Shanghai Optech Science and Technology Co (BJSE:836414) ROCE % : 3.17% (As of Mar. 2024)

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What is Shanghai Optech Science and 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. Shanghai Optech Science and Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.17%.

Shanghai Optech Science and Technology Co ROCE % Historical Data

The historical data trend for Shanghai Optech Science and 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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Shanghai Optech Science and Technology Co ROCE % Chart

Shanghai Optech Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.46

51.01

39.72

15.02

12.86

Shanghai Optech Science and Technology Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.27	19.69	15.56	6.35	3.17

Shanghai Optech Science and Technology Co ROCE % Calculation

Shanghai Optech Science and 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 )
	=	39.34	/	( ( (365.248 - 69.134)	+	(378.308 - 62.602) )	/ 2 )
	=	39.34	/	( (296.114	+	315.706)	/ 2 )
	=	39.34	/	305.91
	=	12.86 %

Shanghai Optech Science and Technology 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 )
	=	9.996	/	( ( (378.308 - 62.602)	+	(375.026 - 59.919) )	/ 2 )
	=	9.996	/	( ( 315.706	+	315.107 )	/ 2 )
	=	9.996	/	315.4065
	=	3.17 %

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

Shanghai Optech Science and Technology Co (BJSE:836414) 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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Shanghai Optech Science and Technology Co (BJSE:836414) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Optech Science and Technology Co Ltd (BJSE:836414) » Definitions » ROCE %

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Address

Lane 879, Zhongjiang Road, Room 402, Building 12, Putuo District, Shanghai, CHN, 200333

Website

http://www.optjt.cn

Shanghai Optech Science and Technology Co Ltd focused on the technology and product development of automatic detection equipment and automatic production equipment in the photovoltaic industry. It engages in designing photovoltaic detection solutions and the development, production, and sales of supporting equipment and software. It offers Component EL/appearance -AI automatic sorting system, String inspection EL/appearance AI automatic sorting system, Automatic battery sorting system, Final inspection appearance-AI automatic sorting system, Component repair query system, String inspection repair query system, Dual station battery string repair system, Photovoltaic power station UAV automatic operation and maintenance system.

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