CSG Smart Science and Technology Co (SZSE:300222) ROCE % : 2.64% (As of Mar. 2024)

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What is CSG Smart Science and 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. CSG Smart Science and Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.64%.

CSG Smart Science and Technology Co ROCE % Historical Data

The historical data trend for CSG Smart Science and 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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CSG Smart Science and Technology Co ROCE % Chart

CSG Smart Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-68.23

-8.52

-1.39

-9.96

-5.18

CSG Smart Science and Technology 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															-2.99	1.17	-4.91	-14.40	2.64

CSG Smart Science and Technology Co ROCE % Calculation

CSG Smart Science and 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 )
	=	-115.986	/	( ( (5785.985 - 3406.476)	+	(5442.551 - 3344.824) )	/ 2 )
	=	-115.986	/	( (2379.509	+	2097.727)	/ 2 )
	=	-115.986	/	2238.618
	=	-5.18 %

CSG Smart Science and 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 )
	=	54.74	/	( ( (5442.551 - 3344.824)	+	(4659.175 - 2616.783) )	/ 2 )
	=	54.74	/	( ( 2097.727	+	2042.392 )	/ 2 )
	=	54.74	/	2070.0595
	=	2.64 %

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

CSG Smart Science and Technology Co (SZSE:300222) 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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CSG Smart Science and Technology Co (SZSE:300222) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CSG Smart Science and Technology Co Ltd (SZSE:300222) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 456, Bibo Road, Zhangjiang High Tech, Pudong District, Shanghai, CHN, 201203

Website

http://www.csg.com.cn

CSG Smart Science and Technology Co Ltd is engaged in the manufacturing of high-end equipment and smart distribution networks in China. It primarily focuses on improving the product quality, enhancing work safety, and reducing energy consumption and environmental pollution for customers in such areas as automaking, new energy, electrical equipment, rail transportation, and the war industry. It offers smart factory total solution to enhance production efficiency, welding products, intelligent logistics products, various other Service and special robots. Geographically it operates through China.

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