Cubic Sensor and Instrument Co (SHSE:688665) ROCE % : 9.05% (As of Mar. 2024)

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What is Cubic Sensor and Instrument 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. Cubic Sensor and Instrument Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.05%.

Cubic Sensor and Instrument Co ROCE % Historical Data

The historical data trend for Cubic Sensor and Instrument 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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Cubic Sensor and Instrument Co ROCE % Chart

Cubic Sensor and Instrument Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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52.15

49.49

38.67

18.49

15.60

Cubic Sensor and Instrument Co Quarterly Data
	Mar19	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															18.73	16.22	14.02	13.70	9.05

Cubic Sensor and Instrument Co ROCE % Calculation

Cubic Sensor and Instrument 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 )
	=	149.132	/	( ( (1131.957 - 206.468)	+	(1242.818 - 256.64) )	/ 2 )
	=	149.132	/	( (925.489	+	986.178)	/ 2 )
	=	149.132	/	955.8335
	=	15.60 %

Cubic Sensor and Instrument 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 )
	=	90.352	/	( ( (1242.818 - 256.64)	+	(1246.879 - 235.958) )	/ 2 )
	=	90.352	/	( ( 986.178	+	1010.921 )	/ 2 )
	=	90.352	/	998.5495
	=	9.05 %

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

Cubic Sensor and Instrument Co (SHSE:688665) 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.

Cubic Sensor and Instrument Co ROCE % Related Terms

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Cubic Sensor and Instrument Co (SHSE:688665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cubic Sensor and Instrument Co Ltd (SHSE:688665) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Fenghuangyuan 3rd Road, Phoenix Industrial Park, Donghu New Technology Development Zone, Hubei Province, Wuhan, CHN, 430205

Website

http://www.gassensor.com.cn

Cubic Sensor and Instrument Co Ltd is engaged in the research and development, production and sales of gas sensors and gas analysis instruments.

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