Sanchuan Wisdom Technology Co (SZSE:300066) ROCE % : -2.44% (As of Mar. 2024)

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What is Sanchuan Wisdom 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. Sanchuan Wisdom Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.44%.

Sanchuan Wisdom Technology Co ROCE % Historical Data

The historical data trend for Sanchuan Wisdom 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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Sanchuan Wisdom Technology Co ROCE % Chart

Sanchuan Wisdom Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.39

9.66

10.09

10.52

11.79

Sanchuan Wisdom Technology 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															2.53	16.32	11.83	16.58	-2.44

Sanchuan Wisdom Technology Co ROCE % Calculation

Sanchuan Wisdom 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 )
	=	309.763	/	( ( (3003.632 - 429.108)	+	(3251.71 - 573.721) )	/ 2 )
	=	309.763	/	( (2574.524	+	2677.989)	/ 2 )
	=	309.763	/	2626.2565
	=	11.79 %

Sanchuan Wisdom Technology 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 )
	=	-65.12	/	( ( (3251.71 - 573.721)	+	(3120.9 - 450.767) )	/ 2 )
	=	-65.12	/	( ( 2677.989	+	2670.133 )	/ 2 )
	=	-65.12	/	2674.061
	=	-2.44 %

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

Sanchuan Wisdom Technology Co (SZSE:300066) 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.

Sanchuan Wisdom Technology Co ROCE % Related Terms

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Sanchuan Wisdom Technology Co (SZSE:300066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sanchuan Wisdom Technology Co Ltd (SZSE:300066) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial Park District, Yingtan, Jiangxi, CHN, 335000

Website

http://www.ytsanchuan.com

Sanchuan Wisdom Technology Co Ltd is engaged in manufacturing water saving type water meter, intellectual card type water meter, network remote transmission water meter, direct reading electronic remote transmission water, drainage pipe and pipe fitting, water company management and application software.

Executives

Tong Bao Hua	Supervisors
Wu Xue Song	Directors, executives
Song Cai Hua	Directors, executives
Yang Zhi Qing	Supervisors
Li Qiang Zu	Directors, executives
Luo An Bao	Supervisors
Li Jian Lin	Director
Huang Cheng Ming	Securities Affairs Representative
Luo You Zheng	Supervisors
Ni Guo Qiang	Executives, executives

Sanchuan Wisdom Technology Co (SZSE:300066) Headlines

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