Sinostar Cable Co (SZSE:300933) ROCE % : 7.43% (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Sinostar Cable 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. Sinostar Cable Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.43%.

Sinostar Cable Co ROCE % Historical Data

The historical data trend for Sinostar Cable 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.

* Premium members only.

Sinostar Cable Co ROCE % Chart

Sinostar Cable Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

15.26

13.12

9.93

8.52

7.30

Sinostar Cable 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															10.03	4.79	7.13	7.02	7.43

Sinostar Cable Co ROCE % Calculation

Sinostar Cable 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 )
	=	152.702	/	( ( (3428.587 - 1383.428)	+	(3939.836 - 1801.417) )	/ 2 )
	=	152.702	/	( (2045.159	+	2138.419)	/ 2 )
	=	152.702	/	2091.789
	=	7.30 %

Sinostar Cable 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 )
	=	162.788	/	( ( (4125.677 - 1939.762)	+	(4112.239 - 1918.406) )	/ 2 )
	=	162.788	/	( ( 2185.915	+	2193.833 )	/ 2 )
	=	162.788	/	2189.874
	=	7.43 %

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

Sinostar Cable Co (SZSE:300933) 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.

Sinostar Cable Co ROCE % Related Terms

Thank you for viewing the detailed overview of Sinostar Cable Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Sinostar Cable Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sinostar Cable Co Ltd (SZSE:300933) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 8 South Jiu Road, Huankeyuan, Jiangsu Province, Yixing, Wuxi, CHN, 214200

Website

http://www.sinostar-cable.com

Sinostar Cable Co Ltd is involved in the production and sales of wires, cables and cable accessories. The main products are power cables, bare wires, wires and cables for electrical equipment and other wire and cable products and cable accessories.

Sinostar Cable Co Headlines

No Headlines