Shenyang Fortune Precision Equipment Co (SHSE:688409) ROCE % : 5.47% (As of Sep. 2024)

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What is Shenyang Fortune Precision Equipment 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. Shenyang Fortune Precision Equipment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.47%.

Shenyang Fortune Precision Equipment Co ROCE % Historical Data

The historical data trend for Shenyang Fortune Precision Equipment 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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Shenyang Fortune Precision Equipment Co ROCE % Chart

Shenyang Fortune Precision Equipment Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.36

12.38

9.38

7.86

3.63

Shenyang Fortune Precision Equipment 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													3.20	3.14	4.87	4.78	5.47

Shenyang Fortune Precision Equipment Co ROCE % Calculation

Shenyang Fortune Precision Equipment 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 )
	=	221.365	/	( ( (6640.477 - 844.637)	+	(7589.864 - 1188.377) )	/ 2 )
	=	221.365	/	( (5795.84	+	6401.487)	/ 2 )
	=	221.365	/	6098.6635
	=	3.63 %

Shenyang Fortune Precision Equipment 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 )
	=	361.716	/	( ( (7746.752 - 1201.67)	+	(8069.508 - 1388.032) )	/ 2 )
	=	361.716	/	( ( 6545.082	+	6681.476 )	/ 2 )
	=	361.716	/	6613.279
	=	5.47 %

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

Shenyang Fortune Precision Equipment Co (SHSE:688409) 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.

Shenyang Fortune Precision Equipment Co ROCE % Related Terms

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Shenyang Fortune Precision Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenyang Fortune Precision Equipment Co Ltd (SHSE:688409) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 18A-1, Feiyun Road, Hunnan District, Liaoning Province, Shenyang, CHN, 110168

Website

http://www.fortune-semi.com

Shenyang Fortune Precision Equipment Co Ltd focuses on the precision manufacturing technology of metal parts and components, and has mastered one-stop manufacturing processes such as precision machinery manufacturing, high-cleanliness surface treatment, welding, assembly, and testing that can meet stringent standards.

Executives

Chu Yi Hui

Core technical personnel

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