Rigol Technologies Co (SHSE:688337) ROCE % : 1.01% (As of Mar. 2024)

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What is Rigol 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. Rigol Technologies Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.01%.

Rigol Technologies Co ROCE % Historical Data

The historical data trend for Rigol 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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Rigol Technologies Co ROCE % Chart

Rigol Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.18

-4.98

-0.81

5.92

4.29

Rigol 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												3.86	3.71	3.46	6.25	1.01

Rigol Technologies Co ROCE % Calculation

Rigol 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 )
	=	118.388	/	( ( (2788.982 - 201.813)	+	(3265.682 - 331.277) )	/ 2 )
	=	118.388	/	( (2587.169	+	2934.405)	/ 2 )
	=	118.388	/	2760.787
	=	4.29 %

Rigol 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 )
	=	29.924	/	( ( (3265.682 - 331.277)	+	(3411.761 - 422.331) )	/ 2 )
	=	29.924	/	( ( 2934.405	+	2989.43 )	/ 2 )
	=	29.924	/	2961.9175
	=	1.01 %

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

Rigol Technologies Co (SHSE:688337) 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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Rigol Technologies Co (SHSE:688337) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rigol Technologies Co Ltd (SHSE:688337) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Keling Road, High-tech Zone, Jiangsu Province, Suzhou City, CHN, 215163

Website

https://www.rigol.com

Rigol Technologies Co Ltd is engaged in the research and development, production and sales of general electronic measuring instruments.

Executives

Luo Qi Yong

Core technical personnel

Rigol Technologies Co (SHSE:688337) Headlines

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