Sichuan Etrol Technologies Co (SZSE:300370) ROCE % : -4.33% (As of Mar. 2024)

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What is Sichuan Etrol Technologies 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. Sichuan Etrol Technologies Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.33%.

Sichuan Etrol Technologies Co ROCE % Historical Data

The historical data trend for Sichuan Etrol Technologies 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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Sichuan Etrol Technologies Co ROCE % Chart

Sichuan Etrol Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.13

-32.70

-185.60

-54.07

-15.96

Sichuan Etrol Technologies 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															-25.99	-6.93	-6.69	-24.39	-4.33

Sichuan Etrol Technologies Co ROCE % Calculation

Sichuan Etrol Technologies 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 )
	=	-163.999	/	( ( (1925.251 - 959.147)	+	(1508.189 - 419.446) )	/ 2 )
	=	-163.999	/	( (966.104	+	1088.743)	/ 2 )
	=	-163.999	/	1027.4235
	=	-15.96 %

Sichuan Etrol Technologies 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 )
	=	-46.828	/	( ( (1508.189 - 419.446)	+	(1433.667 - 360.586) )	/ 2 )
	=	-46.828	/	( ( 1088.743	+	1073.081 )	/ 2 )
	=	-46.828	/	1080.912
	=	-4.33 %

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

Sichuan Etrol Technologies Co (SZSE:300370) 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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Sichuan Etrol Technologies Co (SZSE:300370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sichuan Etrol Technologies Co Ltd (SZSE:300370) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Building 9, Jinrun Industrial Park, Xuzhou District, Sichuan Province, Yibin, CHN, 100095

Website

http://www.etrol.com

Sichuan Etrol Technologies Co Ltd is a Chinese manufacturer of automation products. Its products include DCS, RTU, instruments, environment protection equipment, skid-mounted equipment and application software, and others. The company offers solutions to customers in various industries, covering Oil & Gas, Chemical Industry, Coal bed Methane (CBM), water and waste water, heating, city gas, power plant, environment protection, robot, intelligent building, smart granary, smart city, among others.

Executives

Zhong Xiao Kang	Supervisors
Li Shi Qiang	Supervisors
Zhang Lei	Directors, executives
Li Chun Fu	Directors, Directors, and Executives
Wang Wen Ming	Director
Zhang Bin	Executives
Yu Ling	Director
Dong Ai Min	Director
Zhuang Gui Lin	Director
Wang Bin	Executives
Zhuo Ming	Director
Song Wei Hong	Director
Nie Rong Xin	Secretary Dong
Liu Xiao Liang	Supervisors
Zhang Jian Ping	Supervisors

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