SBT Ultrasonic Technology Co (SHSE:688392) ROCE % : 3.99% (As of Sep. 2024)

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What is SBT Ultrasonic 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. SBT Ultrasonic Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.99%.

SBT Ultrasonic Technology Co ROCE % Historical Data

The historical data trend for SBT Ultrasonic 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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SBT Ultrasonic Technology Co ROCE % Chart

SBT Ultrasonic Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.96

77.36

35.47

11.43

4.44

SBT Ultrasonic Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial													2.67	-0.65	-0.04	0.32	3.99

SBT Ultrasonic Technology Co ROCE % Calculation

SBT Ultrasonic 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 )
	=	78.47	/	( ( (2143.071 - 371.09)	+	(2172.254 - 407.425) )	/ 2 )
	=	78.47	/	( (1771.981	+	1764.829)	/ 2 )
	=	78.47	/	1768.405
	=	4.44 %

SBT Ultrasonic 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 )
	=	66.56	/	( ( (1997.254 - 333.287)	+	(2053.379 - 385.147) )	/ 2 )
	=	66.56	/	( ( 1663.967	+	1668.232 )	/ 2 )
	=	66.56	/	1666.0995
	=	3.99 %

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

SBT Ultrasonic Technology Co (SHSE:688392) 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.

SBT Ultrasonic Technology Co ROCE % Related Terms

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SBT Ultrasonic Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SBT Ultrasonic Technology Co Ltd (SHSE:688392) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1488, Cangyuan Road, 3rd Floor, Building 2, Minhang District, Shanghai, CHN, 201100

Website

https://www.sbt-sh.com

SBT Ultrasonic Technology Co Ltd is engaged in the research and development, design, manufacture, sales and after-sales service of ultrasonic welding, cutting system application products, online testing and automation products. The company's equipment is widely used in lithium batteries, wiring harnesses, 3C, semiconductor IGBT power modules, rubber tires, food, pharmaceutical, plastic packaging and other fields.

Executives

Duan Zhong Fu	Directors, senior managers
Shi Xin Hua	Senior management, core technical personnel
Sun Kai	senior management

SBT Ultrasonic Technology Co Headlines

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