Beijing Sifang Automation Co (SHSE:601126) ROCE % : 19.64% (As of Mar. 2024)

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What is Beijing Sifang Automation 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. Beijing Sifang Automation Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.64%.

Beijing Sifang Automation Co ROCE % Historical Data

The historical data trend for Beijing Sifang Automation 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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Beijing Sifang Automation Co ROCE % Chart

Beijing Sifang Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.81

10.11

13.20

16.43

17.67

Beijing Sifang Automation 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															16.49	24.31	19.52	11.58	19.64

Beijing Sifang Automation Co ROCE % Calculation

Beijing Sifang Automation 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 )
	=	735.846	/	( ( (8451.651 - 4378.414)	+	(9504.777 - 5249.477) )	/ 2 )
	=	735.846	/	( (4073.237	+	4255.3)	/ 2 )
	=	735.846	/	4164.2685
	=	17.67 %

Beijing Sifang Automation 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 )
	=	855.988	/	( ( (9504.777 - 5249.477)	+	(9727.447 - 5268.132) )	/ 2 )
	=	855.988	/	( ( 4255.3	+	4459.315 )	/ 2 )
	=	855.988	/	4357.3075
	=	19.64 %

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

Beijing Sifang Automation Co (SHSE:601126) 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.

Beijing Sifang Automation Co ROCE % Related Terms

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Beijing Sifang Automation Co (SHSE:601126) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Sifang Automation Co Ltd (SHSE:601126) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Number 9, Fourth Street, Shangdi Information Industry Base, Haidian District, Beijing, CHN, 100085

Website

http://www.sifang-electric.com

Beijing Sifang Automation Co Ltd supplies products, solutions, and services in the fields of protection, monitoring, control, and automation of electric power systems in China and internationally. It provides generation systems, including IEDs for power plant automation, protection IEDs, automation systems for power plants, torsional stress protection and control systems, simulation and training systems, and generator excitation automation systems; and transmission systems, such as substation and digital substation automation solutions among other solutions.

Executives

Gao Shu Qing	senior management
Zhang Xian Zhong	senior management
Zhang Wei Feng	Director
Zhu Chao Hui	senior management
Wang Xu Zhao	Director
Jia Jian	Director
Gao Xiu Huan	Director
Peng Ya Qin	Supervisors
Xi Shu Yang	senior management
Zhang Tao	Director
Zhang You	senior management
Zhang Zhong Li	senior management

Beijing Sifang Automation Co (SHSE:601126) Headlines

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