Xiamen Solex High-Tech Industries Co (SHSE:603992) ROCE % : 15.65% (As of Mar. 2024)

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What is Xiamen Solex High-Tech Industries 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. Xiamen Solex High-Tech Industries Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.65%.

Xiamen Solex High-Tech Industries Co ROCE % Historical Data

The historical data trend for Xiamen Solex High-Tech Industries 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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Xiamen Solex High-Tech Industries Co ROCE % Chart

Xiamen Solex High-Tech Industries Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.92

15.97

15.12

11.07

12.00

Xiamen Solex High-Tech Industries Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.12	11.05	18.57	9.06	15.65

Xiamen Solex High-Tech Industries Co ROCE % Calculation

Xiamen Solex High-Tech Industries 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 )
	=	403.985	/	( ( (4417.165 - 936.965)	+	(4252.186 - 1000.021) )	/ 2 )
	=	403.985	/	( (3480.2	+	3252.165)	/ 2 )
	=	403.985	/	3366.1825
	=	12.00 %

Xiamen Solex High-Tech Industries 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 )
	=	518.58	/	( ( (4252.186 - 1000.021)	+	(4110.729 - 734.712) )	/ 2 )
	=	518.58	/	( ( 3252.165	+	3376.017 )	/ 2 )
	=	518.58	/	3314.091
	=	15.65 %

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

Xiamen Solex High-Tech Industries Co (SHSE:603992) 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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Xiamen Solex High-Tech Industries Co (SHSE:603992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Xiamen Solex High-Tech Industries Co Ltd (SHSE:603992) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Haijing East Road, A06, 4th Floor, Xiamen District, Fujian Province, China (Fujian) Free Trade Zone, Xiamen, CHN, 361026

Website

https://www.solex.cn

Xiamen Solex High-Tech Industries Co Ltd is engaged in the designing and manufacturing of precision product lines, such as showers, hoses, faucets, shower systems, enclosures, cabinets and others.

Executives

Wei Ling	Directors, senior managers
Wu Chao Hua	Directors, senior managers
Cao Bin	senior management
Chen Bin	Directors, senior managers

Xiamen Solex High-Tech Industries Co (SHSE:603992) Headlines

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