MeiG Smart Technology Co (SZSE:002881) ROCE % : 2.41% (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is MeiG Smart Technology 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. MeiG Smart Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.41%.

MeiG Smart Technology Co ROCE % Historical Data

The historical data trend for MeiG Smart Technology 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.

MeiG Smart Technology Co ROCE % Chart

MeiG Smart Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

3.84

2.82

18.13

19.69

5.84

MeiG Smart Technology Co 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															8.63	10.67	0.66	0.19	2.41

MeiG Smart Technology Co ROCE % Calculation

MeiG Smart Technology 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 )
	=	71.538	/	( ( (1726.702 - 797.454)	+	(2144.721 - 624.446) )	/ 2 )
	=	71.538	/	( (929.248	+	1520.275)	/ 2 )
	=	71.538	/	1224.7615
	=	5.84 %

MeiG Smart Technology 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 )
	=	36.432	/	( ( (2144.721 - 624.446)	+	(2594.654 - 1096.96) )	/ 2 )
	=	36.432	/	( ( 1520.275	+	1497.694 )	/ 2 )
	=	36.432	/	1508.9845
	=	2.41 %

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

MeiG Smart Technology Co (SZSE:002881) 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.

MeiG Smart Technology Co ROCE % Related Terms

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

MeiG Smart Technology Co (SZSE:002881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MeiG Smart Technology Co Ltd (SZSE:002881) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.5 Lingxia Road, Fenghuang Fourth Industrial Zone, Fuyong Street, Baoan District, No.1, 2nd Floor, 3rd Floor, Building A, Building B, Guangdong Province, Shenzhen, CHN, 518103

Website

http://www.meigsmart.com

MeiG Smart Technology Co Ltd is the communications equipment manufacturing company. Its core business is the development and production of IoT smart terminals, wireless communication modules (M2M) and intelligent hardware as well as precision mold development and production and sales of precision components. The company's IoT smart terminals, LTE module products and wireless data solutions applied in the fields of mobile payment, car networking, security, industrial routing, consumer electronics, smart power, smart meter reading, intelligent terminals, and item tracking. application.

MeiG Smart Technology Co (SZSE:002881) Headlines

No Headlines