Suzhou Secote Precision Electronic Co (SHSE:603283) ROCE % : 20.67% (As of Mar. 2024)

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What is Suzhou Secote Precision Electronic 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 Secote Precision Electronic Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.67%.

Suzhou Secote Precision Electronic Co ROCE % Historical Data

The historical data trend for Suzhou Secote Precision Electronic 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 Secote Precision Electronic Co ROCE % Chart

Suzhou Secote Precision Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.24

16.64

15.11

19.92

37.60

Suzhou Secote Precision Electronic Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.84	8.51	66.78	63.24	20.67

Suzhou Secote Precision Electronic Co ROCE % Calculation

Suzhou Secote Precision Electronic 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 )
	=	823.595	/	( ( (4842.005 - 2819.2)	+	(4621.424 - 2263.503) )	/ 2 )
	=	823.595	/	( (2022.805	+	2357.921)	/ 2 )
	=	823.595	/	2190.363
	=	37.60 %

Suzhou Secote Precision Electronic Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	494.712	/	( ( (4621.424 - 2263.503)	+	(4743.645 - 2315.288) )	/ 2 )
	=	494.712	/	( ( 2357.921	+	2428.357 )	/ 2 )
	=	494.712	/	2393.139
	=	20.67 %

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

Suzhou Secote Precision Electronic Co (SHSE:603283) 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 Secote Precision Electronic Co ROCE % Related Terms

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Suzhou Secote Precision Electronic Co (SHSE:603283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Secote Precision Electronic Co Ltd (SHSE:603283) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.4 South Dongwu Road, Wuzhong, Suzhou, CHN, 215168

Website

http://www.secote.com

Suzhou Secote Precision Electronic Co Ltd is engaged in the provision of automation solutions. Secote offers technical consultancy, feasibility studies, data experimentation, system design, programming, system integration, installation and tuning, and other services. The company also provides measurement and detection equipment and fixtures. Secote's products are widely used in the consumer electronics, automotive, medical, household appliance, apparel and personal care, food service, and cosmetics industries.

Executives

Yang Wei	Director
	Director
Chen Xiang Bing	Director
Li San Bao	Director
Zhao Jian Hua	Directors, senior managers
Huang Yuan Yuan	senior management
Wang Yong	Director
Sun Feng	Directors, senior managers
Bie Yuan Feng	Supervisors
Sun Quan	Supervisors
Lou Hong Wei	Director
Liu Yan Wei	senior management
Ceng Hui	Director
Fu Kai Qiang	Director
Liu Hong Ning	senior management

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