Shuangliang Eco-Energy Systems Co (SHSE:600481) ROCE % : -7.35% (As of Mar. 2024)

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What is Shuangliang Eco-Energy Systems 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. Shuangliang Eco-Energy Systems Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.35%.

Shuangliang Eco-Energy Systems Co ROCE % Historical Data

The historical data trend for Shuangliang Eco-Energy Systems 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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Shuangliang Eco-Energy Systems Co ROCE % Chart

Shuangliang Eco-Energy Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.88

8.18

16.00

24.71

22.63

Shuangliang Eco-Energy Systems 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															32.21	11.90	42.87	7.42	-7.35

Shuangliang Eco-Energy Systems Co ROCE % Calculation

Shuangliang Eco-Energy Systems 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 )
	=	2216.912	/	( ( (21965.802 - 13767.342)	+	(30090.661 - 18696.706) )	/ 2 )
	=	2216.912	/	( (8198.46	+	11393.955)	/ 2 )
	=	2216.912	/	9796.2075
	=	22.63 %

Shuangliang Eco-Energy Systems 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 )
	=	-853.864	/	( ( (30090.661 - 18696.706)	+	(29987.275 - 18139.826) )	/ 2 )
	=	-853.864	/	( ( 11393.955	+	11847.449 )	/ 2 )
	=	-853.864	/	11620.702
	=	-7.35 %

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

Shuangliang Eco-Energy Systems Co (SHSE:600481) 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.

Shuangliang Eco-Energy Systems Co ROCE % Related Terms

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Shuangliang Eco-Energy Systems Co (SHSE:600481) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shuangliang Eco-Energy Systems Co Ltd (SHSE:600481) » Definitions » ROCE %

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Address

Shuangliang Industrial Park, Ligang Town, Jiangyin, Jiangsu, CHN, 214444

Website

http://www.shuangliang.com

Shuangliang Eco-Energy Systems Co Ltd is a China-based company engaged in the development and manufacturing of energy and water conservation and environmental protection system. Its products include central air conditioning system, high-efficient heat transfer system, desalination system, sewage treatment system, and other energy conservation system.

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