Shenzhen United Winners Laser Co (SHSE:688518) ROCE % : 6.56% (As of Sep. 2024)

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What is Shenzhen United Winners Laser 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. Shenzhen United Winners Laser Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.56%.

Shenzhen United Winners Laser Co ROCE % Historical Data

The historical data trend for Shenzhen United Winners Laser 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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Shenzhen United Winners Laser Co ROCE % Chart

Shenzhen United Winners Laser Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.69

6.63

6.54

18.47

13.42

Shenzhen United Winners Laser 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															8.48	4.09	4.55	4.04	6.56

Shenzhen United Winners Laser Co ROCE % Calculation

Shenzhen United Winners Laser 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 )
	=	323.924	/	( ( (5661.33 - 3865.332)	+	(6975.471 - 3943.174) )	/ 2 )
	=	323.924	/	( (1795.998	+	3032.297)	/ 2 )
	=	323.924	/	2414.1475
	=	13.42 %

Shenzhen United Winners Laser 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 )
	=	200.92	/	( ( (6877.873 - 3836.885)	+	(6793.781 - 3708.062) )	/ 2 )
	=	200.92	/	( ( 3040.988	+	3085.719 )	/ 2 )
	=	200.92	/	3063.3535
	=	6.56 %

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

Shenzhen United Winners Laser Co (SHSE:688518) 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.

Shenzhen United Winners Laser Co ROCE % Related Terms

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Shenzhen United Winners Laser Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen United Winners Laser Co Ltd (SHSE:688518) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

3370 Liuxian Avenue, Taoyuan Street, 1203, Building 2, Chongwen Park, Nanshan Zhiyuan, Fuguang Community, Nanshan District, Guangdong Province, Shenzhen, CHN, 518055

Website

http://www.uwlaser.com

Shenzhen United Winners Laser Co Ltd is engaged in production and sales of precision laser welding machines and laser welding automation equipment. The company's laser welding machine and related automation is used in automobile, battery, consumer electronics, sensor, hardware & home appliance, optical communication, flat plate solar energy collectors, mold repair welding machine, laser welding for plastic, laser soldering & brazing, software, among others.

Executives

Zhou Hang	Core technical personnel
Lu Guo Jie	senior management
Qin Lei	senior management
Xie Qiang	senior management
Li Yi	senior management
Niu Zeng Qiang	Director
Han Jin Long	Director
Jia Song	Director
Guo Zi Ran	senior management

Shenzhen United Winners Laser Co Headlines

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