StrongLED Lighting System (Cayman) Co (ROCO:5281) ROCE % : -7.72% (As of Jun. 2023)

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What is StrongLED Lighting System (Cayman) 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. StrongLED Lighting System (Cayman) Co's annualized ROCE % for the quarter that ended in Jun. 2023 was -7.72%.

StrongLED Lighting System (Cayman) Co ROCE % Historical Data

The historical data trend for StrongLED Lighting System (Cayman) 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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StrongLED Lighting System (Cayman) Co ROCE % Chart

StrongLED Lighting System (Cayman) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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16.50

4.99

8.42

-1.88

-13.61

StrongLED Lighting System (Cayman) Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-17.22	-16.99	-4.96	-1.08	-7.72

StrongLED Lighting System (Cayman) Co ROCE % Calculation

StrongLED Lighting System (Cayman) Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-115.603	/	( ( (1529.421 - 621.215)	+	(1243.464 - 452.47) )	/ 2 )
	=	-115.603	/	( (908.206	+	790.994)	/ 2 )
	=	-115.603	/	849.6
	=	-13.61 %

StrongLED Lighting System (Cayman) Co's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-57.436	/	( ( (1224.961 - 463.258)	+	(1157.763 - 432.275) )	/ 2 )
	=	-57.436	/	( ( 761.703	+	725.488 )	/ 2 )
	=	-57.436	/	743.5955
	=	-7.72 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

StrongLED Lighting System (Cayman) Co (ROCO:5281) 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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StrongLED Lighting System (Cayman) Co (ROCO:5281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » StrongLED Lighting System (Cayman) Co Ltd (ROCO:5281) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Shizheng N. 7th Road, 24-5, No. 186, Xitun District, Taichung, TWN, 407

Website

http://www.strongled.net

StrongLED Lighting System (Cayman) Co Ltd operates in the LED lighting systems industry. The company is engaged in manufacturing of LED lighting equipment, integrated control systems and related software. Its product offering includes outdoor LED lighting, lighting control system and software, indoor LED lighting, and LED power supply, LED intelligent control system.

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