Hubei DOTI Micro Technology Co (SZSE:301183) ROCE % : 4.72% (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Hubei DOTI Micro 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. Hubei DOTI Micro Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.72%.

Hubei DOTI Micro Technology Co ROCE % Historical Data

The historical data trend for Hubei DOTI Micro 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.

Hubei DOTI Micro Technology Co ROCE % Chart

Hubei DOTI Micro Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

16.32

27.27

18.87

2.71

-5.29

Hubei DOTI Micro Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														-3.20	-2.75	-3.86	-11.43	4.72

Hubei DOTI Micro Technology Co ROCE % Calculation

Hubei DOTI Micro 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 )
	=	-45.157	/	( ( (1055.471 - 179.722)	+	(1093.305 - 263.24) )	/ 2 )
	=	-45.157	/	( (875.749	+	830.065)	/ 2 )
	=	-45.157	/	852.907
	=	-5.29 %

Hubei DOTI Micro 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 )
	=	39.36	/	( ( (1093.305 - 263.24)	+	(1159.982 - 322.806) )	/ 2 )
	=	39.36	/	( ( 830.065	+	837.176 )	/ 2 )
	=	39.36	/	833.6205
	=	4.72 %

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

Hubei DOTI Micro Technology Co (SZSE:301183) 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.

Hubei DOTI Micro Technology Co ROCE % Related Terms

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

Hubei DOTI Micro Technology Co (SZSE:301183) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hubei DOTI Micro Technology Co Ltd (SZSE:301183) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188, South Section of Changban Road, Yuquan Office, Hubei Province, Dangyang, CHN, 444100

Website

Hubei DOTI Micro Technology Co Ltd is engaged in research and development, production and sales of precision optoelectronic thin film components. The main products are camera filters and optical communication components, which can be widely used in consumer electronic products, vehicle cameras, security monitoring equipment, optical communication signal transmission, data centers and other application terminal fields.

Hubei DOTI Micro Technology Co (SZSE:301183) Headlines

No Headlines