Shanghai Longcheer Technology Co (SHSE:603341) ROCE % : 12.92% (As of Mar. 2024)

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What is Shanghai Longcheer 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 Longcheer Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.92%.

Shanghai Longcheer Technology Co ROCE % Historical Data

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

Shanghai Longcheer Technology Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

ROCE %

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13.33

6.69

15.98

22.03

17.96

Shanghai Longcheer Technology Co Quarterly Data
	Dec12	Dec13	Dec14	Jun15	Dec15	Dec16	Jun17	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													14.18	23.42	18.14	9.93	12.92

Shanghai Longcheer Technology Co ROCE % Calculation

Shanghai Longcheer Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	626.265	/	( ( (14885.95 - 11808.169)	+	(14530.474 - 10632.395) )	/ 2 )
	=	626.265	/	( (3077.781	+	3898.079)	/ 2 )
	=	626.265	/	3487.93
	=	17.96 %

Shanghai Longcheer Technology 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 )
	=	729.24	/	( ( (19838.9 - 14990.459)	+	(23937.843 - 17493.825) )	/ 2 )
	=	729.24	/	( ( 4848.441	+	6444.018 )	/ 2 )
	=	729.24	/	5646.2295
	=	12.92 %

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

Shanghai Longcheer Technology Co (SHSE:603341) 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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