Shenzhen Senior Technology Material Co (SZSE:300568) ROCE % : 4.05% (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Shenzhen Senior Technology Material 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 Senior Technology Material Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.05%.

Shenzhen Senior Technology Material Co ROCE % Historical Data

The historical data trend for Shenzhen Senior Technology Material 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.

* Premium members only.

Shenzhen Senior Technology Material Co ROCE % Chart

Shenzhen Senior Technology Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

5.62

4.32

8.18

10.94

6.43

Shenzhen Senior Technology Material 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															7.93	7.93	10.30	0.46	4.05

Shenzhen Senior Technology Material Co ROCE % Calculation

Shenzhen Senior Technology Material 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 )
	=	813.659	/	( ( (13701.184 - 2329.588)	+	(17945.46 - 4022.169) )	/ 2 )
	=	813.659	/	( (11371.596	+	13923.291)	/ 2 )
	=	813.659	/	12647.4435
	=	6.43 %

Shenzhen Senior Technology Material 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 )
	=	585.908	/	( ( (17945.46 - 4022.169)	+	(18929.414 - 3905.9) )	/ 2 )
	=	585.908	/	( ( 13923.291	+	15023.514 )	/ 2 )
	=	585.908	/	14473.4025
	=	4.05 %

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

Shenzhen Senior Technology Material Co (SZSE:300568) 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 Senior Technology Material Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shenzhen Senior Technology Material Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Senior Technology Material Co (SZSE:300568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Senior Technology Material Co Ltd (SZSE:300568) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

North of the Garden Road, Gongming Office, Guangming New District, Guangdong Province, Shenzhen, CHN, 518078

Website

http://www.senior798.com

Shenzhen Senior Technology Material Co Ltd is operating in the lithium battery separator industry. The company is mainly focused on the research, development, production, sales and service of lithium battery separators. The company's product portfolio includes SQ's high strength dry process, SW's wet process, SH's ceramic coating Products and SJ's polymer coating. Its products are widely used in new energy vehicles, digital products, energy storage power stations, aerospace, electric tools and other fields.

Shenzhen Senior Technology Material Co (SZSE:300568) Headlines

No Headlines