Shenzhen New Industries Biomedical Engineering Co (SZSE:300832) ROCE % : 27.23% (As of Sep. 2024)

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What is Shenzhen New Industries Biomedical Engineering 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 New Industries Biomedical Engineering Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 27.23%.

Shenzhen New Industries Biomedical Engineering Co ROCE % Historical Data

The historical data trend for Shenzhen New Industries Biomedical Engineering 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 New Industries Biomedical Engineering Co ROCE % Chart

Shenzhen New Industries Biomedical Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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31.39

26.99

21.75

24.90

26.93

Shenzhen New Industries Biomedical Engineering 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															28.94	28.53	24.83	28.07	27.23

Shenzhen New Industries Biomedical Engineering Co ROCE % Calculation

Shenzhen New Industries Biomedical Engineering 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 )
	=	1893.499	/	( ( (7014.554 - 583.943)	+	(8222.489 - 591.48) )	/ 2 )
	=	1893.499	/	( (6430.611	+	7631.009)	/ 2 )
	=	1893.499	/	7030.81
	=	26.93 %

Shenzhen New Industries Biomedical Engineering 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 )
	=	2175.172	/	( ( (8342.882 - 606.083)	+	(8836.313 - 598.608) )	/ 2 )
	=	2175.172	/	( ( 7736.799	+	8237.705 )	/ 2 )
	=	2175.172	/	7987.252
	=	27.23 %

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

Shenzhen New Industries Biomedical Engineering Co (SZSE:300832) 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 New Industries Biomedical Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shenzhen New Industries Biomedical Engineering Co Ltd (SZSE:300832) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Jinxiu East Road, Kengzi Street, 21st Floor, New Industrial Bio Building, Jinsha Community, Pingshan District, Guangdong Province, Shenzhen, CHN, 518118

Website

https://www.snibe.com

Shenzhen New Industries Biomedical Engineering Co Ltd is researching, developing, producing and selling a series of fully automatic chemiluminescence immunoassay instruments and supporting reagents.

Executives

Rao Jie	Director
Liu Hai Yan	Executives
Ma Jie	Supervisors
Ding Chen Liu	Executives
Zhang Xiao Hong	Executives
Zhang Lei	Directors, executives
Li Ting Hua	Executives
Song Hong Tao	Supervisors
Liu Peng	Director
Jiang Li Li	Supervisors

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