Shenzhen UTIMES Intelligent Equipment Co (SHSE:688638) ROCE % : -7.94% (As of Mar. 2024)

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What is Shenzhen UTIMES Intelligent Equipment 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 UTIMES Intelligent Equipment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.94%.

Shenzhen UTIMES Intelligent Equipment Co ROCE % Historical Data

The historical data trend for Shenzhen UTIMES Intelligent Equipment 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 UTIMES Intelligent Equipment Co ROCE % Chart

Shenzhen UTIMES Intelligent Equipment Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

20.31

51.29

37.15

30.70

9.07

Shenzhen UTIMES Intelligent Equipment Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								-8.00	49.24	3.00	7.95	-7.94

Shenzhen UTIMES Intelligent Equipment Co ROCE % Calculation

Shenzhen UTIMES Intelligent Equipment 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 )
	=	65.278	/	( ( (1797.622 - 1486.074)	+	(2054.302 - 926.254) )	/ 2 )
	=	65.278	/	( (311.548	+	1128.048)	/ 2 )
	=	65.278	/	719.798
	=	9.07 %

Shenzhen UTIMES Intelligent Equipment 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 )
	=	-88.876	/	( ( (2054.302 - 926.254)	+	(1941.522 - 832.087) )	/ 2 )
	=	-88.876	/	( ( 1128.048	+	1109.435 )	/ 2 )
	=	-88.876	/	1118.7415
	=	-7.94 %

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

Shenzhen UTIMES Intelligent Equipment Co (SHSE:688638) 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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Shenzhen UTIMES Intelligent Equipment Co (SHSE:688638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen UTIMES Intelligent Equipment Co Ltd (SHSE:688638) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shajing Street, Xinhe Avenue, Floor 1-6, Building M, Licheng Science and Technology Industrial Park, Gonghe Community, Baoan, Guangdong, Shenzhen, CHN, 518000

Website

http://www.utimes.cn

Shenzhen UTIMES Intelligent Equipment Co Ltd is engaged in research & development, production and sales of non-standard automated intelligent assembly equipment and testing equipment. The company's main products are lithium-ion battery intelligent equipment and consumer electronics intelligent manufacturing equipment, which can be widely used in the intelligent production and manufacturing of products in multiple fields such as new energy, automotive electronics, and consumer electronics.

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