Henan Shijia Photons Technology Co (SHSE:688313) ROCE % : 3.66% (As of Mar. 2024)

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What is Henan Shijia Photons 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. Henan Shijia Photons Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.66%.

Henan Shijia Photons Technology Co ROCE % Historical Data

The historical data trend for Henan Shijia Photons 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.

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Henan Shijia Photons Technology Co ROCE % Chart

Henan Shijia Photons Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.88

4.12

4.22

4.93

-3.84

Henan Shijia Photons 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															-1.34	-4.58	-2.76	-6.68	3.66

Henan Shijia Photons Technology Co ROCE % Calculation

Henan Shijia Photons 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 )
	=	-49.317	/	( ( (1578.322 - 261.064)	+	(1477.178 - 224.127) )	/ 2 )
	=	-49.317	/	( (1317.258	+	1253.051)	/ 2 )
	=	-49.317	/	1285.1545
	=	-3.84 %

Henan Shijia Photons 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 )
	=	45.744	/	( ( (1477.178 - 224.127)	+	(1468.388 - 219.549) )	/ 2 )
	=	45.744	/	( ( 1253.051	+	1248.839 )	/ 2 )
	=	45.744	/	1250.945
	=	3.66 %

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

Henan Shijia Photons Technology Co (SHSE:688313) 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.

Henan Shijia Photons Technology Co ROCE % Related Terms

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Henan Shijia Photons Technology Co (SHSE:688313) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Henan Shijia Photons Technology Co Ltd (SHSE:688313) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

201 Yanhe Road, Qibin District, Henan Province, Hebi, CHN, 458030

Website

http://www.sjphotons.com

Henan Shijia Photons Technology Co Ltd is engaged in development, production, sales and related technical services of optical chips and devices, indoor optical cables and cable materials. The company's business covers optical chips and devices, indoor optical cables and cable materials. Its main products include PLC splitter chip series products, AWG chip series products, DFB laser chip series products, optical fiber connectors, indoor optical cables, cable materials.

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