Shenyu Communication Technology (SZSE:300563) ROCE % : 2.14% (As of Mar. 2024)

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What is Shenyu Communication Technology 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. Shenyu Communication Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.14%.

Shenyu Communication Technology ROCE % Historical Data

The historical data trend for Shenyu Communication Technology'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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Shenyu Communication Technology ROCE % Chart

Shenyu Communication Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.09

9.68

8.46

4.90

5.40

Shenyu Communication Technology 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															2.30	6.82	8.36	4.68	2.14

Shenyu Communication Technology ROCE % Calculation

Shenyu Communication Technology'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 )
	=	56.101	/	( ( (1327.333 - 333.98)	+	(1284.252 - 200.983) )	/ 2 )
	=	56.101	/	( (993.353	+	1083.269)	/ 2 )
	=	56.101	/	1038.311
	=	5.40 %

Shenyu Communication Technology'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 )
	=	23.056	/	( ( (1284.252 - 200.983)	+	(1292.499 - 223.26) )	/ 2 )
	=	23.056	/	( ( 1083.269	+	1069.239 )	/ 2 )
	=	23.056	/	1076.254
	=	2.14 %

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

Shenyu Communication Technology (SZSE:300563) 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.

Shenyu Communication Technology ROCE % Related Terms

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Shenyu Communication Technology (SZSE:300563) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenyu Communication Technology Inc (SZSE:300563) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

275 East Beltway, Jiangsu Province, Jiangyin, CHN, 214432

Website

http://www.shenyucable.com

Shenyu Communication Technology Inc is engaged in the research and development, production and sales of RF coaxial cables in China. Its products portfolio includes RF series of fine RF coaxial cable, RG series military standard RF coaxial cable, MCC series of very fine RF coaxial cable, AF high temperature installation line, semi-flexible semi-rigid RF coaxial Cables, microwave stabilized phase RF coaxial cables, high-speed data lines, various high-frequency low-loss steady-phase cable assemblies and low-loss soft microwave feeders.

Executives

Ren Feng Juan	Director
Zhou Zhi Hua	Supervisors

Shenyu Communication Technology (SZSE:300563) Headlines

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