Ningbo Solartron Technology Co (SHSE:688299) ROCE % : 1.74% (As of Sep. 2024)

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What is Ningbo Solartron 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. Ningbo Solartron Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.74%.

Ningbo Solartron Technology Co ROCE % Historical Data

The historical data trend for Ningbo Solartron 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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Ningbo Solartron Technology Co ROCE % Chart

Ningbo Solartron Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.64

11.95

10.48

6.22

4.72

Ningbo Solartron 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															3.39	3.46	2.48	2.71	1.74

Ningbo Solartron Technology Co ROCE % Calculation

Ningbo Solartron 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 )
	=	119.741	/	( ( (2701.34 - 399.143)	+	(3336.969 - 564.456) )	/ 2 )
	=	119.741	/	( (2302.197	+	2772.513)	/ 2 )
	=	119.741	/	2537.355
	=	4.72 %

Ningbo Solartron 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 )
	=	47.64	/	( ( (3368.227 - 641.824)	+	(3537.484 - 794.214) )	/ 2 )
	=	47.64	/	( ( 2726.403	+	2743.27 )	/ 2 )
	=	47.64	/	2734.8365
	=	1.74 %

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

Ningbo Solartron Technology Co (SHSE:688299) 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.

Ningbo Solartron Technology Co ROCE % Related Terms

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Ningbo Solartron Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningbo Solartron Technology Co Ltd (SHSE:688299) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.999 Qingfeng Road, Jiangbei District, Zhejiang, Ningbo, CHN, 315000

Website

http://www.solartrontech.com

Ningbo Solartron Technology Co Ltd is mainly engaged in the research, development, production and sales of reflective film, backing base film, optical base film and other special functional films. The main products are reflective film, backing base film, optical base film and other high performance functional films. Used in liquid crystal display, semiconductor lighting, new energy, semiconductor flexible circuit boards and other fields.

Executives

Yang Cheng Han	Senior management, core technical personnel
Yang Zhong He	Directors, senior managers
Liu Bin	Directors, senior managers
Jin Ya Dong	Directors, senior managers, core technical personn
Li Chen	Directors, senior managers
Zhou Yu Bo	Senior management, core technical personnel

Ningbo Solartron Technology Co Headlines

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