Suzhou Longway Electronic Machinery Co (SZSE:301202) ROCE % : 4.05% (As of Mar. 2024)

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What is Suzhou Longway Electronic Machinery 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. Suzhou Longway Electronic Machinery Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.05%.

Suzhou Longway Electronic Machinery Co ROCE % Historical Data

The historical data trend for Suzhou Longway Electronic Machinery 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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Suzhou Longway Electronic Machinery Co ROCE % Chart

Suzhou Longway Electronic Machinery Co Annual Data

Trend

Dec13

Dec14

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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33.07

34.89

28.27

17.27

9.63

Suzhou Longway Electronic Machinery Co Quarterly Data
	Dec13	Dec14	Jun15	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														8.29	13.84	5.02	8.73	4.05

Suzhou Longway Electronic Machinery Co ROCE % Calculation

Suzhou Longway Electronic Machinery 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 )
	=	82.118	/	( ( (867.066 - 367.128)	+	(1495.774 - 289.725) )	/ 2 )
	=	82.118	/	( (499.938	+	1206.049)	/ 2 )
	=	82.118	/	852.9935
	=	9.63 %

Suzhou Longway Electronic Machinery 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 )
	=	48.936	/	( ( (1495.774 - 289.725)	+	(1534.806 - 321.343) )	/ 2 )
	=	48.936	/	( ( 1206.049	+	1213.463 )	/ 2 )
	=	48.936	/	1209.756
	=	4.05 %

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

Suzhou Longway Electronic Machinery Co (SZSE:301202) 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.

Suzhou Longway Electronic Machinery Co ROCE % Related Terms

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Suzhou Longway Electronic Machinery Co (SZSE:301202) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Suzhou Longway Electronic Machinery Co Ltd (SZSE:301202) » Definitions » ROCE %

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Address

Sumitomo Denso Road, Panyang Industrial Park, Huangdai Town, Xiangcheng District, Jiangsu Province, Suzhou, CHN, 215143

Website

http://www.longwaycabinet.com

Suzhou Longway Electronic Machinery Co Ltd is a high-tech enterprise specializing in research and development, production, sales and service of data center cabinets such as server cabinets, hot and cold aisles, micro-modules, T-block racks, and integrated wiring products such as data cables.

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