Scientific Energy (Scientific Energy) ROCE % : 0.93% (As of Dec. 2023)

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What is Scientific Energy 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. Scientific Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.93%.

Scientific Energy ROCE % Historical Data

The historical data trend for Scientific Energy'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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Scientific Energy ROCE % Chart

Scientific Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.79

-5.53

2.78

Scientific Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-4.30	3.90	1.88	4.33	0.93

Scientific Energy ROCE % Calculation

Scientific Energy'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 )
	=	1.894	/	( ( (81.183 - 13.367)	+	(81.949 - 13.276) )	/ 2 )
	=	1.894	/	( (67.816	+	68.673)	/ 2 )
	=	1.894	/	68.2445
	=	2.78 %

Scientific Energy's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	0.644	/	( ( (79.625 - 10.298)	+	(81.949 - 13.276) )	/ 2 )
	=	0.644	/	( ( 69.327	+	68.673 )	/ 2 )
	=	0.644	/	69
	=	0.93 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Scientific Energy (OTCPK:SCGY) 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.

Scientific Energy ROCE % Related Terms

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Scientific Energy (Scientific Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Scientific Energy Inc (OTCPK:SCGY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

105 Xian Xinghai Great Road, Room K, 9F, Golden Dragon Centre, Macau, CHN

Website

http://www.makeliving.com

Scientific Energy Inc involves in the e-commerce industry. It is a firm principally engaged in developing a website (Makeliving) for providing an e-commerce platform provisioning exchange of goods and services along with its subsidiary. Makeliving is intended to act both as a platform and as a conduit between individuals or companies who desire to acquire goods and services to individuals or companies who desire to offer goods and services.

Executives

Haitao Jiang	10 percent owner	RUA DE MADRID, NO.21, WAN YU VILLAS, 9J, MACAU N5 999078
Aspect Group Ltd	10 percent owner	HY DIAMOND EXCHANGE BLDG, SUITE A, 7TH FLOOR, HONG KONG XX CHINA
Liang Huang	10 percent owner	NO. 43 KUIHUALI, APT. 502, ZHUHUI DISTRICT, HENGYANG, HUNAN PROVINCE F4 421002
Chan Stanley P.c.	10 percent owner	C/O 475 EAST 70TH STREET, #7C, NEW YORK NY 10021
Dale C Gledhill	director	630 NORTH 400 WEST, SALT LAKE CITY UT 84103
Todd B Crosland	director, 10 percent owner, officer: President	630 NORTH 400 WEST, SALT LAKE CITY UT 84103
Mark Clawson	director	630 N. 400 WEST, SALT LAKE CITY UT 84103
Jana K Meyer	director, officer: Secretary	630 N. 400 WEST, SALT LAKE CITY UT 84103

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