Sichuan Shudao Equipment and Technology Co (SZSE:300540) ROCE % : 7.76% (As of Sep. 2024)

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What is Sichuan Shudao Equipment 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. Sichuan Shudao Equipment and Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.76%.

Sichuan Shudao Equipment and Technology Co ROCE % Historical Data

The historical data trend for Sichuan Shudao Equipment 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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Sichuan Shudao Equipment and Technology Co ROCE % Chart

Sichuan Shudao Equipment and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.73

3.48

-12.90

-2.73

3.36

Sichuan Shudao Equipment 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															2.23	6.31	2.53	-0.55	7.76

Sichuan Shudao Equipment and Technology Co ROCE % Calculation

Sichuan Shudao Equipment 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 )
	=	34.765	/	( ( (1470.988 - 487.953)	+	(1740.615 - 653.027) )	/ 2 )
	=	34.765	/	( (983.035	+	1087.588)	/ 2 )
	=	34.765	/	1035.3115
	=	3.36 %

Sichuan Shudao Equipment 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 )
	=	81.276	/	( ( (1658.003 - 625.01)	+	(1738.157 - 677.709) )	/ 2 )
	=	81.276	/	( ( 1032.993	+	1060.448 )	/ 2 )
	=	81.276	/	1046.7205
	=	7.76 %

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

Sichuan Shudao Equipment and Technology Co (SZSE:300540) 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.

Sichuan Shudao Equipment and Technology Co ROCE % Related Terms

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Sichuan Shudao Equipment and Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sichuan Shudao Equipment and Technology Co Ltd (SZSE:300540) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 569, Tongshanqiao Road, North Area of ??Modern Industrial Port, Pidu District, Sichuan Province, Chengdu, CHN, 611743

Website

http://www.shudaozb.com

Sichuan Shudao Equipment and Technology Co Ltd R&D, production, and sales of LNG liquefaction equipment, liquid air separation equipment, and cryogenic liquid storage and transportation. It is a joint-stock enterprise that focuses on equipment and is committed to the development and application of new energy and energy-saving technologies, as well as the research and development and manufacture of transportation equipment. Its products and services include Cryogenic technology equipment manufacturing services, Energy Equipment Manufacturing Services, Transportation Equipment Manufacturing Services, and Gas and clean energy investment operations.

Executives

Wen Xiang Nan	Executives
Zhang Jian Hua	Executives
Ma Ji Gang	Directors, executives
Liu Ying Guo	Supervisors
Cheng Yuan	Director
Xiao Hui He	Director
Huang Su	Supervisors
Xia Zhi Hui	Supervisors
Cui Zhi Xiang	Directors, executives

Sichuan Shudao Equipment and Technology Co Headlines

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