Sichuan Injet Electric Co (SZSE:300820) ROCE % : 25.50% (As of Sep. 2024)

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What is Sichuan Injet 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. Sichuan Injet Electric Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 25.50%.

Sichuan Injet Electric Co ROCE % Historical Data

The historical data trend for Sichuan Injet 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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Sichuan Injet Electric Co ROCE % Chart

Sichuan Injet Electric Co Annual Data

Trend

Dec11

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.70

14.16

16.06

28.70

26.81

Sichuan Injet Electric 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															30.33	32.72	18.20	20.10	25.50

Sichuan Injet Electric Co ROCE % Calculation

Sichuan Injet 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 )
	=	497.383	/	( ( (2868.29 - 1339.909)	+	(3894.96 - 1713.373) )	/ 2 )
	=	497.383	/	( (1528.381	+	2181.587)	/ 2 )
	=	497.383	/	1854.984
	=	26.81 %

Sichuan Injet Electric 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 )
	=	613.856	/	( ( (4064.782 - 1719.207)	+	(3991.201 - 1522.274) )	/ 2 )
	=	613.856	/	( ( 2345.575	+	2468.927 )	/ 2 )
	=	613.856	/	2407.251
	=	25.50 %

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

Sichuan Injet Electric Co (SZSE:300820) 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 Injet Electric Co ROCE % Related Terms

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Sichuan Injet Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sichuan Injet Electric Co Ltd (SZSE:300820) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.686 West Jinshajiang Road, Sichuan Province, Deyang, CHN, 618000

Website

http://www.injet.cn

Sichuan Injet Electric Co Ltd is engaged in production and sales of electronics, microelectronics and power electronics and other control equipments. The company's products include polysilicon CVD reactor power system, polysilicon ingot furnace power supply, single crystal furnace power supply, Sapphire furnace power supply, special power supply, power controller and system, active power filter and other power products and industrial power system solutions.

Executives

Chen Jin Jie	Executives
Zhang Hai Tao	Executives
Cui Lian Run	Executives
Wang Jun	Director
Liu Shao De	Directors, executives
Zhang Yu	Independent director

Sichuan Injet Electric Co Headlines

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