Under The Bonnet, Sunlands Technology Group's (NYSE:STG) Returns Look Impressive [Yahoo! Finance]
Sunlands Technology Group American Depositary Shares, representing Class A ordinary shares (STG)
Company Research
Source: Yahoo! Finance
Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. With that in mind, the ROCE of Sunlands Technology Group NYSE:STG ) looks great, so lets see what the trend can tell us. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Sunlands Technology Group is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.33 = CN¥423m ÷ (CN¥2.2b - CN¥897m) (Based on the trailing twelve months to June 2024) Thus, Sunlands Technology Group has an ROCE of 33%. In absolute terms that's a great return and it's even better than the Consumer Services industry average of 8.0%. See our latest analysis for Sunlands
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