Shanghai Laimu Electronics Co (SHSE:603633) ROCE % : 6.02% (As of Mar. 2024)

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What is Shanghai Laimu Electronics 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. Shanghai Laimu Electronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.02%.

Shanghai Laimu Electronics Co ROCE % Historical Data

The historical data trend for Shanghai Laimu Electronics 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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Shanghai Laimu Electronics Co ROCE % Chart

Shanghai Laimu Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.28

7.24

4.75

6.50

5.12

Shanghai Laimu Electronics 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															5.59	6.60	6.59	2.12	6.02

Shanghai Laimu Electronics Co ROCE % Calculation

Shanghai Laimu Electronics 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 )
	=	105.475	/	( ( (2881.138 - 967.136)	+	(3369.572 - 1164.219) )	/ 2 )
	=	105.475	/	( (1914.002	+	2205.353)	/ 2 )
	=	105.475	/	2059.6775
	=	5.12 %

Shanghai Laimu Electronics 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 )
	=	134.668	/	( ( (3369.572 - 1164.219)	+	(3331.817 - 1064.898) )	/ 2 )
	=	134.668	/	( ( 2205.353	+	2266.919 )	/ 2 )
	=	134.668	/	2236.136
	=	6.02 %

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

Shanghai Laimu Electronics Co (SHSE:603633) 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 Laimu Electronics Co ROCE % Related Terms

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Shanghai Laimu Electronics Co (SHSE:603633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Laimu Electronics Co Ltd (SHSE:603633) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.7319 Spring Road, Minhang District, Shanghai, CHN

Website

http://en.laimu.com.cn

Shanghai Laimu Electronics Co Ltd is specialized in the development, production and sales of precision electronic components based on connectors and shields. Its products include automotive electronics, including injection and stamping parts, connectors, injection inserts, and wire harnesses; and mobile electronics, such as T-cards, battery holders, and camera modules, as well as components for SIMs and USBs. Its products are mainly applied to the fields of automobile and mobile phone.

Executives

Zhu Xin Ai	Directors, senior managers
Fang Pei Xi	Directors, senior managers
Yang Xiao Kang	Director
Zhu Xiao Hai	Directors, senior managers
Liu Jing	Directors, senior managers
Shen Jian Qiang	Supervisors
Fang Pei Jiao	Director

Shanghai Laimu Electronics Co (SHSE:603633) Headlines

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