Singatron Electronic (China) Co (SZSE:301329) ROCE % : 5.38% (As of Mar. 2024)

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What is Singatron Electronic (China) 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. Singatron Electronic (China) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.38%.

Singatron Electronic (China) Co ROCE % Historical Data

The historical data trend for Singatron Electronic (China) 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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Singatron Electronic (China) Co ROCE % Chart

Singatron Electronic (China) Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.89

25.07

21.50

17.64

7.41

Singatron Electronic (China) Co Quarterly Data
	Dec12	Dec13	Jun14	Dec14	Jun15	Dec18	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.30	13.90	6.84	4.80	5.38

Singatron Electronic (China) Co ROCE % Calculation

Singatron Electronic (China) 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 )
	=	82.439	/	( ( (890.514 - 227.358)	+	(1775.107 - 213.638) )	/ 2 )
	=	82.439	/	( (663.156	+	1561.469)	/ 2 )
	=	82.439	/	1112.3125
	=	7.41 %

Singatron Electronic (China) 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 )
	=	84.516	/	( ( (1775.107 - 213.638)	+	(1784.876 - 206.19) )	/ 2 )
	=	84.516	/	( ( 1561.469	+	1578.686 )	/ 2 )
	=	84.516	/	1570.0775
	=	5.38 %

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

Singatron Electronic (China) Co (SZSE:301329) 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.

Singatron Electronic (China) Co ROCE % Related Terms

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Singatron Electronic (China) Co (SZSE:301329) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Singatron Electronic (China) Co Ltd (SZSE:301329) » Definitions » ROCE %

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Address

Xukou Town, Wuzhong District, Jiangsu Province, Suzhou, CHN, 215164

Website

https://www.singatron.com.tw

Singatron Electronic (China) Co Ltd is engaged in the research and development, production and sales of connectors.

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