Cambricon Technologies (SHSE:688256) ROCE % : -17.41% (As of Sep. 2023)

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What is Cambricon Technologies 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. Cambricon Technologies's annualized ROCE % for the quarter that ended in Sep. 2023 was -17.41%.

Cambricon Technologies ROCE % Historical Data

The historical data trend for Cambricon Technologies'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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Cambricon Technologies ROCE % Chart

Cambricon Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-31.15

-51.12

-9.87

-12.22

-22.51

Cambricon Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-23.33	-24.82	-20.66	-21.07	-17.41

Cambricon Technologies ROCE % Calculation

Cambricon Technologies'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 )
	=	-1318.708	/	( ( (6989.146 - 502.596)	+	(5770.42 - 542.145) )	/ 2 )
	=	-1318.708	/	( (6486.55	+	5228.275)	/ 2 )
	=	-1318.708	/	5857.4125
	=	-22.51 %

Cambricon Technologies's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1080.364	/	( ( (6633.204 - 278.622)	+	(6581.321 - 525.08) )	/ 2 )
	=	-1080.364	/	( ( 6354.582	+	6056.241 )	/ 2 )
	=	-1080.364	/	6205.4115
	=	-17.41 %

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

Cambricon Technologies (SHSE:688256) 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.

Cambricon Technologies ROCE % Related Terms

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Cambricon Technologies (SHSE:688256) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cambricon Technologies Corp Ltd (SHSE:688256) » Definitions » ROCE %

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Address

No. 7 Zhichun Road, 11th, 14th, 16th floors, Block D, Zhizheng Building, Haidian District, Beijing, CHN, 100191

Website

http://www.cambricon.com

Cambricon Technologies Corp Ltd is engaged in design and sales of artificial intelligence core chips in various cloud servers, edge computing equipment, and terminal equipment provide customers with rich chip products and system software solutions.

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