Shenzhen Center Power Tech Co (SZSE:002733) ROCE % : 4.81% (As of Mar. 2024)

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What is Shenzhen Center Power Tech 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 Center Power Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.81%.

Shenzhen Center Power Tech Co ROCE % Historical Data

The historical data trend for Shenzhen Center Power Tech 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 Center Power Tech Co ROCE % Chart

Shenzhen Center Power Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.23

4.49

-9.82

8.25

6.81

Shenzhen Center Power Tech 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															5.98	10.77	11.71	-1.34	4.81

Shenzhen Center Power Tech Co ROCE % Calculation

Shenzhen Center Power Tech 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 )
	=	219.16	/	( ( (5653.584 - 2556.12)	+	(5074.654 - 1738.734) )	/ 2 )
	=	219.16	/	( (3097.464	+	3335.92)	/ 2 )
	=	219.16	/	3216.692
	=	6.81 %

Shenzhen Center Power Tech 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 )
	=	157.256	/	( ( (5074.654 - 1738.734)	+	(4956.894 - 1750.835) )	/ 2 )
	=	157.256	/	( ( 3335.92	+	3206.059 )	/ 2 )
	=	157.256	/	3270.9895
	=	4.81 %

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

Shenzhen Center Power Tech Co (SZSE:002733) 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 Center Power Tech Co ROCE % Related Terms

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Shenzhen Center Power Tech Co (SZSE:002733) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Center Power Tech Co Ltd (SZSE:002733) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Center Power Industrial Park, Tongfu Industrial District, Dapeng Town, Shenzhen, CHN, 518120

Website

http://www.senry-batt.com

Shenzhen Center Power Tech Co Ltd is engaged in manufacturing in VRLA batteries & sealed lead-acid battery. It produces AGM series, GEL series, Telecom series, Deep cycle series, and Electric Vehicle series for diversified industries.

Executives

Zhang Hua Nong	Secretary, Director
Chen Hong	Directors, executives
Zhao Xiao Li	Director
Liu Ming Hao	Supervisors
Lai Xin Hua	Supervisors
Li Jian	Director

Shenzhen Center Power Tech Co (SZSE:002733) Headlines

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