Wuxi Sunlit Science and Technology Co (HKSE:01289) ROCE % : 12.71% (As of Dec. 2023)

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What is Wuxi Sunlit 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. Wuxi Sunlit Science and Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.71%.

Wuxi Sunlit Science and Technology Co ROCE % Historical Data

The historical data trend for Wuxi Sunlit 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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Wuxi Sunlit Science and Technology Co ROCE % Chart

Wuxi Sunlit Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.40

0.53

1.01

2.46

6.34

Wuxi Sunlit Science and Technology Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															0.20	1.31	3.72	0.12	12.71

Wuxi Sunlit Science and Technology Co ROCE % Calculation

Wuxi Sunlit 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 )
	=	46.516	/	( ( (1056.113 - 325.095)	+	(1125.635 - 388.733) )	/ 2 )
	=	46.516	/	( (731.018	+	736.902)	/ 2 )
	=	46.516	/	733.96
	=	6.34 %

Wuxi Sunlit Science and Technology Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	92.174	/	( ( (1078.266 - 364.79)	+	(1125.635 - 388.733) )	/ 2 )
	=	92.174	/	( ( 713.476	+	736.902 )	/ 2 )
	=	92.174	/	725.189
	=	12.71 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Wuxi Sunlit Science and Technology Co (HKSE:01289) 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.

Wuxi Sunlit Science and Technology Co ROCE % Related Terms

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Wuxi Sunlit Science and Technology Co (HKSE:01289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Sunlit Science and Technology Co Ltd (HKSE:01289) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1 Yanxin Road East, Huishan Economic Development Zone, Jiangsu Province, Wuxi, CHN, 214174

Website

https://www.wxsunlit.com

Wuxi Sunlit Science and Technology Co Ltd is a China-based company. It is engaged in the research and development, design, manufacture, equipment supply, installation, testing, repair, and maintenance of production lines for manufacturing steel wire products in the People's Republic of China. The company's product portfolio includes brass electroplated wire production lines, standalone machines, double-twist stranding machines, wet drawing machines, mold repairing equipment, parts, and accessories. Geographically, the company operates in Mainland China and other countries, of which the majority of the revenue is earned in Mainland China.

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