Hunan Sundy Science and Technology Co (SZSE:300515) ROCE % : 18.06% (As of Sep. 2024)

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What is Hunan Sundy Science and 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. Hunan Sundy Science and Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.06%.

Hunan Sundy Science and Technology Co ROCE % Historical Data

The historical data trend for Hunan Sundy Science and 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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Hunan Sundy Science and Technology Co ROCE % Chart

Hunan Sundy Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.14

15.60

17.04

16.04

7.54

Hunan Sundy Science and Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															26.13	-17.75	10.35	15.07	18.06

Hunan Sundy Science and Technology Co ROCE % Calculation

Hunan Sundy Science and 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 )
	=	55.797	/	( ( (1070.239 - 344.07)	+	(1154.744 - 401.522) )	/ 2 )
	=	55.797	/	( (726.169	+	753.222)	/ 2 )
	=	55.797	/	739.6955
	=	7.54 %

Hunan Sundy Science and Technology Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	133.92	/	( ( (1105.01 - 381.511)	+	(1137.032 - 377.6) )	/ 2 )
	=	133.92	/	( ( 723.499	+	759.432 )	/ 2 )
	=	133.92	/	741.4655
	=	18.06 %

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

Hunan Sundy Science and Technology Co (SZSE:300515) 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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Hunan Sundy Science and Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hunan Sundy Science and Technology Co Ltd (SZSE:300515) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.558, West Tongzipo Road, Changsha High-tech Development Zone, Hunan Province, Changsha, CHN, 410205

Website

http://www.sandegroup.com

Hunan Sundy Science and Technology Co Ltd is a supplier of coal analysis total solutions in China. It offers products including coal analysis instruments, mechanical samplers, sample preparation equipment as well as fuel management systems, coal quality analysis equipment (including sample preparation), fuel intelligent control systems and related accessories including supporting purchased parts and technical services.

Executives

Chen Kai He	Director
Zhu Yu Zhou	Supervisors
Zhou Zhi Yong	Executives
Zhu Xian De	Director
Yang Jing	Executives

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