Sensteed Hi-tech Group (SZSE:000981) ROCE % : 33.88% (As of Mar. 2024)

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What is Sensteed Hi-tech Group 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. Sensteed Hi-tech Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 33.88%.

Sensteed Hi-tech Group ROCE % Historical Data

The historical data trend for Sensteed Hi-tech Group'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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Sensteed Hi-tech Group ROCE % Chart

Sensteed Hi-tech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-47.67

-4.51

-33.93

-13.21

-21.92

Sensteed Hi-tech Group 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															-7.83	-24.01	-21.03	-31.43	33.88

Sensteed Hi-tech Group ROCE % Calculation

Sensteed Hi-tech Group'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 )
	=	-1499.296	/	( ( (17885.695 - 9690.046)	+	(14455.15 - 8971.959) )	/ 2 )
	=	-1499.296	/	( (8195.649	+	5483.191)	/ 2 )
	=	-1499.296	/	6839.42
	=	-21.92 %

Sensteed Hi-tech Group'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 )
	=	1980.784	/	( ( (14455.15 - 8971.959)	+	(15009.464 - 8801.269) )	/ 2 )
	=	1980.784	/	( ( 5483.191	+	6208.195 )	/ 2 )
	=	1980.784	/	5845.693
	=	33.88 %

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

Sensteed Hi-tech Group (SZSE:000981) 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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Sensteed Hi-tech Group (SZSE:000981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sensteed Hi-tech Group (SZSE:000981) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1800, Zhongshan East Road, 42nd Floor, Guohua Financial Center, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315100

Website

https://www.sensteed.com

Sensteed Hi-tech Group is engaged in the New energy business. It's actively deploying new energy vehicles & semiconductors Dual industry chains to create a high-end manufacturing ecosystem that is interconnected and interactive with multiple industries such as new energy vehicle manufacturing, semiconductor packaging materials, high-end automotive parts, and travel services.

Executives

Xiong Xu Qiang	Director
Wu Xi Liang	Director
Liang Yong Bo	Supervisors
Xu Hai Jiang	Supervisors
Jin Zhao Xiu	Director
Hou Xin Cai	Executives

Sensteed Hi-tech Group (SZSE:000981) Headlines

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