Shanghai Welltech Automation Co (SZSE:002058) ROCE % : 0.14% (As of Sep. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Shanghai Welltech Automation 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. Shanghai Welltech Automation Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.14%.

Shanghai Welltech Automation Co ROCE % Historical Data

The historical data trend for Shanghai Welltech Automation 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.

* Premium members only.

Shanghai Welltech Automation Co ROCE % Chart

Shanghai Welltech Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-6.99

3.57

10.76

-8.36

-5.97

Shanghai Welltech Automation Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-4.06	-9.40	-7.39	-3.21	0.14

Shanghai Welltech Automation Co ROCE % Calculation

Shanghai Welltech Automation 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 )
	=	-11.995	/	( ( (373.288 - 163.615)	+	(308.787 - 116.581) )	/ 2 )
	=	-11.995	/	( (209.673	+	192.206)	/ 2 )
	=	-11.995	/	200.9395
	=	-5.97 %

Shanghai Welltech Automation Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	0.26	/	( ( (308.883 - 125.17)	+	(299.538 - 116.965) )	/ 2 )
	=	0.26	/	( ( 183.713	+	182.573 )	/ 2 )
	=	0.26	/	183.143
	=	0.14 %

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

Shanghai Welltech Automation Co (SZSE:002058) 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.

Shanghai Welltech Automation Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shanghai Welltech Automation Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Welltech Automation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Welltech Automation Co Ltd (SZSE:002058) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 263 Hongqiao Middle Road, MinHang District, Shanghai, CHN, 201103

Website

http://www.welltech.com.cn

Shanghai Welltech Automation Co Ltd is a China-based industrial valve manufacturing company. It is engaged in the production and sales of industrial automation instruments and meters. Its product offering includes a pressure sensor, flowmeter, temperature measuring instrument, control valve, and an actuator. The company also offers after sale services.

Executives

Li Yu	Director
Li Cheng Sheng	Executives
Liang Huai Xi	Executives
Zhang Jin Zu	Director
Yu Shi Xin	Executives

Shanghai Welltech Automation Co Headlines

No Headlines