Sunrise Group Co (SZSE:002752) ROCE % : 16.89% (As of Mar. 2024)

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What is 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. Sunrise Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.89%.

Sunrise Group Co ROCE % Historical Data

The historical data trend for 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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Sunrise Group Co ROCE % Chart

Sunrise Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.28

3.11

9.25

8.86

12.42

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															8.73	14.17	16.45	9.82	16.89

Sunrise Group Co ROCE % Calculation

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 )
	=	473.996	/	( ( (8126.692 - 4174.615)	+	(8591.671 - 4909.654) )	/ 2 )
	=	473.996	/	( (3952.077	+	3682.017)	/ 2 )
	=	473.996	/	3817.047
	=	12.42 %

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 )
	=	633.576	/	( ( (8591.671 - 4909.654)	+	(7430.989 - 3612.076) )	/ 2 )
	=	633.576	/	( ( 3682.017	+	3818.913 )	/ 2 )
	=	633.576	/	3750.465
	=	16.89 %

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

Sunrise Group Co (SZSE:002752) 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.

Sunrise Group Co ROCE % Related Terms

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Sunrise Group Co (SZSE:002752) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Sunrise Group Co Ltd (SZSE:002752) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jingyi Road, Economic and Technological Development Zone, Fujian Province, Fuzhou, CHN, 350015

Website

http://www.shengxingholdings.com

Sunrise Group Co Ltd is engaged in the food industry focusing on the research, development, production, and sales of metal cans packaging products such as food, beverages, and beer. Its products include three-piece can, two-piece can, bottle, easy pull cover. It also provides color printing, filling services.

Executives

Liu Jia Yi	Directors, Directors, and Executives
Hua Hui	Executives
Zhang You Qiang	Supervisors
Li Dun Bo	Directors, Directors, and Executives
Wu Wu Liang	Executives
Lin Jian Gao	Supervisors
Tong Xiao Dong	Executives
Guan Lan Xiang	Supervisors

Sunrise Group Co (SZSE:002752) Headlines

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