Miracle Automation Engineering Co (SZSE:002009) ROCE % : 2.98% (As of Mar. 2024)

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What is Miracle Automation Engineering 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. Miracle Automation Engineering Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.98%.

Miracle Automation Engineering Co ROCE % Historical Data

The historical data trend for Miracle Automation Engineering 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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Miracle Automation Engineering Co ROCE % Chart

Miracle Automation Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.18

8.23

10.20

11.49

-13.45

Miracle Automation Engineering Co Quarterly Data
	Jun19	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															-40.06	-4.50	-2.58	-6.62	2.98

Miracle Automation Engineering Co ROCE % Calculation

Miracle Automation Engineering 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 )
	=	-378.439	/	( ( (7263.607 - 4387.785)	+	(6491.856 - 3742.025) )	/ 2 )
	=	-378.439	/	( (2875.822	+	2749.831)	/ 2 )
	=	-378.439	/	2812.8265
	=	-13.45 %

Miracle Automation Engineering 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 )
	=	80.524	/	( ( (6491.856 - 3742.025)	+	(6298.201 - 3645.883) )	/ 2 )
	=	80.524	/	( ( 2749.831	+	2652.318 )	/ 2 )
	=	80.524	/	2701.0745
	=	2.98 %

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

Miracle Automation Engineering Co (SZSE:002009) 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.

Miracle Automation Engineering Co ROCE % Related Terms

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Miracle Automation Engineering Co (SZSE:002009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Miracle Automation Engineering Co Ltd (SZSE:002009) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 288 Luojing Road, Luoshe town, Huishan District, Jiangsu Province, Wuxi, CHN

Website

http://www.chinaconveyor.com

Miracle Automation Engineering Co Ltd is engaged in the design, manufacture, and installation of logistics systems, optical electromechanical integration projects, and a wind power generator in China.

Executives

Li Ming Bo	Executives
Zhang Yu Xing	Secretary, Director
Shen Xian Feng	Executives
Shen Bao Wei	Directors, executives
	Directors, executives
Chou Xue Qin	Executives
Li Feng Bao	Supervisors
Bai Kai Jun	Director
Yang Lei	Directors, executives
Zhang Yuan Xing	Supervisors

Miracle Automation Engineering Co (SZSE:002009) Headlines

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