Zhejiang Risun Intelligent Technology Co (SHSE:688215) ROCE % : 2.98% (As of Mar. 2024)

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What is Zhejiang Risun Intelligent 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 Risun Intelligent Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.98%.

Zhejiang Risun Intelligent Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Risun Intelligent 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 Risun Intelligent Technology Co ROCE % Chart

Zhejiang Risun Intelligent Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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52.10

6.93

3.82

2.95

4.44

Zhejiang Risun Intelligent Technology 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															5.44	5.62	1.82	4.91	2.98

Zhejiang Risun Intelligent Technology Co ROCE % Calculation

Zhejiang Risun Intelligent 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 )
	=	21.252	/	( ( (718.634 - 247.784)	+	(742.999 - 255.829) )	/ 2 )
	=	21.252	/	( (470.85	+	487.17)	/ 2 )
	=	21.252	/	479.01
	=	4.44 %

Zhejiang Risun Intelligent 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 )
	=	14.532	/	( ( (742.999 - 255.829)	+	(759.339 - 269.734) )	/ 2 )
	=	14.532	/	( ( 487.17	+	489.605 )	/ 2 )
	=	14.532	/	488.3875
	=	2.98 %

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

Zhejiang Risun Intelligent Technology Co (SHSE:688215) 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 Risun Intelligent Technology Co (SHSE:688215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Risun Intelligent Technology Co Ltd (SHSE:688215) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Room 4-18, No. 6, Jingyuan Road, Ningbo High-tech Zone, Zhejiang Province, Ningbo, CHN, 315040

Website

http://www.sunrise.com.cn

Zhejiang Risun Intelligent Technology Co Ltd is engaged in production and sales of intelligent material transfer, automated production, automated storage, automated sorting and logistics systems in industrial production. The company's main products are intelligent suspension production system, intelligent suspension warehouse sorting system, plane logistics transportation system, intelligent intersection pallet sorting machine, intelligent stereo storage system, real time data acquisition system and intelligent mobile robot (AGV), MES, WMS and other automated production equipment and logistics equipment, that are mainly applied to clothing, home textile, home, auto parts, cases, bags, shoes, baby carrier, electric business, logistics, warehousing, washing, and other industries.

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