Shenzhen Longood Intelligent Electric Co (SZSE:300543) ROCE % : 1.96% (As of Mar. 2024)

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What is Shenzhen Longood Intelligent Electric 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 Longood Intelligent Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.96%.

Shenzhen Longood Intelligent Electric Co ROCE % Historical Data

The historical data trend for Shenzhen Longood Intelligent Electric 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 Longood Intelligent Electric Co ROCE % Chart

Shenzhen Longood Intelligent Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.56

24.46

11.80

6.76

3.46

Shenzhen Longood Intelligent Electric 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															3.06	6.69	1.12	2.99	1.96

Shenzhen Longood Intelligent Electric Co ROCE % Calculation

Shenzhen Longood Intelligent Electric 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 )
	=	51.035	/	( ( (2099.827 - 629.252)	+	(2051.27 - 568.579) )	/ 2 )
	=	51.035	/	( (1470.575	+	1482.691)	/ 2 )
	=	51.035	/	1476.633
	=	3.46 %

Shenzhen Longood Intelligent Electric 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 )
	=	29.136	/	( ( (2051.27 - 568.579)	+	(2015.071 - 523.691) )	/ 2 )
	=	29.136	/	( ( 1482.691	+	1491.38 )	/ 2 )
	=	29.136	/	1487.0355
	=	1.96 %

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

Shenzhen Longood Intelligent Electric Co (SZSE:300543) 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 Longood Intelligent Electric Co (SZSE:300543) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Longood Intelligent Electric Co Ltd (SZSE:300543) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Block No. 8-4, Aiqun Avenue, Tongfuyu Industrial Park, Shiyan, Baoan District, Shenzhen, CHN, 518108

Website

http://www.longood.com

Shenzhen Longood Intelligent Electric Co Ltd is mainly engaged in the research and development, production, sales and service of intelligent control, intelligent power supply and new energy based on application electronic technology. Its products are widely used in smart home appliances, power tools, lithium battery management, LED lighting, HID lighting, motor systems and New energy and other fields.

Executives

Chu Qing Song	Supervisors
Xiao Ling	Directors, executives
Zhou Pan Pan	Supervisors
Sun Ze Ying	Supervisors
Pan Sheng Wang	Director
Song Zhi Huan	Independent director
Chen Jing	Directors, executives
Yang Xiong	Executives
Wu Xiao Cheng	Directors, Directors, and Executives

Shenzhen Longood Intelligent Electric Co (SZSE:300543) Headlines

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