Sichuan Tianwei Electronic Co (SHSE:688511) ROCE % : 3.36% (As of Sep. 2024)

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What is Sichuan Tianwei Electronic 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. Sichuan Tianwei Electronic Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.36%.

Sichuan Tianwei Electronic Co ROCE % Historical Data

The historical data trend for Sichuan Tianwei Electronic 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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Sichuan Tianwei Electronic Co ROCE % Chart

Sichuan Tianwei Electronic Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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37.23

65.13

24.10

6.02

6.67

Sichuan Tianwei Electronic 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															-2.37	13.92	5.09	-3.72	3.36

Sichuan Tianwei Electronic Co ROCE % Calculation

Sichuan Tianwei Electronic 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 )
	=	56.749	/	( ( (875.181 - 51.479)	+	(956.811 - 78.573) )	/ 2 )
	=	56.749	/	( (823.702	+	878.238)	/ 2 )
	=	56.749	/	850.97
	=	6.67 %

Sichuan Tianwei Electronic 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 )
	=	29.62	/	( ( (966.302 - 72.566)	+	(944.415 - 74.152) )	/ 2 )
	=	29.62	/	( ( 893.736	+	870.263 )	/ 2 )
	=	29.62	/	881.9995
	=	3.36 %

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

Sichuan Tianwei Electronic Co (SHSE:688511) 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.

Sichuan Tianwei Electronic Co ROCE % Related Terms

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Sichuan Tianwei Electronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Sichuan Tianwei Electronic Co Ltd (SHSE:688511) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 233, Wulian 1st Road, Gongxing Street, China (Sichuan) Pilot Free Trade Zone, Shuangliu District, Chengdu, CHN, 610200

Website

http://www.sctwdz.cn

Sichuan Tianwei Electronic Co Ltd is a military scientific research and production company engaged in the research and development, production and sales of high-speed automatic fire suppression and explosion suppression systems, high-energy aviation ignition discharge devices, and high-precision fuse devices. The company's products are widely used in weapons, aviation, aerospace, shipbuilding, electronics and other fields such as in coal mines, energy, electric power, dust industries, and public Civil areas such as transportation.

Executives

Ju Wan Li	Director
Chen Jian	Directors, senior managers, core technical personnel
Chen Cong Yu	Directors, senior managers
Yang De Zhi	Core technical personnel
Hou Guang Li	senior management
Yang Qin Qin	senior management
Zhang Chao	Directors, senior managers, core technical personnel
Liu Bin	Core technical personnel
Luo Yuan Lin	Core technical personnel
Ma Yi	Director
Yang Hai Yan	Core technical personnel

Sichuan Tianwei Electronic Co Headlines

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