Shenzhen Etmade Automatic Equipment Co (SZSE:300812) ROCE % : -9.65% (As of Mar. 2024)

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What is Shenzhen Etmade Automatic Equipment 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. Shenzhen Etmade Automatic Equipment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -9.65%.

Shenzhen Etmade Automatic Equipment Co ROCE % Historical Data

The historical data trend for Shenzhen Etmade Automatic Equipment 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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Shenzhen Etmade Automatic Equipment Co ROCE % Chart

Shenzhen Etmade Automatic Equipment Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.25

8.76

9.25

4.33

0.29

Shenzhen Etmade Automatic Equipment 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															-3.15	9.18	0.99	-5.82	-9.65

Shenzhen Etmade Automatic Equipment Co ROCE % Calculation

Shenzhen Etmade Automatic Equipment 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 )
	=	2.587	/	( ( (1579.719 - 694.633)	+	(1399.414 - 496.181) )	/ 2 )
	=	2.587	/	( (885.086	+	903.233)	/ 2 )
	=	2.587	/	894.1595
	=	0.29 %

Shenzhen Etmade Automatic Equipment 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 )
	=	-86.432	/	( ( (1399.414 - 496.181)	+	(1476.988 - 589.268) )	/ 2 )
	=	-86.432	/	( ( 903.233	+	887.72 )	/ 2 )
	=	-86.432	/	895.4765
	=	-9.65 %

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

Shenzhen Etmade Automatic Equipment Co (SZSE:300812) 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.

Shenzhen Etmade Automatic Equipment Co ROCE % Related Terms

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Shenzhen Etmade Automatic Equipment Co (SZSE:300812) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Etmade Automatic Equipment Co Ltd (SZSE:300812) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shajing Street, The first building of West Industrial Park, Dawangshan Community, Baoan District, Guangdong, Shenzhen, CHN

Website

http://etmade.com

Shenzhen Etmade Automatic Equipment Co Ltd is a manufacturer of specialized domestic electronics special robotic equipments. The company sells bonding machines, chip mounters, and electronic peripherals; LCD equipment, testing equipment, and automation equipment.

Executives

Wan Xiao Feng	Directors, executives
Kang Hong Gang	Directors, executives
Xu Lai	Supervisors
Chen Fei	Directors, Directors, and Executives

Shenzhen Etmade Automatic Equipment Co (SZSE:300812) Headlines

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