Shareate Tools (SHSE:688257) ROCE % : 10.10% (As of Mar. 2024)

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What is Shareate Tools 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. Shareate Tools's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.10%.

Shareate Tools ROCE % Historical Data

The historical data trend for Shareate Tools'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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Shareate Tools ROCE % Chart

Shareate Tools Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.30

28.24

13.16

8.63

9.59

Shareate Tools Quarterly Data
	Dec18	Jun19	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															9.75	11.10	9.77	7.35	10.10

Shareate Tools ROCE % Calculation

Shareate Tools'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 )
	=	229.978	/	( ( (3130.29 - 782.251)	+	(3480.423 - 1032.676) )	/ 2 )
	=	229.978	/	( (2348.039	+	2447.747)	/ 2 )
	=	229.978	/	2397.893
	=	9.59 %

Shareate Tools'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 )
	=	249.028	/	( ( (3480.423 - 1032.676)	+	(3432.917 - 947.2) )	/ 2 )
	=	249.028	/	( ( 2447.747	+	2485.717 )	/ 2 )
	=	249.028	/	2466.732
	=	10.10 %

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

Shareate Tools (SHSE:688257) 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.

Shareate Tools ROCE % Related Terms

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Shareate Tools (SHSE:688257) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shareate Tools Ltd (SHSE:688257) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Shuangma Street, Weiting Town, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215121

Website

http://www.shareate.com

Shareate Tools Ltd is a national high-tech enterprise, engaged in cemented carbide products and rock drilling tools. Its main products are Rotary Tricone Bit, DTH Hammer & Bit for mining, water well, and oil-field drilling applications, oil drilling, and mining cemented carbide, carbide substrates for PDC bits, petroleum drill bit nozzle, ultra-fine cemented carbide rod, fine grain cutting tools, stamping die plate, cold heading dies, powder metallurgy dies, tungsten carbide tubular welding, wear parts, non-standard parts. It exports to South America, Africa, Australia, Russia, South Korea, USA, Canada and other countries.

Executives

Yang Han Min	Core technical personnel
Li Ning	Core technical personnel
	senior management
Lu Qing Zhong	Core technical personnel

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