Ugreen Group (SZSE:301606) ROCE % : 20.67% (As of Sep. 2024)

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What is Ugreen Group 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. Ugreen Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 20.67%.

Ugreen Group ROCE % Historical Data

The historical data trend for Ugreen Group'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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Ugreen Group ROCE % Chart

Ugreen Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

71.16

80.80

41.00

24.30

23.12

Ugreen Group Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial									17.58	33.40	23.57	23.46	20.67

Ugreen Group ROCE % Calculation

Ugreen Group'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 )
	=	452.499	/	( ( (2033.924 - 0)	+	(2453.159 - 572.281) )	/ 2 )
	=	452.499	/	( (2033.924	+	1880.878)	/ 2 )
	=	452.499	/	1957.401
	=	23.12 %

Ugreen Group'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 )
	=	514.852	/	( ( (2684.625 - 579.445)	+	(3595.263 - 719.295) )	/ 2 )
	=	514.852	/	( ( 2105.18	+	2875.968 )	/ 2 )
	=	514.852	/	2490.574
	=	20.67 %

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

Ugreen Group (SZSE:301606) 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.

Ugreen Group ROCE % Related Terms

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Ugreen Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ugreen Group Ltd (SZSE:301606) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Dalang Street, Gaofeng Community, Floor 1-6, Office Building No. 7, Floor 4, Building 6, Longcheng Industry and Trade Yu'an Factory, Longhua, Guangdong, Shenzhen, CHN, 518109

Website

http://www.lulian.cn

Ugreen Group Ltd is engaged in Research & Development, designing, producing and selling 3C consumer electronic products. Its products include UGREEN USB4 Thunderbolt Expansion Dock, MagSafe 3-in-1 Wireless Charger, HiTune T3 Noise Cancelling Bluetooth Headphones, HDMI Live Video Capture Card, Greenlink Star Mobile Energy Storage Power Supply GS1200, Private Cloud Storage DX4600, New national standard lightning and electricity protection socket, Portable Wireless Bluetooth Mouse, and others.

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