Shanghai Sinyang Semiconductor Materials Co (SZSE:300236) ROCE % : 3.72% (As of Mar. 2024)

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What is Shanghai Sinyang Semiconductor Materials 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. Shanghai Sinyang Semiconductor Materials Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.72%.

Shanghai Sinyang Semiconductor Materials Co ROCE % Historical Data

The historical data trend for Shanghai Sinyang Semiconductor Materials 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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Shanghai Sinyang Semiconductor Materials Co ROCE % Chart

Shanghai Sinyang Semiconductor Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.77

9.47

2.11

1.35

4.27

Shanghai Sinyang Semiconductor Materials 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															5.71	2.68	2.87	4.61	3.72

Shanghai Sinyang Semiconductor Materials Co ROCE % Calculation

Shanghai Sinyang Semiconductor Materials 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 )
	=	203.968	/	( ( (5620.353 - 908.768)	+	(5588.59 - 747.853) )	/ 2 )
	=	203.968	/	( (4711.585	+	4840.737)	/ 2 )
	=	203.968	/	4776.161
	=	4.27 %

Shanghai Sinyang Semiconductor Materials 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 )
	=	172.612	/	( ( (5588.59 - 747.853)	+	(5092.809 - 659.595) )	/ 2 )
	=	172.612	/	( ( 4840.737	+	4433.214 )	/ 2 )
	=	172.612	/	4636.9755
	=	3.72 %

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

Shanghai Sinyang Semiconductor Materials Co (SZSE:300236) 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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Shanghai Sinyang Semiconductor Materials Co (SZSE:300236) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shanghai Sinyang Semiconductor Materials Co Ltd (SZSE:300236) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 3600, Sixian Road, Songjiang District, Shanghai, CHN, 201616

Website

http://www.sinyang.com.cn

Shanghai Sinyang Semiconductor Materials Co Ltd is a high-tech company focusing on the research and development, design, manufacturing, sales, and services of electronic materials and its related surface treatment equipment. It is involved in the electronics industry, semiconductor manufacturing, packaging test and assembly, solar cell manufacturing and aerospace electronic industries. The products offered by the company includes traditional encapsulation of semiconductor, advanced manufacturing and packaging of semiconductor, and aerospace aircraft electronic chemical materials.

Executives

Shao Jian Min	Directors, executives
Wang Fu Xiang	Director
Xie Ming	Supervisors
Fang Shu Nong	Directors, executives
Geng Lei	Director
Wang Su	Executives
Feng Li	Executives
Yang Jing	Secretary Dong
Li Hao	Director
Zhou Hong Xiao	Securities Affairs Representative
Sun Jiang Yan	Director
Lv Hai Bo	Directors, executives

Shanghai Sinyang Semiconductor Materials Co (SZSE:300236) Headlines

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