Xiaomi (HKSE:01810) ROCE % : 12.00% (As of Dec. 2023)

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What is Xiaomi 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. Xiaomi's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.00%.

Xiaomi ROCE % Historical Data

The historical data trend for Xiaomi'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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Xiaomi ROCE % Chart

Xiaomi Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.38

21.59

17.13

2.68

11.89

Xiaomi Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.78	14.28	10.62	11.86	12.00

Xiaomi ROCE % Calculation

Xiaomi'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 )
	=	25777.106	/	( ( (305429.528 - 100088.385)	+	(354655.003 - 126427.272) )	/ 2 )
	=	25777.106	/	( (205341.143	+	228227.731)	/ 2 )
	=	25777.106	/	216784.437
	=	11.89 %

Xiaomi'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	26749.704	/	( ( (323683.092 - 106177.754)	+	(354655.003 - 126427.272) )	/ 2 )
	=	26749.704	/	( ( 217505.338	+	228227.731 )	/ 2 )
	=	26749.704	/	222866.5345
	=	12.00 %

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

Xiaomi (HKSE:01810) 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.

Xiaomi ROCE % Related Terms

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Xiaomi (HKSE:01810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiaomi Corp (HKSE:01810) » Definitions » ROCE %

Traded in Other Exchanges

XIACY:USA XIACF:USA 1810:Mexico 3CPA:Germany 3CP:Germany 3CPA:Germany 3CP:Germany 3CP:Germany

Address

Anningzhuang Road, Xiaomi Campus, Haidian District, Beijing, CHN

Website

https://www.mi.com

Xiaomi is a technology product and services company founded in early 2010, focusing mainly on smartphones and Internet of Things products and related internet services. An early adopter of online smartphone sales, Xiaomi uses Android as its operating system but has its own customized user interface called MIUI. As competition in its home Chinese smartphone market intensified and growth has slowed, it has expanded into other markets and has become the smartphone market leader in India and is gaining market share in Europe. From 2020 to 2022, from a country perspective, around 50% of its overall revenue was generated in mainland China, down from 94% in 2015. The company listed on the Hong Kong market at the beginning of July 2018.

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