Shanghai Emperor Of Cleaning Hi-Tech Co (SHSE:603200) ROCE % : 3.09% (As of Sep. 2024)

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What is Shanghai Emperor Of Cleaning Hi-Tech 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 Emperor Of Cleaning Hi-Tech Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.09%.

Shanghai Emperor Of Cleaning Hi-Tech Co ROCE % Historical Data

The historical data trend for Shanghai Emperor Of Cleaning Hi-Tech 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 Emperor Of Cleaning Hi-Tech Co ROCE % Chart

Shanghai Emperor Of Cleaning Hi-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.40

5.29

5.33

5.17

4.50

Shanghai Emperor Of Cleaning Hi-Tech 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															7.38	-1.01	9.52	9.50	3.09

Shanghai Emperor Of Cleaning Hi-Tech Co ROCE % Calculation

Shanghai Emperor Of Cleaning Hi-Tech 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 )
	=	44.902	/	( ( (1373.105 - 391.256)	+	(1470.571 - 456.88) )	/ 2 )
	=	44.902	/	( (981.849	+	1013.691)	/ 2 )
	=	44.902	/	997.77
	=	4.50 %

Shanghai Emperor Of Cleaning Hi-Tech 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 )
	=	33.568	/	( ( (1556.873 - 471.241)	+	(1603.494 - 518.399) )	/ 2 )
	=	33.568	/	( ( 1085.632	+	1085.095 )	/ 2 )
	=	33.568	/	1085.3635
	=	3.09 %

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

Shanghai Emperor Of Cleaning Hi-Tech Co (SHSE:603200) 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 Emperor Of Cleaning Hi-Tech Co ROCE % Related Terms

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Shanghai Emperor Of Cleaning Hi-Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Emperor Of Cleaning Hi-Tech Co Ltd (SHSE:603200) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 138, Bo Xue Road, Building 6, Jiading District, Shanghai, CHN, 200437

Website

http://www.china-xiba.com

Shanghai Emperor Of Cleaning Hi-Tech Co Ltd is a overall solution service provider for water treatment technology, mainly based on chemical water treatment technology. Its water treatment business includes sales and service of water treatment chemicals, operation management of water treatment systems, sales and installation of dosing equipment, and water handling system integration.

Executives

Wang Wei	Directors, senior managers
Liao Yun Feng	senior management
Zou Shuai Wen	Directors, senior managers
Wang Shan Jiong	senior management
Yin Xiao Mei	Directors, senior managers
Xiao Bing Yan	senior management
Gu Xin	senior management
Gao Qi	senior management
Chen Dong	Supervisors
Ji Qing Xia	senior management
Dai Fan	Supervisors
Wu Lei	Supervisors
Bao Song Lin	Director
Li Cai Feng	senior management
Shen Guo Ping	Supervisors

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