Shenzhen SNC Opto Electronic Co (SZSE:001326) ROCE % : 12.85% (As of Jun. 2024)

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What is Shenzhen SNC Opto Electronic 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 SNC Opto Electronic Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 12.85%.

Shenzhen SNC Opto Electronic Co ROCE % Historical Data

The historical data trend for Shenzhen SNC Opto Electronic 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 SNC Opto Electronic Co ROCE % Chart

Shenzhen SNC Opto Electronic Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

29.71

49.04

21.59

21.90

19.95

Shenzhen SNC Opto Electronic Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial								27.67	43.01	10.53	14.15	12.85

Shenzhen SNC Opto Electronic Co ROCE % Calculation

Shenzhen SNC Opto Electronic 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 )
	=	175.589	/	( ( (862.658 - 398.465)	+	(1904.184 - 607.807) )	/ 2 )
	=	175.589	/	( (464.193	+	1296.377)	/ 2 )
	=	175.589	/	880.285
	=	19.95 %

Shenzhen SNC Opto Electronic Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	170.568	/	( ( (1860.554 - 529.094)	+	(1937.206 - 613.597) )	/ 2 )
	=	170.568	/	( ( 1331.46	+	1323.609 )	/ 2 )
	=	170.568	/	1327.5345
	=	12.85 %

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

Shenzhen SNC Opto Electronic Co (SZSE:001326) 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 SNC Opto Electronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen SNC Opto Electronic Co Ltd (SZSE:001326) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 172, Xiangshan Avenue, Yanluo Street, Room 101-601, Building 6, Zhengdaan Industrial City, Luotian, Baoan, Guangdong, Shenzhen, CHN, 518105

Website

https://www.snc-lighting.com

Shenzhen SNC Opto Electronic Co Ltd is engaged in research & development, production and sales of medium and high-power LED lighting products.

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