Shanghai Rychen Technologies Co (SZSE:301273) ROCE % : -7.65% (As of Mar. 2024)

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What is Shanghai Rychen Technologies 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 Rychen Technologies Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.65%.

Shanghai Rychen Technologies Co ROCE % Historical Data

The historical data trend for Shanghai Rychen Technologies 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 Rychen Technologies Co ROCE % Chart

Shanghai Rychen Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.56

35.12

30.33

8.65

3.07

Shanghai Rychen Technologies Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												-0.86	6.55	0.95	5.65	-7.65

Shanghai Rychen Technologies Co ROCE % Calculation

Shanghai Rychen Technologies 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 )
	=	32.576	/	( ( (1272.046 - 230.246)	+	(1257.322 - 178.636) )	/ 2 )
	=	32.576	/	( (1041.8	+	1078.686)	/ 2 )
	=	32.576	/	1060.243
	=	3.07 %

Shanghai Rychen Technologies 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 )
	=	-81.652	/	( ( (1257.322 - 178.636)	+	(1269.32 - 213.293) )	/ 2 )
	=	-81.652	/	( ( 1078.686	+	1056.027 )	/ 2 )
	=	-81.652	/	1067.3565
	=	-7.65 %

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

Shanghai Rychen Technologies Co (SZSE:301273) 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.

Shanghai Rychen Technologies Co ROCE % Related Terms

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Shanghai Rychen Technologies Co (SZSE:301273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Rychen Technologies Co Ltd (SZSE:301273) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 358, Shenxia Road, Area C, Building 3, Jiading District, Shanghai, CHN, 201822

Website

http://www.richenenergy.com.cn

Shanghai Rychen Technologies Co Ltd is engaged in the research and development, design, production and sales of high-efficiency and energy-saving equipment.

Executives

Lv Zeng Li

Supervisors

Shanghai Rychen Technologies Co (SZSE:301273) Headlines

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