Shanghai Rongtai Health Technology (SHSE:603579) ROCE % : 5.56% (As of Sep. 2024)

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What is Shanghai Rongtai Health Technology 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 Rongtai Health Technology's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.56%.

Shanghai Rongtai Health Technology ROCE % Historical Data

The historical data trend for Shanghai Rongtai Health Technology'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 Rongtai Health Technology ROCE % Chart

Shanghai Rongtai Health Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.71

10.48

12.42

8.43

9.81

Shanghai Rongtai Health Technology 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															8.79	9.04	10.16	7.88	5.56

Shanghai Rongtai Health Technology ROCE % Calculation

Shanghai Rongtai Health Technology'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 )
	=	257.599	/	( ( (3423.825 - 890.15)	+	(3384.899 - 666.603) )	/ 2 )
	=	257.599	/	( (2533.675	+	2718.296)	/ 2 )
	=	257.599	/	2625.9855
	=	9.81 %

Shanghai Rongtai Health Technology'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 )
	=	149.16	/	( ( (3338.173 - 663.45)	+	(3409.414 - 720.709) )	/ 2 )
	=	149.16	/	( ( 2674.723	+	2688.705 )	/ 2 )
	=	149.16	/	2681.714
	=	5.56 %

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

Shanghai Rongtai Health Technology (SHSE:603579) 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 Rongtai Health Technology ROCE % Related Terms

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Shanghai Rongtai Health Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shanghai Rongtai Health Technology Corp Ltd (SHSE:603579) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1226 ZhuFeng Road, Qingpu District, Shanghai, CHN, 201702

Website

https://www.rotai.com

Shanghai Rongtai Health Technology Corp Ltd is a China based company engaged in development, manufacturing and marketing of massage equipment. It also offers technology health solutions. The company's products include eye massager, massage chair series, mini massage chair, partial massage series products, massage stick, and waist massager.

Executives

Cao Tao	Supervisors
Ying Jian Sen	Director
Lin Guang Sheng	Director
Lin Qi	Director

Shanghai Rongtai Health Technology Headlines

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