Xiamen Sunrise Group Co (SZSE:002593) ROCE % : 5.29% (As of Mar. 2024)

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What is Xiamen Sunrise Group 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. Xiamen Sunrise Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.29%.

Xiamen Sunrise Group Co ROCE % Historical Data

The historical data trend for Xiamen Sunrise Group 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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Xiamen Sunrise Group Co ROCE % Chart

Xiamen Sunrise Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.17

6.96

6.68

3.18

4.18

Xiamen Sunrise Group 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															4.42	7.59	3.02	1.78	5.29

Xiamen Sunrise Group Co ROCE % Calculation

Xiamen Sunrise Group 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 )
	=	108.77	/	( ( (5021.55 - 2475.613)	+	(5048.18 - 2392.316) )	/ 2 )
	=	108.77	/	( (2545.937	+	2655.864)	/ 2 )
	=	108.77	/	2600.9005
	=	4.18 %

Xiamen Sunrise Group 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 )
	=	140.488	/	( ( (5048.18 - 2392.316)	+	(5019.855 - 2367.598) )	/ 2 )
	=	140.488	/	( ( 2655.864	+	2652.257 )	/ 2 )
	=	140.488	/	2654.0605
	=	5.29 %

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

Xiamen Sunrise Group Co (SZSE:002593) 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.

Xiamen Sunrise Group Co ROCE % Related Terms

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Xiamen Sunrise Group Co (SZSE:002593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xiamen Sunrise Group Co Ltd (SZSE:002593) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 30, Xinglin Xingbei Road, Fujian Province, Jimei District, Xiamen, CHN, 361022

Website

http://www.sunrise-ncc.com

Xiamen Sunrise Group Co Ltd is engaged in the research, development, production, and sales of metal products and automotive products. The products of the company include tubeless steel wheels, steel drums, and forged aluminium wheels.

Executives

Wu Xiao Hong	Directors, executives
Wu Zi Wen	Directors, executives
Chen Ming Li	Supervisors
Lan Ri Jin	Supervisors
Wu Zhi Liang	Directors, executives
Zheng Yu Qing	Executives
He Ai Ping	Executives
Huang Xue Cheng	Directors, executives
Zhong Bai An	Directors, executives
Zhang Wen Qing	Supervisors
Wang Yong Dong	Director

Xiamen Sunrise Group Co (SZSE:002593) Headlines

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