New Universal Science And Technology Co (SZSE:300472) ROCE % : -9.16% (As of Mar. 2024)

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What is New Universal Science And 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. New Universal Science And Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -9.16%.

New Universal Science And Technology Co ROCE % Historical Data

The historical data trend for New Universal Science And 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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New Universal Science And Technology Co ROCE % Chart

New Universal Science And Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.49

-38.86

-32.64

-9.76

-20.04

New Universal Science And 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															-6.59	-22.49	-9.14	-40.76	-9.16

New Universal Science And Technology Co ROCE % Calculation

New Universal Science And 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 )
	=	-185.458	/	( ( (1746.403 - 682.615)	+	(1623.85 - 836.52) )	/ 2 )
	=	-185.458	/	( (1063.788	+	787.33)	/ 2 )
	=	-185.458	/	925.559
	=	-20.04 %

New Universal Science And 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 )
	=	-71.404	/	( ( (1623.85 - 836.52)	+	(1535.123 - 763.059) )	/ 2 )
	=	-71.404	/	( ( 787.33	+	772.064 )	/ 2 )
	=	-71.404	/	779.697
	=	-9.16 %

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

New Universal Science And Technology Co (SZSE:300472) 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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New Universal Science And Technology Co (SZSE:300472) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » New Universal Science And Technology Co Ltd (SZSE:300472) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

58 Fucheng Road, 4th Floor, Xinzhou Business Building, Room 409, Haidian District, Beijing, CHN, 100142

Website

http://www.newu.com.cn

New Universal Science And Technology Co Ltd, formerly Jiangxi New Universal Science And Technology Co Ltd manufacture automation equipment. It focuses on providing industrial intelligent transportation and ingredient solutions and integrates program design, technology research and development, equipment manufacturing, and system collection. Its main products include the auxiliary machine system, small material weighing system, pneumatic conveying system, environmental protection system, and the electroplating system.

Executives

Zhu Ye Sheng	Directors, executives
Liu Yi	Director
Zhang Hui	Executives
Zhang Yu Sheng	Supervisors
Zhang Liang	Executives
Wang Zhan	Director
Jiang Cheng Fa	Directors, executives
Ceng Wei Bin	Directors, executives
Pan Bang Nan	Directors, executives

New Universal Science And Technology Co (SZSE:300472) Headlines

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