Jiangsu Shentong Valve Co (SZSE:002438) ROCE % : 10.99% (As of Mar. 2024)

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What is Jiangsu Shentong Valve 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. Jiangsu Shentong Valve Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.99%.

Jiangsu Shentong Valve Co ROCE % Historical Data

The historical data trend for Jiangsu Shentong Valve 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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Jiangsu Shentong Valve Co ROCE % Chart

Jiangsu Shentong Valve Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.64

12.42

12.80

8.98

8.90

Jiangsu Shentong Valve 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															10.21	7.29	10.80	7.68	10.99

Jiangsu Shentong Valve Co ROCE % Calculation

Jiangsu Shentong Valve 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 )
	=	324.834	/	( ( (5800.19 - 2131.478)	+	(5845.909 - 2211.952) )	/ 2 )
	=	324.834	/	( (3668.712	+	3633.957)	/ 2 )
	=	324.834	/	3651.3345
	=	8.90 %

Jiangsu Shentong Valve 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 )
	=	409.468	/	( ( (5845.909 - 2211.952)	+	(5726.49 - 1906.789) )	/ 2 )
	=	409.468	/	( ( 3633.957	+	3819.701 )	/ 2 )
	=	409.468	/	3726.829
	=	10.99 %

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

Jiangsu Shentong Valve Co (SZSE:002438) 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.

Jiangsu Shentong Valve Co ROCE % Related Terms

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Jiangsu Shentong Valve Co (SZSE:002438) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Shentong Valve Co Ltd (SZSE:002438) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

NanYang Industrial Area, Qidong, Jiangsu, CHN, 226232

Website

http://www.stfm.cn

Jiangsu Shentong Valve Co Ltd is engaged in research, development, production, and sale of novel special valves. The company produces valves, ball valves, gate valves, stop valves, check valves, control valves, and special valves. The products are widely applied in fields of metallurgy, nuclear power, thermal power, chemical processing of coal, petroleum and natural gas gathering and transportation, petroleum refining and chemical.

Executives

Wang Yi	Director
Zhao Wen Hao	Executives
Han Li	Director
Zhang Li Hong	Executives
Chen Ming Di	Securities Affairs Representative
Lin Dong Xiang	Executives
Zhang Yi Fang	Directors, executives
Shi Wei Ming	Executives
Wu Jian Xin	Director
Huang Yuan Zhong	Supervisors
Chen Yong Sheng	Supervisors
Huang Gao Yang	Directors, executives
Yu Zheng Tao	Directors, executives

Jiangsu Shentong Valve Co (SZSE:002438) Headlines

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