Senhe Elevator Co (SZSE:301056) ROCE % : 15.52% (As of Mar. 2024)

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What is Senhe Elevator 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. Senhe Elevator Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.52%.

Senhe Elevator Co ROCE % Historical Data

The historical data trend for Senhe Elevator 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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Senhe Elevator Co ROCE % Chart

Senhe Elevator Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.41

17.33

13.58

7.33

12.86

Senhe Elevator Co Quarterly Data
	Dec18	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															6.33	19.40	11.89	13.99	15.52

Senhe Elevator Co ROCE % Calculation

Senhe Elevator 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 )
	=	103.146	/	( ( (1303.657 - 541.585)	+	(1457.156 - 615.271) )	/ 2 )
	=	103.146	/	( (762.072	+	841.885)	/ 2 )
	=	103.146	/	801.9785
	=	12.86 %

Senhe Elevator 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 )
	=	133.032	/	( ( (1457.156 - 615.271)	+	(1405.061 - 533.137) )	/ 2 )
	=	133.032	/	( ( 841.885	+	871.924 )	/ 2 )
	=	133.032	/	856.9045
	=	15.52 %

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

Senhe Elevator Co (SZSE:301056) 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.

Senhe Elevator Co ROCE % Related Terms

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Senhe Elevator Co (SZSE:301056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Senhe Elevator Co Ltd (SZSE:301056) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Senhe Avenue, Lianshi Industrial Park, Nanxun District, Zhejiang Province, Huzhou, CHN, 313013

Website

https://www.sicher-elevator.com

Senhe Elevator Co Ltd is engaged in manufacturing, installation, repair, renovation and maintenance services of elevators and garages.

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