Zhejiang Shengyang Science and Technology Co (SHSE:603703) ROCE % : 3.37% (As of Sep. 2024)

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What is Zhejiang Shengyang Science and 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. Zhejiang Shengyang Science and Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.37%.

Zhejiang Shengyang Science and Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Shengyang Science and 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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Zhejiang Shengyang Science and Technology Co ROCE % Chart

Zhejiang Shengyang Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.56

5.36

2.33

3.91

2.89

Zhejiang Shengyang Science and 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															1.23	-0.35	3.51	1.88	3.37

Zhejiang Shengyang Science and Technology Co ROCE % Calculation

Zhejiang Shengyang Science and 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 )
	=	29.826	/	( ( (1923.382 - 961.494)	+	(1790.973 - 689.927) )	/ 2 )
	=	29.826	/	( (961.888	+	1101.046)	/ 2 )
	=	29.826	/	1031.467
	=	2.89 %

Zhejiang Shengyang Science and 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 )
	=	30.468	/	( ( (1854.468 - 952.534)	+	(1968.559 - 1060.484) )	/ 2 )
	=	30.468	/	( ( 901.934	+	908.075 )	/ 2 )
	=	30.468	/	905.0045
	=	3.37 %

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

Zhejiang Shengyang Science and Technology Co (SHSE:603703) 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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Zhejiang Shengyang Science and Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang Shengyang Science and Technology Co Ltd (SHSE:603703) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1416-1417, Renmin East Road, Yuecheng District, Zhejiang Province, Shaoxing, CHN, 312000

Website

http://www.shengyang.com

Zhejiang Shengyang Science and Technology Co Ltd is manufacturer of communication equipment across the wired and wireless sectors. Its engaged Research and Development, production and sales of sets of products belong to the RF cables and related equipment. Its products include 75 ohm coaxial cable, data cable and high frequency which mainly used in standard signal transmission systems such as television (cable TV, satellite TV), fixed network.

Executives

Zhang Yi Peng	senior management
Lu Ya Ping	Supervisors
Xu Feng Juan	Director
Wu Qiu Ting	Director
Ye Jian Zhong	Director
Gao Guo Hong	senior management
Ye Li Ming	Director

Zhejiang Shengyang Science and Technology Co Headlines

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