Shenzhen iN Cube Automation Co (SZSE:301312) ROCE % : 8.70% (As of Sep. 2024)

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What is Shenzhen iN Cube Automation 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 iN Cube Automation Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.70%.

Shenzhen iN Cube Automation Co ROCE % Historical Data

The historical data trend for Shenzhen iN Cube Automation 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 iN Cube Automation Co ROCE % Chart

Shenzhen iN Cube Automation Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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50.26

152.85

39.29

17.88

6.91

Shenzhen iN Cube Automation Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														7.36	6.28	-2.82	9.71	8.70

Shenzhen iN Cube Automation Co ROCE % Calculation

Shenzhen iN Cube Automation 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 )
	=	79.237	/	( ( (1223.5 - 94.119)	+	(1279.451 - 113.857) )	/ 2 )
	=	79.237	/	( (1129.381	+	1165.594)	/ 2 )
	=	79.237	/	1147.4875
	=	6.91 %

Shenzhen iN Cube Automation 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 )
	=	101.444	/	( ( (1347.238 - 193.007)	+	(1418.595 - 239.597) )	/ 2 )
	=	101.444	/	( ( 1154.231	+	1178.998 )	/ 2 )
	=	101.444	/	1166.6145
	=	8.70 %

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

Shenzhen iN Cube Automation Co (SZSE:301312) 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 iN Cube Automation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen iN Cube Automation Co Ltd (SZSE:301312) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Shiyan Street, 1st to 3rd Floor, Building A, Building A, Tangtou Community, Baoan District, Guangdong Province, Shenzhen, CHN, 518108

Website

https://www.incubecn.com

Shenzhen iN Cube Automation Co Ltd is engaged in the research and development, production, sales and related technical services of industrial automation equipment.

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