Sharetronic Data Technology Co (SZSE:300857) ROCE % : 29.31% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Sharetronic Data 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. Sharetronic Data Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 29.31%.

Sharetronic Data Technology Co ROCE % Historical Data

The historical data trend for Sharetronic Data 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.

* Premium members only.

Sharetronic Data Technology Co ROCE % Chart

Sharetronic Data Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

17.77

12.43

11.02

11.32

16.76

Sharetronic Data 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															11.59	13.47	15.71	17.41	29.31

Sharetronic Data Technology Co ROCE % Calculation

Sharetronic Data 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 )
	=	340.483	/	( ( (2814.367 - 1283.122)	+	(5106.002 - 2574.644) )	/ 2 )
	=	340.483	/	( (1531.245	+	2531.358)	/ 2 )
	=	340.483	/	2031.3015
	=	16.76 %

Sharetronic Data 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 )
	=	770.86	/	( ( (5106.002 - 2574.644)	+	(5546.908 - 2817.645) )	/ 2 )
	=	770.86	/	( ( 2531.358	+	2729.263 )	/ 2 )
	=	770.86	/	2630.3105
	=	29.31 %

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

Sharetronic Data Technology Co (SZSE:300857) 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.

Sharetronic Data Technology Co ROCE % Related Terms

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

Sharetronic Data Technology Co (SZSE:300857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sharetronic Data Technology Co Ltd (SZSE:300857) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Shennan Avenue, Room 1209, 12th Floor, Block 1, Yaohua Creation Building, Futian District, Guangdong Province, Shenzhen, CHN, 518040

Website

http://www.sharetronic.com

Sharetronic Data Technology Co Ltd is engaged in production and sales of products such as Internet of Things intelligent terminals and data storage devices in the field of consumer electronics. The company provides wireless network and smart terminal. Its production lines mainly focus on Internet of Things, Smart Home, and Car Networking. Its products consist of virtual reality, laptops, wifi IP camera, and NAS storage.

Sharetronic Data Technology Co (SZSE:300857) Headlines

No Headlines