Shenzhen Longsys Electronics Co (SZSE:301308) ROCE % : 22.68% (As of Mar. 2024)

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What is Shenzhen Longsys Electronics 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 Longsys Electronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.68%.

Shenzhen Longsys Electronics Co ROCE % Historical Data

The historical data trend for Shenzhen Longsys Electronics 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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Shenzhen Longsys Electronics Co ROCE % Chart

Shenzhen Longsys Electronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.59

12.00

30.34

1.33

-12.42

Shenzhen Longsys Electronics 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												-19.88	-22.28	-17.92	3.25	22.68

Shenzhen Longsys Electronics Co ROCE % Calculation

Shenzhen Longsys Electronics 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 )
	=	-976.127	/	( ( (8963.764 - 1997.412)	+	(13679.846 - 4933.384) )	/ 2 )
	=	-976.127	/	( (6966.352	+	8746.462)	/ 2 )
	=	-976.127	/	7856.407
	=	-12.42 %

Shenzhen Longsys Electronics 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 )
	=	2041.288	/	( ( (13679.846 - 4933.384)	+	(16100.626 - 6845.893) )	/ 2 )
	=	2041.288	/	( ( 8746.462	+	9254.733 )	/ 2 )
	=	2041.288	/	9000.5975
	=	22.68 %

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

Shenzhen Longsys Electronics Co (SZSE:301308) 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 Longsys Electronics Co ROCE % Related Terms

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Shenzhen Longsys Electronics Co (SZSE:301308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Longsys Electronics Co Ltd (SZSE:301308) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No.8 Kefa Road, A, B, C, D, E, F1, 8th Floor, Building 1, Financial Services Technology Innovation Base, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

https://www.longsys.com

Shenzhen Longsys Electronics Co Ltd is a technology-based storage product manufacturer dedicated to memory chip architecture and application. The company has five product lines: embedded storage, industrial storage, mobile storage, SSD storage, and memory module. It provides systematic solutions for personal data and industrial software and hardware storage products.

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