Zhejiang Shuangyuan Technology Co (SHSE:688623) ROCE % : 4.92% (As of Mar. 2024)

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What is Zhejiang Shuangyuan 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. Zhejiang Shuangyuan Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.92%.

Zhejiang Shuangyuan Technology Co ROCE % Historical Data

The historical data trend for Zhejiang Shuangyuan 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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Zhejiang Shuangyuan Technology Co ROCE % Chart

Zhejiang Shuangyuan Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

24.28

39.12

30.33

30.44

11.56

Zhejiang Shuangyuan Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								26.83	12.48	9.81	5.36	4.92

Zhejiang Shuangyuan Technology Co ROCE % Calculation

Zhejiang Shuangyuan 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 )
	=	154.399	/	( ( (878.726 - 442.336)	+	(2775.942 - 541.217) )	/ 2 )
	=	154.399	/	( (436.39	+	2234.725)	/ 2 )
	=	154.399	/	1335.5575
	=	11.56 %

Zhejiang Shuangyuan Technology Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	110.436	/	( ( (2775.942 - 541.217)	+	(2792.614 - 535.42) )	/ 2 )
	=	110.436	/	( ( 2234.725	+	2257.194 )	/ 2 )
	=	110.436	/	2245.9595
	=	4.92 %

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

Zhejiang Shuangyuan Technology Co (SHSE:688623) 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.

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Zhejiang Shuangyuan Technology Co (SHSE:688623) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1418, Moganshan Road, Building 41-2, Zhejiang Shuangyuan Technology Building, Zhejiang Province, Hangzhou, CHN, 310015

Website

http://www.zjusy.com

Zhejiang Shuangyuan Technology Co Ltd is specialized in the research and development of online automatic measurement and control of product quality in the production process and machine vision application technology. The company mainly produces product quality automatic measurement and control systems and machine vision inspection systems, which are widely used in many industries such as new energy, metal foil materials, medical hygiene materials, films, non-woven fabric hygiene materials, papermaking, and food. worldwide.

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