Sungrow Power Supply Co (SZSE:300274) ROCE % : 26.64% (As of Mar. 2024)

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What is Sungrow Power Supply 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. Sungrow Power Supply Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.64%.

Sungrow Power Supply Co ROCE % Historical Data

The historical data trend for Sungrow Power Supply 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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Sungrow Power Supply Co ROCE % Chart

Sungrow Power Supply Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.50

19.16

12.41

19.09

37.34

Sungrow Power Supply 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															27.10	42.98	39.16	34.87	26.64

Sungrow Power Supply Co ROCE % Calculation

Sungrow Power Supply 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 )
	=	11778.9	/	( ( (61627.44 - 35468.598)	+	(82876.507 - 45936.989) )	/ 2 )
	=	11778.9	/	( (26158.842	+	36939.518)	/ 2 )
	=	11778.9	/	31549.18
	=	37.34 %

Sungrow Power Supply 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 )
	=	10314.596	/	( ( (82876.507 - 45936.989)	+	(84884.083 - 44379.949) )	/ 2 )
	=	10314.596	/	( ( 36939.518	+	40504.134 )	/ 2 )
	=	10314.596	/	38721.826
	=	26.64 %

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

Sungrow Power Supply Co (SZSE:300274) 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.

Sungrow Power Supply Co ROCE % Related Terms

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Sungrow Power Supply Co (SZSE:300274) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sungrow Power Supply Co Ltd (SZSE:300274) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.1699 Xiyou Raod, High-tech Industry Development Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.sungrowpower.com

China-based Sungrow manufactures and sells power supply equipment for the new energy industry. It offers a wide range of products, including solar inverters, energy storage systems, wind power converters, electric vehicle drives, among others. It is one of the largest suppliers of solar inverters and energy storage systems globally. It is also one of the largest new energy project developers in the world. Solar inverters, energy storage systems, and new energy investment and development each accounted for 39%, 25%, and 29% of revenue in 2022, respectively.

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