Shenzhen Envicool Technology Co (SZSE:002837) ROCE % : 26.75% (As of Sep. 2024)

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What is Shenzhen Envicool Technology 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 Envicool Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 26.75%.

Shenzhen Envicool Technology Co ROCE % Historical Data

The historical data trend for Shenzhen Envicool Technology 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 Envicool Technology Co ROCE % Chart

Shenzhen Envicool Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.52

15.49

14.21

16.25

17.07

Shenzhen Envicool Technology 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															22.14	26.09	10.47	20.83	26.75

Shenzhen Envicool Technology Co ROCE % Calculation

Shenzhen Envicool Technology 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 )
	=	422.906	/	( ( (4056.461 - 1792.656)	+	(5091.055 - 2399.666) )	/ 2 )
	=	422.906	/	( (2263.805	+	2691.389)	/ 2 )
	=	422.906	/	2477.597
	=	17.07 %

Shenzhen Envicool Technology 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 )
	=	785.948	/	( ( (4893.018 - 2107.943)	+	(5587.127 - 2495.267) )	/ 2 )
	=	785.948	/	( ( 2785.075	+	3091.86 )	/ 2 )
	=	785.948	/	2938.4675
	=	26.75 %

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

Shenzhen Envicool Technology Co (SZSE:002837) 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 Envicool Technology Co ROCE % Related Terms

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Shenzhen Envicool Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Envicool Technology Co Ltd (SZSE:002837) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Guanlan Street, Building 9, Hongxin Industrial Park, Longhua District, Shenzhen, CHN, 518110

Website

http://www.envicool.com

Shenzhen Envicool Technology Co Ltd is engaged in research and development, manufacturing, marketing of environment control equipment providing temperature control solutions and products.

Executives

Qi Yong	Directors, executives
Wei Li Chuan	Director
Liu Jun	Supervisors
Chen Chuan	Executives
Ou Xian Hua	Directors, Directors, and Executives
Wu Gang	Executives
You Guo Bo	Executives
Fang Tian Liang	Director
Feng De Shu	Supervisors
Wang Tie Wang	Executives
Chen Tao	Executives

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