotec Co Headlines

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