Shijiazhuang Shangtai Technology Co (SZSE:001301) ROCE % : 12.57% (As of Mar. 2024)

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What is Shijiazhuang Shangtai Technology 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. Shijiazhuang Shangtai Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.57%.

Shijiazhuang Shangtai Technology Co ROCE % Historical Data

The historical data trend for Shijiazhuang Shangtai Technology 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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Shijiazhuang Shangtai Technology Co ROCE % Chart

Shijiazhuang Shangtai Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.44

16.72

40.46

44.89

15.72

Shijiazhuang Shangtai Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										21.03	14.70	14.28	13.53	12.57

Shijiazhuang Shangtai Technology Co ROCE % Calculation

Shijiazhuang Shangtai Technology 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 )
	=	920.424	/	( ( (8870.031 - 3391.993)	+	(7417.526 - 1184.18) )	/ 2 )
	=	920.424	/	( (5478.038	+	6233.346)	/ 2 )
	=	920.424	/	5855.692
	=	15.72 %

Shijiazhuang Shangtai Technology 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 )
	=	792.928	/	( ( (7417.526 - 1184.18)	+	(7647.252 - 1269.275) )	/ 2 )
	=	792.928	/	( ( 6233.346	+	6377.977 )	/ 2 )
	=	792.928	/	6305.6615
	=	12.57 %

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

Shijiazhuang Shangtai Technology Co (SZSE:001301) 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.

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Shijiazhuang Shangtai Technology Co (SZSE:001301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shijiazhuang Shangtai Technology Co Ltd (SZSE:001301) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

West side of Nansha Highway, Lichengdao Township, Wuji County, Hebei Province, Shijiazhuang, CHN, 052461

Website

http://www.shangtaitech.com

Shijiazhuang Shangtai Technology Co Ltd specializes in the research and development, production, processing and sales of lithium-ion battery anode materials and graphitized coke. The company's products are widely used in new energy electric vehicle power batteries, consumer batteries and energy storage batteries.

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