Shenzhen Deren Electronic Co (SZSE:002055) ROCE % : -2.57% (As of Mar. 2024)

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What is Shenzhen Deren Electronic 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. Shenzhen Deren Electronic Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.57%.

Shenzhen Deren Electronic Co ROCE % Historical Data

The historical data trend for Shenzhen Deren Electronic 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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Shenzhen Deren Electronic Co ROCE % Chart

Shenzhen Deren Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-10.60

-1.04

-9.76

-2.70

-2.94

Shenzhen Deren Electronic 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															-0.44	8.54	1.89	-22.69	-2.57

Shenzhen Deren Electronic Co ROCE % Calculation

Shenzhen Deren Electronic 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 )
	=	-139.539	/	( ( (9360.012 - 4235.18)	+	(7863.978 - 3483.438) )	/ 2 )
	=	-139.539	/	( (5124.832	+	4380.54)	/ 2 )
	=	-139.539	/	4752.686
	=	-2.94 %

Shenzhen Deren Electronic 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 )
	=	-111.052	/	( ( (7863.978 - 3483.438)	+	(7662.474 - 3387.35) )	/ 2 )
	=	-111.052	/	( ( 4380.54	+	4275.124 )	/ 2 )
	=	-111.052	/	4327.832
	=	-2.57 %

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

Shenzhen Deren Electronic Co (SZSE:002055) 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.

Shenzhen Deren Electronic Co ROCE % Related Terms

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Shenzhen Deren Electronic Co (SZSE:002055) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Deren Electronic Co Ltd (SZSE:002055) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Guangming Street, Deren Industrial Park, Guanguang Road, Guangdong Province, Shenzhen, CHN, 518107

Website

http://www.deren.com.cn

Shenzhen Deren Electronic Co Ltd is a China-based company principally engaged in research, development, manufacturing, and sales of connectors and precision components for home appliance, consumer, and automotive electronics, and telematics technology. Their products include electronic connectors, electronic wire harnesses, precision molds and automotive electronics. Geographically, the company has its business presence in China and other international countries. The organization has three business groups, Home appliance and Consumer Electronics Business Group, Automotive Electronics and Electrics Business Group and Telematics Business Group.

Executives

Rao Qi	Executives
Wang Shao Hua	Directors, executives
Tian Nan Lv	Director
Su Jin	Director
Song Sheng Lin	Executives
He Lian Hua	Securities Affairs Representative
Qiu Wei Min	Director
Qiu Jian Min	Director
Wang Da Peng	Executives
Lan Yu Ping	Director
Li Xu Gen	Supervisors
Chen Jie	Supervisors

Shenzhen Deren Electronic Co (SZSE:002055) Headlines

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