Uni-Trend Technology (China) Co (SHSE:688628) ROCE % : 20.41% (As of Mar. 2024)

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What is Uni-Trend Technology (China) 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. Uni-Trend Technology (China) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.41%.

Uni-Trend Technology (China) Co ROCE % Historical Data

The historical data trend for Uni-Trend Technology (China) 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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Uni-Trend Technology (China) Co ROCE % Chart

Uni-Trend Technology (China) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.77

49.42

17.55

12.55

15.33

Uni-Trend Technology (China) Co Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															17.34	21.77	14.33	8.63	20.41

Uni-Trend Technology (China) Co ROCE % Calculation

Uni-Trend Technology (China) 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 )
	=	175.952	/	( ( (1217.654 - 152.35)	+	(1440.757 - 210.605) )	/ 2 )
	=	175.952	/	( (1065.304	+	1230.152)	/ 2 )
	=	175.952	/	1147.728
	=	15.33 %

Uni-Trend Technology (China) 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 )
	=	257.532	/	( ( (1440.757 - 210.605)	+	(1538.586 - 245.425) )	/ 2 )
	=	257.532	/	( ( 1230.152	+	1293.161 )	/ 2 )
	=	257.532	/	1261.6565
	=	20.41 %

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

Uni-Trend Technology (China) Co (SHSE:688628) 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.

Uni-Trend Technology (China) Co ROCE % Related Terms

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Uni-Trend Technology (China) Co (SHSE:688628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Uni-Trend Technology (China) Co Ltd (SHSE:688628) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Industrial North 1st Road, Songshan Lake High-tech Industrial Development Zone, Guangdong Province, Dongguan, CHN, 523808

Website

https://www.uni-trend.com.cn

Uni-Trend Technology (China) Co Ltd is engaged in the research and development, production and sales of test and measuring instruments.

Executives

Li Zhi Hai	Core technical personnel
Sun Qiao	Core technical personnel
Yang Zhi Ling	Core technical personnel
Wang Shi Ying	Director
Zhang Xing	Director
Zhou Jian Hua	Director
Gan Zong Xiu	Director
Wu Zhong Liang	Core technical personnel
Long Ji Zhi	Core technical personnel

Uni-Trend Technology (China) Co (SHSE:688628) Headlines

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