SMS Electric Co Zhengzhou (SZSE:002857) ROCE % : -14.09% (As of Jun. 2024)

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What is SMS Electric Co Zhengzhou 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. SMS Electric Co Zhengzhou's annualized ROCE % for the quarter that ended in Jun. 2024 was -14.09%.

SMS Electric Co Zhengzhou ROCE % Historical Data

The historical data trend for SMS Electric Co Zhengzhou'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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SMS Electric Co Zhengzhou ROCE % Chart

SMS Electric Co Zhengzhou Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.69

5.38

3.49

2.16

0.44

SMS Electric Co Zhengzhou Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-6.81	-1.29	10.83	-0.59	-14.09

SMS Electric Co Zhengzhou ROCE % Calculation

SMS Electric Co Zhengzhou'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 )
	=	2.337	/	( ( (656.002 - 128.679)	+	(772.365 - 227.225) )	/ 2 )
	=	2.337	/	( (527.323	+	545.14)	/ 2 )
	=	2.337	/	536.2315
	=	0.44 %

SMS Electric Co Zhengzhou's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-72.648	/	( ( (711.222 - 185.918)	+	(811.195 - 305.519) )	/ 2 )
	=	-72.648	/	( ( 525.304	+	505.676 )	/ 2 )
	=	-72.648	/	515.49
	=	-14.09 %

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

SMS Electric Co Zhengzhou (SZSE:002857) 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.

SMS Electric Co Zhengzhou ROCE % Related Terms

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SMS Electric Co Zhengzhou Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SMS Electric Co Ltd Zhengzhou (SZSE:002857) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

SMS Industrial Park at No. 85 Fifth Avenue, Economic and Technical Development Zone, Zhengzhou, CHN, 450016

Website

http://www.cnsms.com

SMS Electric Co Ltd Zhengzhou is engaged in the research, design, producing and sale of electricity metering instrument in China. It offers testing automation products, energy meter terminals, standard test devices, portable meter test systems, simulation equipment, and transformers.

Executives

Yu Yi Zhou	Directors, executives
Wang Hong	Directors, executives

SMS Electric Co Zhengzhou Headlines

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