Sieyuan Electric Co (SZSE:002028) ROCE % : 15.00% (As of Mar. 2024)

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What is Sieyuan Electric 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. Sieyuan Electric Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.00%.

Sieyuan Electric Co ROCE % Historical Data

The historical data trend for Sieyuan Electric 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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Sieyuan Electric Co ROCE % Chart

Sieyuan Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.69

18.39

17.81

14.36

17.28

Sieyuan Electric 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															10.23	21.80	19.62	17.52	15.00

Sieyuan Electric Co ROCE % Calculation

Sieyuan Electric 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 )
	=	1777.907	/	( ( (15714.884 - 6016.374)	+	(18733.339 - 7850.578) )	/ 2 )
	=	1777.907	/	( (9698.51	+	10882.761)	/ 2 )
	=	1777.907	/	10290.6355
	=	17.28 %

Sieyuan Electric 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 )
	=	1659.772	/	( ( (18733.339 - 7850.578)	+	(18493.251 - 7243.202) )	/ 2 )
	=	1659.772	/	( ( 10882.761	+	11250.049 )	/ 2 )
	=	1659.772	/	11066.405
	=	15.00 %

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

Sieyuan Electric Co (SZSE:002028) 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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Sieyuan Electric Co (SZSE:002028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sieyuan Electric Co Ltd (SZSE:002028) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 3399 Huaning Road, Minhang District, Shanghai, CHN, 201108

Website

http://en.sieyuan.com

Sieyuan Electric Co Ltd is a China-based company provides electrical equipment and services. The group primarily specializes in the research and development of electric power technology, equipment manufacturing, and engineering services. Siyuan Electric's business involves power, metallurgy, railway, petrochemical, coal, port and other industries. The products offered by the company include Capacitor, reactor, high voltage SVG, Intelligent terminal, auxiliary system, string harmonic, oil chromatography, UV imager and others. Geographically, it holds a presence in both the Chinese and international market.

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