Shenzhen Liande Automatic Equipment Co (SZSE:300545) ROCE % : 20.52% (As of Sep. 2024)

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What is Shenzhen Liande Automatic Equipment 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 Liande Automatic Equipment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 20.52%.

Shenzhen Liande Automatic Equipment Co ROCE % Historical Data

The historical data trend for Shenzhen Liande Automatic Equipment 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 Liande Automatic Equipment Co ROCE % Chart

Shenzhen Liande Automatic Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.00

9.02

2.93

5.95

12.30

Shenzhen Liande Automatic Equipment 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															14.21	10.94	12.24	16.98	20.52

Shenzhen Liande Automatic Equipment Co ROCE % Calculation

Shenzhen Liande Automatic Equipment 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 )
	=	216.676	/	( ( (2636.455 - 989.09)	+	(3036.575 - 1161.93) )	/ 2 )
	=	216.676	/	( (1647.365	+	1874.645)	/ 2 )
	=	216.676	/	1761.005
	=	12.30 %

Shenzhen Liande Automatic Equipment 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 )
	=	417.076	/	( ( (3008.306 - 1025.695)	+	(3055.991 - 973.73) )	/ 2 )
	=	417.076	/	( ( 1982.611	+	2082.261 )	/ 2 )
	=	417.076	/	2032.436
	=	20.52 %

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

Shenzhen Liande Automatic Equipment Co (SZSE:300545) 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.

Shenzhen Liande Automatic Equipment Co ROCE % Related Terms

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Shenzhen Liande Automatic Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Liande Automatic Equipment Co Ltd (SZSE:300545) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1st Road, Guanhu Street, Room 101, Building L, No. 1, Xiawei Industrial Zone, Zhangxi Community, Longhua District, Guangdong Province, Shenzhen, CHN, 518110

Website

https://www.liande-china.com

Shenzhen Liande Automatic Equipment Co Ltd engages in the provision of electronic equipment and solutions. Its products include touch panel touch screen module, liquid crystal display screen module, and surface-mount technology (SMT) professional equipment; and automated production lines, including SMT combination of transmission line, parallel transfer machine, industrial automation equipment and testing equipment.

Executives

Nie Quan	Directors, executives
Zhong Hui	Directors, Directors, and Executives
Liu Wen Sheng	Directors, executives
Zhang Jun	Supervisors
Yang Xiao Fen	Securities Affairs Representative

Shenzhen Liande Automatic Equipment Co Headlines

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