Hangzhou Seck Intelligent Technology Co (SZSE:300897) ROCE % : 7.35% (As of Mar. 2024)

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What is Hangzhou Seck Intelligent Technology 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. Hangzhou Seck Intelligent Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.35%.

Hangzhou Seck Intelligent Technology Co ROCE % Historical Data

The historical data trend for Hangzhou Seck Intelligent Technology 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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Hangzhou Seck Intelligent Technology Co ROCE % Chart

Hangzhou Seck Intelligent Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.28

14.31

11.52

9.75

10.62

Hangzhou Seck Intelligent Technology 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															7.63	9.63	11.03	14.59	7.35

Hangzhou Seck Intelligent Technology Co ROCE % Calculation

Hangzhou Seck Intelligent Technology 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 )
	=	101.514	/	( ( (1231.231 - 301.184)	+	(1290.165 - 308.015) )	/ 2 )
	=	101.514	/	( (930.047	+	982.15)	/ 2 )
	=	101.514	/	956.0985
	=	10.62 %

Hangzhou Seck Intelligent Technology 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 )
	=	72.508	/	( ( (1290.165 - 308.015)	+	(1257 - 266.221) )	/ 2 )
	=	72.508	/	( ( 982.15	+	990.779 )	/ 2 )
	=	72.508	/	986.4645
	=	7.35 %

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

Hangzhou Seck Intelligent Technology Co (SZSE:300897) 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.

Hangzhou Seck Intelligent Technology Co ROCE % Related Terms

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Hangzhou Seck Intelligent Technology Co (SZSE:300897) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hangzhou Seck Intelligent Technology Co Ltd (SZSE:300897) » Definitions » ROCE %

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Address

No. 1197, Bin'an Road, Room 3172, Building 6, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310012

Website

http://www.seck.com.cn

Hangzhou Seck Intelligent Technology Co Ltd is engaged in research and development, production, sales and service of various intelligent remote water meter measurement sensors and complete meters, water pipe network field controllers and back-end collection systems.

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