Shenzhen FRD Science & Techonology Co (SZSE:300602) ROCE % : 3.54% (As of Sep. 2024)

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What is Shenzhen FRD Science & Techonology 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 FRD Science & Techonology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.54%.

Shenzhen FRD Science & Techonology Co ROCE % Historical Data

The historical data trend for Shenzhen FRD Science & Techonology 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 FRD Science & Techonology Co ROCE % Chart

Shenzhen FRD Science & Techonology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.02

9.24

0.44

3.14

3.64

Shenzhen FRD Science & Techonology 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															5.20	5.22	2.98	3.91	3.54

Shenzhen FRD Science & Techonology Co ROCE % Calculation

Shenzhen FRD Science & Techonology 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 )
	=	146.215	/	( ( (6285.395 - 2867.471)	+	(7382.564 - 2758.679) )	/ 2 )
	=	146.215	/	( (3417.924	+	4623.885)	/ 2 )
	=	146.215	/	4020.9045
	=	3.64 %

Shenzhen FRD Science & Techonology 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 )
	=	164.46	/	( ( (7391.51 - 2772.818)	+	(7592.938 - 2907.829) )	/ 2 )
	=	164.46	/	( ( 4618.692	+	4685.109 )	/ 2 )
	=	164.46	/	4651.9005
	=	3.54 %

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

Shenzhen FRD Science & Techonology Co (SZSE:300602) 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 FRD Science & Techonology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen FRD Science & Techonology Co Ltd (SZSE:300602) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 8 Gaofa Industrial Park, Maotoushan, FRD Building, Beihuan Boulevard, 1st to 6th Floor, Nanshan District, Guangdong Province, Shenzhen, CHN, 518055

Website

http://www.frd.cn

Shenzhen FRD Science & Techonology Co Ltd is a China based company engaged in manufacturing of EMI shielding materials, Thermal interface materials and other related electronic materials. The company has a business presence in China, and other countries. EMI shielding materials include metal shielding products, electrically conductive elastomer, fabric over foam and conductive, electrically conductive plastics, and microwave absorber. Thermal materials comprise graphite film, thermal interface material, and thermally conductive plastics. The other supporting materials offered by the entity are PUR hot melt adhesive, and graphics overlay and labels.

Executives

Shi Wei Min	Executives
Ma Fei	Director
Du Jin Song	Directors, executives
Zhang Quan Hong	Executives
Xie Huo Gui	Supervisors
Liu Yi	Executives
Wang Yan	Directors, executives
Ma Jun	Directors, executives
Lan Yu Hong	Executives
Qiu Huan Wen	Directors, executives
Lai Xiang Dong	Independent director

Shenzhen FRD Science & Techonology Co Headlines

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