Shentong Technology Group Co (SHSE:605228) ROCE % : 3.40% (As of Mar. 2024)

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What is Shentong Technology Group 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. Shentong Technology Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.40%.

Shentong Technology Group Co ROCE % Historical Data

The historical data trend for Shentong Technology Group 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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Shentong Technology Group Co ROCE % Chart

Shentong Technology Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.90

15.30

8.43

2.47

3.87

Shentong Technology Group 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															0.25	2.43	4.10	7.80	3.40

Shentong Technology Group Co ROCE % Calculation

Shentong Technology Group 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 )
	=	70.631	/	( ( (2217 - 709.389)	+	(3029.596 - 883.445) )	/ 2 )
	=	70.631	/	( (1507.611	+	2146.151)	/ 2 )
	=	70.631	/	1826.881
	=	3.87 %

Shentong Technology Group 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 )
	=	72.932	/	( ( (3029.596 - 883.445)	+	(2993.073 - 853.737) )	/ 2 )
	=	72.932	/	( ( 2146.151	+	2139.336 )	/ 2 )
	=	72.932	/	2142.7435
	=	3.40 %

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

Shentong Technology Group Co (SHSE:605228) 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.

Shentong Technology Group Co ROCE % Related Terms

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Shentong Technology Group Co (SHSE:605228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shentong Technology Group Co Ltd (SHSE:605228) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 788, Tanjialing West Road, Lanjiang Street, Zhejiang Province, Yuyao, CHN, 315400

Website

http://www.shentong-china.com

Shentong Technology Group Co Ltd is engaged in the research and development, production and sales of automotive non-metallic parts and molds. The main products include automotive powertrain parts, interior and exterior trim parts and molds.

Executives

Wu Chao	senior management
Zhu Chun Ya	Directors, senior managers
Zhou Bao Cong	Director
Wang Huan	Director

Shentong Technology Group Co (SHSE:605228) Headlines

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