Fujian Raynen Technology Co (SHSE:603933) ROCE % : 3.16% (As of Sep. 2024)

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What is Fujian Raynen 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. Fujian Raynen Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.16%.

Fujian Raynen Technology Co ROCE % Historical Data

The historical data trend for Fujian Raynen 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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Fujian Raynen Technology Co ROCE % Chart

Fujian Raynen Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.08

2.86

8.50

5.50

5.07

Fujian Raynen 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															-0.03	5.72	5.48	11.45	3.16

Fujian Raynen Technology Co ROCE % Calculation

Fujian Raynen 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 )
	=	68.892	/	( ( (2107.915 - 793.196)	+	(2244.888 - 844.585) )	/ 2 )
	=	68.892	/	( (1314.719	+	1400.303)	/ 2 )
	=	68.892	/	1357.511
	=	5.07 %

Fujian Raynen 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 )
	=	44.464	/	( ( (2323.21 - 904.22)	+	(2291.456 - 895.267) )	/ 2 )
	=	44.464	/	( ( 1418.99	+	1396.189 )	/ 2 )
	=	44.464	/	1407.5895
	=	3.16 %

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

Fujian Raynen Technology Co (SHSE:603933) 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.

Fujian Raynen Technology Co ROCE % Related Terms

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Fujian Raynen Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fujian Raynen Technology Co Ltd (SHSE:603933) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd Floor, Building A, No. 26, Section C, Software Park, No. 89, Software Avenue, Tongpan Road, Gulou District, Fujian Province, Fuzhou, CHN, 350003

Website

http://www.raynen.cn

Fujian Raynen Technology Co Ltd specializes in R&D, production and sales of needle spinning electronic control, textile servo drives and intelligent lighting power supply. Its subsidiaries include application software development in the knitting industry, distribution of IC products, distribution of industrial electrical automation products and system integration.

Executives

Wang Kai Wei	Director
Zhao Jian Min	Directors, senior managers
Zhang Xiang Yu	senior management
Lan Li Chun	Directors, senior managers
Zhang Guo Li	senior management

Fujian Raynen Technology Co Headlines

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