Shandong Hi-tech Spring Material Technology Co (SZSE:301292) ROCE % : -5.65% (As of Mar. 2024)

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What is Shandong Hi-tech Spring Material 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. Shandong Hi-tech Spring Material Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.65%.

Shandong Hi-tech Spring Material Technology Co ROCE % Historical Data

The historical data trend for Shandong Hi-tech Spring Material 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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Shandong Hi-tech Spring Material Technology Co ROCE % Chart

Shandong Hi-tech Spring Material Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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52.43

20.47

43.44

13.76

2.08

Shandong Hi-tech Spring Material Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										5.52	4.25	1.35	-1.99	-5.65

Shandong Hi-tech Spring Material Technology Co ROCE % Calculation

Shandong Hi-tech Spring Material 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 )
	=	74	/	( ( (5232.763 - 2344.3)	+	(6967.949 - 2742.841) )	/ 2 )
	=	74	/	( (2888.463	+	4225.108)	/ 2 )
	=	74	/	3556.7855
	=	2.08 %

Shandong Hi-tech Spring Material 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 )
	=	-244.764	/	( ( (6967.949 - 2742.841)	+	(7349.158 - 2914.184) )	/ 2 )
	=	-244.764	/	( ( 4225.108	+	4434.974 )	/ 2 )
	=	-244.764	/	4330.041
	=	-5.65 %

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

Shandong Hi-tech Spring Material Technology Co (SZSE:301292) 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.

Shandong Hi-tech Spring Material Technology Co ROCE % Related Terms

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Shandong Hi-tech Spring Material Technology Co (SZSE:301292) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Hi-tech Spring Material Technology Co Ltd (SZSE:301292) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 23, Zoucheng Road, Dongying High-tech Industrial Development Zone, Shandong Province, Dongying, CHN, 257000

Website

https://www.hi-techspring.com

Shandong Hi-tech Spring Material Technology Co Ltd is engaged in the research and development, production and sales of carbonate series lithium-ion battery electrolyte solvents and fine chemicals such as high-end propylene glycol and isopropanol.

Shandong Hi-tech Spring Material Technology Co (SZSE:301292) Headlines

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