Huizhou China Eagle Electronic Technology (SZSE:002579) ROCE % : -2.76% (As of Mar. 2024)

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What is Huizhou China Eagle Electronic Technology 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. Huizhou China Eagle Electronic Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.76%.

Huizhou China Eagle Electronic Technology ROCE % Historical Data

The historical data trend for Huizhou China Eagle Electronic Technology'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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Huizhou China Eagle Electronic Technology ROCE % Chart

Huizhou China Eagle Electronic Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.59

9.10

5.23

-2.56

-1.39

Huizhou China Eagle Electronic Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-3.91	-0.34	0.29	-1.52	-2.76

Huizhou China Eagle Electronic Technology ROCE % Calculation

Huizhou China Eagle Electronic Technology'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 )
	=	-57.304	/	( ( (6647.11 - 2423.242)	+	(6516.71 - 2524.565) )	/ 2 )
	=	-57.304	/	( (4223.868	+	3992.145)	/ 2 )
	=	-57.304	/	4108.0065
	=	-1.39 %

Huizhou China Eagle Electronic Technology'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 )
	=	-109.032	/	( ( (6516.71 - 2524.565)	+	(6381.121 - 2478.933) )	/ 2 )
	=	-109.032	/	( ( 3992.145	+	3902.188 )	/ 2 )
	=	-109.032	/	3947.1665
	=	-2.76 %

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

Huizhou China Eagle Electronic Technology (SZSE:002579) 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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Huizhou China Eagle Electronic Technology (SZSE:002579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Huizhou China Eagle Electronic Technology Inc (SZSE:002579) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1 Zhongjing Road, Chenjiang Street, Zhongkai High-tech Zone, Guangdong Province, Huizhou, CHN

Website

http://www.ceepcb.com

Huizhou China Eagle Electronic Technology Co Ltd researches and develops, produces, and sells printed circuit boards (PCBs) in China and internationally. Its products include offers high-end multilayer, high-density interconnect, and flexible PCBs. The company's products are used in consumer electronics, network communications, computers, automotive electronics, security industrial controls, medical equipment and artificial intelligence systems, Internet of things, smart wears and AR / VR, drones.

Executives

Wang Qin Sheng	Executives
Yang Peng Fei	Directors, executives
Duan Lun Yong	Executives
Chen Ru Ping	Secretary Dong
Huang Ruo Lei	Securities Affairs Representative
Liu De Wei	Directors, executives
Yu Xiang Bin	Directors, Directors, and Executives
Yang Lin	Director

Huizhou China Eagle Electronic Technology (SZSE:002579) Headlines

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