Chengdu Sino Microelectronics Tech Co (SHSE:688709) ROCE % : 11.23% (As of Mar. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Chengdu Sino Microelectronics Tech 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. Chengdu Sino Microelectronics Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.23%.

Chengdu Sino Microelectronics Tech Co ROCE % Historical Data

The historical data trend for Chengdu Sino Microelectronics Tech 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.

* Premium members only.

Chengdu Sino Microelectronics Tech Co ROCE % Chart

Chengdu Sino Microelectronics Tech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-2.17

8.49

23.64

27.79

24.07

Chengdu Sino Microelectronics Tech Co Quarterly Data
	Dec18	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								25.65	21.65	14.92	33.46	11.23

Chengdu Sino Microelectronics Tech Co ROCE % Calculation

Chengdu Sino Microelectronics Tech 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 )
	=	343.603	/	( ( (1914.996 - 598.196)	+	(2274.218 - 735.454) )	/ 2 )
	=	343.603	/	( (1316.8	+	1538.764)	/ 2 )
	=	343.603	/	1427.782
	=	24.07 %

Chengdu Sino Microelectronics Tech 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 )
	=	260.504	/	( ( (2274.218 - 735.454)	+	(3792.482 - 690.949) )	/ 2 )
	=	260.504	/	( ( 1538.764	+	3101.533 )	/ 2 )
	=	260.504	/	2320.1485
	=	11.23 %

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

Chengdu Sino Microelectronics Tech Co (SHSE:688709) 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.

Chengdu Sino Microelectronics Tech Co ROCE % Related Terms

Thank you for viewing the detailed overview of Chengdu Sino Microelectronics Tech Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Chengdu Sino Microelectronics Tech Co (SHSE:688709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Sino Microelectronics Tech Co Ltd (SHSE:688709) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Chengdu Sino Microelectronics Tech Co Ltd is engaged in research and development, design, testing and sales of special integrated circuits.

Chengdu Sino Microelectronics Tech Co (SHSE:688709) Headlines

No Headlines