Shenzhen Intelligent Precision Instrument Co (SZSE:301512) ROCE % : -0.65% (As of Sep. 2024)

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What is Shenzhen Intelligent Precision Instrument 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 Intelligent Precision Instrument Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.65%.

Shenzhen Intelligent Precision Instrument Co ROCE % Historical Data

The historical data trend for Shenzhen Intelligent Precision Instrument 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 Intelligent Precision Instrument Co ROCE % Chart

Shenzhen Intelligent Precision Instrument Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.46

35.58

30.40

20.77

10.64

Shenzhen Intelligent Precision Instrument Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											23.17	19.94	-5.54	-12.54	-0.65

Shenzhen Intelligent Precision Instrument Co ROCE % Calculation

Shenzhen Intelligent Precision Instrument 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 )
	=	84.213	/	( ( (746.877 - 228.603)	+	(1375.293 - 309.885) )	/ 2 )
	=	84.213	/	( (518.274	+	1065.408)	/ 2 )
	=	84.213	/	791.841
	=	10.64 %

Shenzhen Intelligent Precision Instrument 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 )
	=	-6.464	/	( ( (1259.91 - 264.879)	+	(1239.869 - 244.657) )	/ 2 )
	=	-6.464	/	( ( 995.031	+	995.212 )	/ 2 )
	=	-6.464	/	995.1215
	=	-0.65 %

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

Shenzhen Intelligent Precision Instrument Co (SZSE:301512) 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 Intelligent Precision Instrument Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Intelligent Precision Instrument Co Ltd (SZSE:301512) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Lirong Road, Dalang Street, Floor 1, No. 2, Changyi Industrial Factory, Xinshi Community, Longhua, Guangdong, Shenzhen, CHN, 518109

Website

https://www.ipi-tech.com

Shenzhen Intelligent Precision Instrument Co Ltd is engaged in automation equipment, automation R & D, design, production, sales and related technical services of wire body and fixture products , and provide software and hardware integrated system solutions for customers to realize intelligent production.

Executives

Zhang Guo Jun

Director

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