Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) ROCE % : 8.35% (As of Mar. 2024)

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What is Shanghai National Center of Testing & Inspection for Electric Cable & Wire 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. Shanghai National Center of Testing & Inspection for Electric Cable & Wire's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.35%.

Shanghai National Center of Testing & Inspection for Electric Cable & Wire ROCE % Historical Data

The historical data trend for Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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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Shanghai National Center of Testing & Inspection for Electric Cable & Wire ROCE % Chart

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.51

21.08

21.24

11.36

8.73

Shanghai National Center of Testing & Inspection for Electric Cable & Wire Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												7.40	12.53	5.83	9.34	8.35

Shanghai National Center of Testing & Inspection for Electric Cable & Wire ROCE % Calculation

Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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 )
	=	96.658	/	( ( (1168.71 - 83.641)	+	(1223.804 - 95.109) )	/ 2 )
	=	96.658	/	( (1085.069	+	1128.695)	/ 2 )
	=	96.658	/	1106.882
	=	8.73 %

Shanghai National Center of Testing & Inspection for Electric Cable & Wire'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 )
	=	94.776	/	( ( (1223.804 - 95.109)	+	(1244.802 - 104.113) )	/ 2 )
	=	94.776	/	( ( 1128.695	+	1140.689 )	/ 2 )
	=	94.776	/	1134.692
	=	8.35 %

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

Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) 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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Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shanghai National Center of Testing & Inspection for Electric Cable & Wire (SZSE:301289) » Definitions » ROCE %

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Address

No. 888 Zhenchen Road, Baoshan District, Shanghai, CHN, 200444

Website

http://www.ticw.com.cn

Shanghai National Center of Testing & Inspection for Electric Cable & Wire is involved in the testing and inspection services for wire, cable and fiber optic cables. The main business scope includes testing, calibration, inspection, proficiency testing, 3C certification and production license testing, engineering application technical services, standardization services and others.

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