Sun-Create Electronics Co (SHSE:600990) ROCE % : 0.72% (As of Mar. 2024)

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What is Sun-Create Electronics 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. Sun-Create Electronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.72%.

Sun-Create Electronics Co ROCE % Historical Data

The historical data trend for Sun-Create Electronics 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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Sun-Create Electronics Co ROCE % Chart

Sun-Create Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.40

7.76

8.31

4.23

-13.33

Sun-Create Electronics Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-6.68	6.43	-3.68	-50.60	0.72

Sun-Create Electronics Co ROCE % Calculation

Sun-Create Electronics 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 )
	=	-442.537	/	( ( (7448.775 - 3794.638)	+	(6582.758 - 3596.375) )	/ 2 )
	=	-442.537	/	( (3654.137	+	2986.383)	/ 2 )
	=	-442.537	/	3320.26
	=	-13.33 %

Sun-Create Electronics 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 )
	=	21.356	/	( ( (6582.758 - 3596.375)	+	(6210.516 - 3228.016) )	/ 2 )
	=	21.356	/	( ( 2986.383	+	2982.5 )	/ 2 )
	=	21.356	/	2984.4415
	=	0.72 %

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

Sun-Create Electronics Co (SHSE:600990) 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.

Sun-Create Electronics Co ROCE % Related Terms

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Sun-Create Electronics Co (SHSE:600990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sun-Create Electronics Co Ltd (SHSE:600990) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 3366, Xiyou Road, High-tech Industrial Development Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.sun-create.com

Sun-Create Electronics Co Ltd is engaged in military-civilian integration radar industry, smart industry, energy industry. The company designs, produces, installs and sells satellite TV broadcast ground receiving equipment; service of complete radar and its supporting products, integrated circuits, radio and television and microwave communication products, electronic system engineering and its products ; Cable TV engineering design and installation.

Executives

Yu Xiao Qiang	senior management
Han Yao Qing	senior management
Wang Xiang Xin	senior management
Ren Xiao Wei	Directors, senior managers
Wang Jian	senior management
Chen Xiao Hui	senior management
Pan Jie	senior management
Zhou Shi Xing	senior management
Lin Liang	senior management
Wang Jing Yu	senior management

Sun-Create Electronics Co (SHSE:600990) Headlines

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