Shenzhen Sunshine Laser and Electronics Technology Co (SZSE:300227) ROCE % : 2.62% (As of Mar. 2024)

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What is Shenzhen Sunshine Laser and Electronics 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 Sunshine Laser and Electronics Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.62%.

Shenzhen Sunshine Laser and Electronics Technology Co ROCE % Historical Data

The historical data trend for Shenzhen Sunshine Laser and Electronics 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 Sunshine Laser and Electronics Technology Co ROCE % Chart

Shenzhen Sunshine Laser and Electronics Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.99

13.29

8.82

6.42

4.31

Shenzhen Sunshine Laser and Electronics 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															2.65	6.72	6.02	1.54	2.62

Shenzhen Sunshine Laser and Electronics Technology Co ROCE % Calculation

Shenzhen Sunshine Laser and Electronics 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 )
	=	77.634	/	( ( (2557.802 - 751.911)	+	(2723.945 - 931.142) )	/ 2 )
	=	77.634	/	( (1805.891	+	1792.803)	/ 2 )
	=	77.634	/	1799.347
	=	4.31 %

Shenzhen Sunshine Laser and Electronics 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 )
	=	48.596	/	( ( (2723.945 - 931.142)	+	(2666.586 - 744.343) )	/ 2 )
	=	48.596	/	( ( 1792.803	+	1922.243 )	/ 2 )
	=	48.596	/	1857.523
	=	2.62 %

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

Shenzhen Sunshine Laser and Electronics Technology Co (SZSE:300227) 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.

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Shenzhen Sunshine Laser and Electronics Technology Co (SZSE:300227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Sunshine Laser and Electronics Technology Co Ltd (SZSE:300227) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 13 Langshan Road, 1st Floor, Block C, Tsinghua Unisplendour Technology Park, Nanshan District, Shenzhen, CHN, 518051

Website

http://www.sunshine-laser.com

Shenzhen Sunshine Laser and Electronics Technology Co Ltd is engaged in providing laser technology and application services to manufacturing and processing industries. The products and services of the company include additive manufacturing, laser three dimensional circuit, flexible circuit board laser forming, precision laser drilling, and precision laser template.

Executives

Wang Rong	Directors, executives
Zhang Hong Yu	Directors, executives
Wang Jun	Executives
Hou Ruo Hong	Directors, executives
Fan Rong	Securities Affairs Representative
Cai Zhi Xiang	Executives
Li Lu	Secretary Dong
Zhang Yu Feng	Director
Chen Xuan	Executives

Shenzhen Sunshine Laser and Electronics Technology Co (SZSE:300227) Headlines

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