Shanghai Turbo Enterprises (SGX:AWM) ROCE % : -19.33% (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Shanghai Turbo Enterprises 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 Turbo Enterprises's annualized ROCE % for the quarter that ended in Mar. 2024 was -19.33%.

Shanghai Turbo Enterprises ROCE % Historical Data

The historical data trend for Shanghai Turbo Enterprises'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.

* Premium members only.

Shanghai Turbo Enterprises ROCE % Chart

Shanghai Turbo Enterprises Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

Get a 7-Day Free Trial

-5.84

-42.75

-47.78

5.06

-27.94

Shanghai Turbo Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															29.22	-25.90	-14.50	0.27	-19.33

Shanghai Turbo Enterprises ROCE % Calculation

Shanghai Turbo Enterprises's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.538	/	( ( (18.826 - 12.23)	+	(18.718 - 14.303) )	/ 2 )
	=	-1.538	/	( (6.596	+	4.415)	/ 2 )
	=	-1.538	/	5.5055
	=	-27.94 %

Shanghai Turbo Enterprises'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-0.948	/	( ( (21.16 - 13.953)	+	(16.803 - 14.201) )	/ 2 )
	=	-0.948	/	( ( 7.207	+	2.602 )	/ 2 )
	=	-0.948	/	4.9045
	=	-19.33 %

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

Shanghai Turbo Enterprises (SGX:AWM) 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.

Shanghai Turbo Enterprises ROCE % Related Terms

Thank you for viewing the detailed overview of Shanghai Turbo Enterprises's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Turbo Enterprises (SGX:AWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Turbo Enterprises Ltd (SGX:AWM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Yinghua Road, Zhonglou Economic Development Zone, Jiangsu Province, Changzhou, CHN, 213016

Website

https://www.shanghaiturbo.com

Shanghai Turbo Enterprises Ltd is a precision engineering group that specializes in the production of precision vane products, namely stationary vanes, moving vanes and nozzles. These vanes are the key components of steam turbine generators used for power generation in power plants, power stations and substations. There are also essential components mounted onto steam turbine generators to maximize the efficiency of steam flow in the generation of electricity.

Shanghai Turbo Enterprises (SGX:AWM) Headlines

No Headlines