Suzhou Sonavox Electronics Co (SHSE:688533) ROCE % : 18.97% (As of Sep. 2024)

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What is Suzhou Sonavox Electronics 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. Suzhou Sonavox Electronics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.97%.

Suzhou Sonavox Electronics Co ROCE % Historical Data

The historical data trend for Suzhou Sonavox Electronics 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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Suzhou Sonavox Electronics Co ROCE % Chart

Suzhou Sonavox Electronics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.84

14.23

8.90

9.37

13.13

Suzhou Sonavox Electronics 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															11.52	15.73	15.30	14.51	18.97

Suzhou Sonavox Electronics Co ROCE % Calculation

Suzhou Sonavox Electronics 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 )
	=	206.984	/	( ( (2235.102 - 984.011)	+	(2884.166 - 982.459) )	/ 2 )
	=	206.984	/	( (1251.091	+	1901.707)	/ 2 )
	=	206.984	/	1576.399
	=	13.13 %

Suzhou Sonavox Electronics 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 )
	=	389.464	/	( ( (2947.178 - 914.31)	+	(3174.855 - 1101.476) )	/ 2 )
	=	389.464	/	( ( 2032.868	+	2073.379 )	/ 2 )
	=	389.464	/	2053.1235
	=	18.97 %

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

Suzhou Sonavox Electronics Co (SHSE:688533) 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.

Suzhou Sonavox Electronics Co ROCE % Related Terms

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Suzhou Sonavox Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Suzhou Sonavox Electronics Co Ltd (SHSE:688533) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 333, Zhongchuang Road, Yuanhe Street, Science Park, Xiangcheng District, Jiangsu Province, Suzhou, CHN, 215133

Website

http://sonavox-group.com

Suzhou Sonavox Electronics Co Ltd is engaged in the research, design and manufacturing of anything from a single audio component up to complex integrated automotive sound systems, from entry level quality up to branded audiophile quality audio.

Executives

Mu Yong Sheng	Core technical personnel
Cai Ye Feng	Core technical personnel

Suzhou Sonavox Electronics Co Headlines

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