Wuxi Smart Auto-control Engineering Co (SZSE:002877) ROCE % : 5.30% (As of Mar. 2024)

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What is Wuxi Smart Auto-control Engineering 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. Wuxi Smart Auto-control Engineering Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.30%.

Wuxi Smart Auto-control Engineering Co ROCE % Historical Data

The historical data trend for Wuxi Smart Auto-control Engineering 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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Wuxi Smart Auto-control Engineering Co ROCE % Chart

Wuxi Smart Auto-control Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.93

7.45

8.00

8.92

8.74

Wuxi Smart Auto-control Engineering 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															6.36	12.62	12.84	3.66	5.30

Wuxi Smart Auto-control Engineering Co ROCE % Calculation

Wuxi Smart Auto-control Engineering 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 )
	=	124.603	/	( ( (2125.459 - 777.587)	+	(2336.133 - 833.701) )	/ 2 )
	=	124.603	/	( (1347.872	+	1502.432)	/ 2 )
	=	124.603	/	1425.152
	=	8.74 %

Wuxi Smart Auto-control Engineering 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 )
	=	80.368	/	( ( (2336.133 - 833.701)	+	(2382.301 - 852.759) )	/ 2 )
	=	80.368	/	( ( 1502.432	+	1529.542 )	/ 2 )
	=	80.368	/	1515.987
	=	5.30 %

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

Wuxi Smart Auto-control Engineering Co (SZSE:002877) 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.

Wuxi Smart Auto-control Engineering Co ROCE % Related Terms

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Wuxi Smart Auto-control Engineering Co (SZSE:002877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Smart Auto-control Engineering Co Ltd (SZSE:002877) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 258 Xida Road, Meicun Wuxi New District, Jiangsu, Wuxi, CHN, 214112

Website

http://www.wuxismart.com

Wuxi Smart Auto-control Engineering Co Ltd is a China based company engaged in the research and development, manufacturing, sales and service of intelligent control valves in the field of industrial process control. It offers customers with industrial solution control valve solutions under various working conditions. The product portfolio of the company includes P/J series single seat valve, R series ball valve, F series anti-corrosion, W series butterfly valve, T series three-way valve, Z series special valve, Y series self-operated valve, and Q series pneumatic actuator. The company's products and technologies are used in petroleum, chemical, steel, metallurgy, textile, energy, electricity, food, environmental protection and other industries.

Executives

Chen Yan	Director
Zhong Pei Ya	Executives
Wu Wei	Director
Du Xue Jun	Executives
Shen Jian Fei	Directors, Directors, and Executives
Sun Ming Dong	Supervisors

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