China Display Optoelectronics Technology Holdings (HKSE:00334) ROCE % : 5.81% (As of Dec. 2023)

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What is China Display Optoelectronics Technology Holdings 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. China Display Optoelectronics Technology Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.81%.

China Display Optoelectronics Technology Holdings ROCE % Historical Data

The historical data trend for China Display Optoelectronics Technology Holdings'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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China Display Optoelectronics Technology Holdings ROCE % Chart

China Display Optoelectronics Technology Holdings Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.13

10.33

26.76

16.88

1.79

China Display Optoelectronics Technology Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															31.44	24.17	10.43	-1.99	5.81

China Display Optoelectronics Technology Holdings ROCE % Calculation

China Display Optoelectronics Technology Holdings'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 )
	=	20.78	/	( ( (2881.326 - 1679.964)	+	(2769.314 - 1651.384) )	/ 2 )
	=	20.78	/	( (1201.362	+	1117.93)	/ 2 )
	=	20.78	/	1159.646
	=	1.79 %

China Display Optoelectronics Technology Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	64.494	/	( ( (2840.443 - 1739.465)	+	(2769.314 - 1651.384) )	/ 2 )
	=	64.494	/	( ( 1100.978	+	1117.93 )	/ 2 )
	=	64.494	/	1109.454
	=	5.81 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

China Display Optoelectronics Technology Holdings (HKSE:00334) 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.

China Display Optoelectronics Technology Holdings ROCE % Related Terms

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China Display Optoelectronics Technology Holdings (HKSE:00334) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Display Optoelectronics Technology Holdings Ltd (HKSE:00334) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PJJ1:Germany

Address

No.23, ZhongKai High-Tech District, Guangdong Province, HuiZhou, CHN, 516006

Website

http://www.cdoth8.com

China Display Optoelectronics Technology Holdings Ltd is an investment holding company. It operates in a single segment, display product, which manufactures and sells LCD module products. It focuses on thin-film transistor-liquid crystal display (TFT-LCD), the capacitive touch panel (CTP) display development, production, and sales of modules, and provides a range of products LCD module technology, and manufacturing support services. The company's geographical segments are Mainland China, Hong Kong, and Thailand, of which the majority of its revenues come from Hong Kong.

Executives

Tcl China Star Optoelectronics Technology Co., Ltd.
Tcl Technology Group Corporation (formerly Known As Tcl Corporation)

China Display Optoelectronics Technology Holdings (HKSE:00334) Headlines

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