Shanghai Shengjian Technology Co (SHSE:603324) ROCE % : 5.86% (As of Sep. 2024)

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What is Shanghai Shengjian Technology 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 Shengjian Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.86%.

Shanghai Shengjian Technology Co ROCE % Historical Data

The historical data trend for Shanghai Shengjian Technology 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 Shengjian Technology Co ROCE % Chart

Shanghai Shengjian Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.09

22.27

16.56

10.23

12.07

Shanghai Shengjian Technology 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															7.27	17.58	6.23	11.19	5.86

Shanghai Shengjian Technology Co ROCE % Calculation

Shanghai Shengjian Technology 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 )
	=	187.919	/	( ( (2599.378 - 1147.454)	+	(3459.43 - 1797.251) )	/ 2 )
	=	187.919	/	( (1451.924	+	1662.179)	/ 2 )
	=	187.919	/	1557.0515
	=	12.07 %

Shanghai Shengjian Technology 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 )
	=	113.124	/	( ( (3693.845 - 1860.321)	+	(3733.669 - 1707.175) )	/ 2 )
	=	113.124	/	( ( 1833.524	+	2026.494 )	/ 2 )
	=	113.124	/	1930.009
	=	5.86 %

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

Shanghai Shengjian Technology Co (SHSE:603324) 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.

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Shanghai Shengjian Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Shengjian Technology Co Ltd (SHSE:603324) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 301 Huifa Road, Shengjian Building, Jiading District, Shanghai, CHN, 201815

Website

https://www.sheng-jian.com

Shanghai Shengjian Technology Co Ltd focuses on the research and development, manufacturing, system integration and operation and maintenance management of pan-semiconductor process waste gas treatment systems and key equipment.

Executives

Xu Yun	Directors, senior managers
Nie Lei	senior management
Zhang Xue Chun	senior management
Yu Hong Wei	senior management
Zhang Wei Ming	Directors, senior managers
Han Xiang Yun	Supervisors
Jin Ming	senior management

Shanghai Shengjian Technology Co Headlines

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