State Power Rixin Technology Co (SZSE:301162) ROCE % : 5.51% (As of Mar. 2024)

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What is State Power Rixin 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. State Power Rixin Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.51%.

State Power Rixin Technology Co ROCE % Historical Data

The historical data trend for State Power Rixin 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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State Power Rixin Technology Co ROCE % Chart

State Power Rixin Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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38.34

37.02

29.76

10.48

7.99

State Power Rixin Technology Co Quarterly Data
	Dec17	Dec18	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															4.67	9.49	8.44	9.53	5.51

State Power Rixin Technology Co ROCE % Calculation

State Power Rixin 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 )
	=	84.483	/	( ( (1238.493 - 229.474)	+	(1398.599 - 293.372) )	/ 2 )
	=	84.483	/	( (1009.019	+	1105.227)	/ 2 )
	=	84.483	/	1057.123
	=	7.99 %

State Power Rixin 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 )
	=	62.46	/	( ( (1398.599 - 293.372)	+	(1443.764 - 282.179) )	/ 2 )
	=	62.46	/	( ( 1105.227	+	1161.585 )	/ 2 )
	=	62.46	/	1133.406
	=	5.51 %

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

State Power Rixin Technology Co (SZSE:301162) 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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State Power Rixin Technology Co (SZSE:301162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » State Power Rixin Technology Co Ltd (SZSE:301162) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 227, 2nd Floor, Building 1, Xisanqi Building Materials, Haidian District, Beijing, CHN, 100096

Website

https://www.sprixin.com

State Power Rixin Technology Co Ltd manufactures and distributes electrical power equipment. The Company produces power generation forecast products, new energy grid connected intelligent control systems, new energy power station intelligent operation systems, power grid new energy management systems, and others. State Power Rixin Technology also operates import and export businesses.

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