Suzhou Institute Of Building Science Group Co (SHSE:603183) ROCE % : 0.22% (As of Sep. 2024)

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What is Suzhou Institute Of Building Science 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. Suzhou Institute Of Building Science Group Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.22%.

Suzhou Institute Of Building Science Group Co ROCE % Historical Data

The historical data trend for Suzhou Institute Of Building Science 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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Suzhou Institute Of Building Science Group Co ROCE % Chart

Suzhou Institute Of Building Science Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.19

13.68

13.35

8.99

9.37

Suzhou Institute Of Building Science 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															0.46	27.13	2.74	6.55	0.22

Suzhou Institute Of Building Science Group Co ROCE % Calculation

Suzhou Institute Of Building Science 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 )
	=	149.309	/	( ( (2038.64 - 501.046)	+	(2134.688 - 484.415) )	/ 2 )
	=	149.309	/	( (1537.594	+	1650.273)	/ 2 )
	=	149.309	/	1593.9335
	=	9.37 %

Suzhou Institute Of Building Science 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 )
	=	3.612	/	( ( (1992.36 - 350.366)	+	(2006.97 - 372.086) )	/ 2 )
	=	3.612	/	( ( 1641.994	+	1634.884 )	/ 2 )
	=	3.612	/	1638.439
	=	0.22 %

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

Suzhou Institute Of Building Science Group Co (SHSE:603183) 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.

Suzhou Institute Of Building Science Group Co ROCE % Related Terms

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Suzhou Institute Of Building Science Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Suzhou Institute Of Building Science Group Co Ltd (SHSE:603183) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Wuzhong Road, No. 1368, Yuexi Street, three buildings, Wuzhong Economic Development Zone, Jiangsu Province, Suzhou, CHN

Website

http://www.szjkjt.com

Suzhou Institute Of Building Science Group Co Ltd is an engineering services company. Its main business includes engineering and technical services as well as the production and sales of new building materials. Its engineering technology services include engineering inspection, engineering professional construction, engineering design and engineering supervision and other technical services. The new building materials include waterproof membranes, waterproof coatings, concrete admixtures, insulation materials, building structural adhesives and other building materials.

Executives

Chu Ying	Supervisors
Li Zhen Quan	Supervisors
Chen Jian	Supervisors
Gu Xiao Ping	Director, Supervisor
Ding Zheng Wei	Director
Wu Qi Chao	Director
Wang Hui Ming	Director
Qian Qing Fang	senior management
Ren Ping	senior management
Huang Chun Sheng	Director
Li Dong Ping	Supervisors
Wu Xiao Xiang	Director
Zhao Qiang	Director

Suzhou Institute Of Building Science Group Co Headlines

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