Xiamen Sinic-Tek Intelligent Technology Co (SZSE:301568) ROCE % : 9.13% (As of Sep. 2024)

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What is Xiamen Sinic-Tek Intelligent Technology 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. Xiamen Sinic-Tek Intelligent Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.13%.

Xiamen Sinic-Tek Intelligent Technology Co ROCE % Historical Data

The historical data trend for Xiamen Sinic-Tek Intelligent Technology 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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Xiamen Sinic-Tek Intelligent Technology Co ROCE % Chart

Xiamen Sinic-Tek Intelligent Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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55.27

45.51

49.44

38.27

16.51

Xiamen Sinic-Tek Intelligent Technology Co Quarterly Data
	Jun17	Dec17	Mar18	Jun18	Dec18	Jun19	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															27.08	9.96	6.80	8.06	9.13

Xiamen Sinic-Tek Intelligent Technology Co ROCE % Calculation

Xiamen Sinic-Tek Intelligent Technology 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 )
	=	114.129	/	( ( (512.297 - 134.23)	+	(1093.151 - 88.87) )	/ 2 )
	=	114.129	/	( (378.067	+	1004.281)	/ 2 )
	=	114.129	/	691.174
	=	16.51 %

Xiamen Sinic-Tek Intelligent Technology 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 )
	=	89.256	/	( ( (1066.809 - 99.412)	+	(1110.029 - 123.186) )	/ 2 )
	=	89.256	/	( ( 967.397	+	986.843 )	/ 2 )
	=	89.256	/	977.12
	=	9.13 %

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

Xiamen Sinic-Tek Intelligent Technology Co (SZSE:301568) 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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Xiamen Sinic-Tek Intelligent Technology Co Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xiamen Sinic-Tek Intelligent Technology Co Ltd (SZSE:301568) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Toudong 1st Road, No. 273, Tongxiang High-tech City, Torch High-tech Zone, Fujian Province, Xiamen, CHN, 361101

Website

https://www.sinictek.com

Xiamen Sinic-Tek Intelligent Technology Co Ltd is engaged in research and development, production, sales and value-added services of machine vision inspection equipment. Its products include 3D Solder Paste Inspection (3D SPI), 3D Automatic Optic Inspection (3D AOI) and online X-Ray inspection equipment (Automated X-ray Inspection (AXI for short).

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