Suzhou Electrical Apparatus Science Academy Co (SZSE:300215) ROCE % : 0.71% (As of Mar. 2024)

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What is Suzhou Electrical Apparatus Science Academy 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. Suzhou Electrical Apparatus Science Academy Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.71%.

Suzhou Electrical Apparatus Science Academy Co ROCE % Historical Data

The historical data trend for Suzhou Electrical Apparatus Science Academy 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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Suzhou Electrical Apparatus Science Academy Co ROCE % Chart

Suzhou Electrical Apparatus Science Academy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.23

6.08

10.61

3.43

1.65

Suzhou Electrical Apparatus Science Academy 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															-1.08	1.97	1.00	4.77	0.71

Suzhou Electrical Apparatus Science Academy Co ROCE % Calculation

Suzhou Electrical Apparatus Science Academy 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 )
	=	38.658	/	( ( (3387.661 - 1034.529)	+	(2869.647 - 524.595) )	/ 2 )
	=	38.658	/	( (2353.132	+	2345.052)	/ 2 )
	=	38.658	/	2349.092
	=	1.65 %

Suzhou Electrical Apparatus Science Academy 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 )
	=	16.708	/	( ( (2869.647 - 524.595)	+	(2789.655 - 404.299) )	/ 2 )
	=	16.708	/	( ( 2345.052	+	2385.356 )	/ 2 )
	=	16.708	/	2365.204
	=	0.71 %

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

Suzhou Electrical Apparatus Science Academy Co (SZSE:300215) 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.

Suzhou Electrical Apparatus Science Academy Co ROCE % Related Terms

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Suzhou Electrical Apparatus Science Academy Co (SZSE:300215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Suzhou Electrical Apparatus Science Academy Co Ltd (SZSE:300215) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Yonghe Street, Binhe Road,New Zone, Suzhou, CHN, 215011

Website

http://www.dqjc.com

Suzhou Electrical Apparatus Science Academy Co Ltd is mainly engaged in testing, researching, training of manpower, getting standard information and developing checkout equipment about power generation assembly, electric transmission and transformation equipment, high voltage electrical apparatus, high voltage switchgear assemblies, low voltage electrical apparatus, low voltage switchgear assemblies, machine tool electric appliance, marine electrical apparatus, nuclear power electrical apparatus, automobile electrical and electronic, wind power generation equipment, solar power photovoltaic system, energy saving products, RoHS, EMC, anti-seismic and so on.

Executives

Jiang Wen Bo	Director
Hu De Lin	Directors, executives
Li Wei Ping	Supervisors
Chen Wei	Director

Suzhou Electrical Apparatus Science Academy Co (SZSE:300215) Headlines

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