Shenzhen Mason Technologies Co (SZSE:002654) ROCE % : 1.68% (As of Sep. 2024)

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What is Shenzhen Mason Technologies 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 Mason Technologies Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.68%.

Shenzhen Mason Technologies Co ROCE % Historical Data

The historical data trend for Shenzhen Mason Technologies 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 Mason Technologies Co ROCE % Chart

Shenzhen Mason Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.31

6.33

-12.88

-9.49

4.23

Shenzhen Mason Technologies 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															18.31	1.78	3.76	3.09	1.68

Shenzhen Mason Technologies Co ROCE % Calculation

Shenzhen Mason Technologies 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 )
	=	81.727	/	( ( (4239.96 - 2529.308)	+	(4010.157 - 1854.351) )	/ 2 )
	=	81.727	/	( (1710.652	+	2155.806)	/ 2 )
	=	81.727	/	1933.229
	=	4.23 %

Shenzhen Mason Technologies 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 )
	=	35.752	/	( ( (4147.286 - 1991.333)	+	(4247.192 - 2136.916) )	/ 2 )
	=	35.752	/	( ( 2155.953	+	2110.276 )	/ 2 )
	=	35.752	/	2133.1145
	=	1.68 %

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

Shenzhen Mason Technologies Co (SZSE:002654) 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.

Shenzhen Mason Technologies Co ROCE % Related Terms

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Shenzhen Mason Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Mason Technologies Co Ltd (SZSE:002654) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 2519 Guangqiao Avenue, Fenghuang Street, Room 1201, 11-12th Floor, Wanrun Building, Tangjia Community, Guangming District, Shenzhen, CHN

Website

https://www.masonled.com

Shenzhen Mason Technologies Co Ltd is engaged in the research and development, production, sales, and service of the medium and high-end light source device encapsulation and light-emitting diode (LED) products. The product range consists of government road LED lighting, industrial lighting, and commercial lighting. Its other product offering comprises an intelligent system and LED chips.

Executives

Li Zhi Jiang	Director
Rao Yi Lin	Securities Affairs Representative
Hao Jun	Directors, executives
Hu Liang	Executives
Luo Ming	Director
Tang Wei	Director
Liu Ping	Director
Luo Xiao Yan	Director

Shenzhen Mason Technologies Co Headlines

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