Sinosteel Engineering & Technology Co (SZSE:000928) ROCE % : 14.34% (As of Mar. 2024)

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What is Sinosteel Engineering & 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. Sinosteel Engineering & Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.34%.

Sinosteel Engineering & Technology Co ROCE % Historical Data

The historical data trend for Sinosteel Engineering & 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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Sinosteel Engineering & Technology Co ROCE % Chart

Sinosteel Engineering & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.24

14.67

14.21

11.73

13.42

Sinosteel Engineering & Technology 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															14.89	10.03	13.27	16.21	14.34

Sinosteel Engineering & Technology Co ROCE % Calculation

Sinosteel Engineering & 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 )
	=	1146.645	/	( ( (26674.274 - 18139.715)	+	(29998.22 - 21442.28) )	/ 2 )
	=	1146.645	/	( (8534.559	+	8555.94)	/ 2 )
	=	1146.645	/	8545.2495
	=	13.42 %

Sinosteel Engineering & 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 )
	=	1244.892	/	( ( (29998.22 - 21442.28)	+	(27879.432 - 19076.1) )	/ 2 )
	=	1244.892	/	( ( 8555.94	+	8803.332 )	/ 2 )
	=	1244.892	/	8679.636
	=	14.34 %

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

Sinosteel Engineering & Technology Co (SZSE:000928) 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.

Sinosteel Engineering & Technology Co ROCE % Related Terms

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Sinosteel Engineering & Technology Co (SZSE:000928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sinosteel Engineering & Technology Co Ltd (SZSE:000928) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 8 Haidian Street, Beijing, CHN, 100080

Website

http://www.mecc.sinosteel.com

Sinosteel Engineering & Technology Co Ltd is a China-based company engaged in focusing on industrial engineering and service, municipal engineering and investment, energy saving and environment protection, as well as high-tech businesses.

Executives

Tang Fa Qi	Executives
Zhou Jian Hong	Executives
Ji Ai Dong	Independent director
Tian Hui	Independent director
Zhang Jian Hua	Executives
Xin Fang	Securities Affairs Representative
Du Jie	Director

Sinosteel Engineering & Technology Co (SZSE:000928) Headlines

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