Vesync Co (HKSE:02148) ROCE % : 33.23% (As of Dec. 2023)

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What is Vesync 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. Vesync Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 33.23%.

Vesync Co ROCE % Historical Data

The historical data trend for Vesync 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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Vesync Co ROCE % Chart

Vesync Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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45.13

41.14

17.30

-6.53

28.48

Vesync Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							8.98	10.71	-24.44	22.84	33.23

Vesync Co ROCE % Calculation

Vesync 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 )
	=	695.103	/	( ( (3560.217 - 1309.909)	+	(4413.584 - 1782.571) )	/ 2 )
	=	695.103	/	( (2250.308	+	2631.013)	/ 2 )
	=	695.103	/	2440.6605
	=	28.48 %

Vesync Co'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 )
	=	850.628	/	( ( (3759.284 - 1271.421)	+	(4413.584 - 1782.571) )	/ 2 )
	=	850.628	/	( ( 2487.863	+	2631.013 )	/ 2 )
	=	850.628	/	2559.438
	=	33.23 %

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

Vesync Co (HKSE:02148) 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.

Vesync Co ROCE % Related Terms

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Vesync Co (HKSE:02148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Vesync Co Ltd (HKSE:02148) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1001 Zhongshan Park Road, Room 402 and 501–502, Block F3, TCL International E City, Nanshan District, Guangdong Province, Shenzhen, CHN

Website

https://www.vesync.com

Vesync focuses on the online marketing and sale of self-designed and self-developed small home appliances and smart home devices. In 2022, more than 80% of sales were generated through Amazon. The company owns three core brands: Levoit for home environment appliances, Etekcity for smart home gadgets, health monitoring devices, outdoor recreation products, and personal-care products, and Cosori for kitchen and dining appliances.

Executives

Yang Hai
Yang Lin
Yang Yuzheng
Chen Shuyong
Li Jisu
Xu Bo
North Point Trust Company L.l.c.
Caerus Co., Ltd
Karis I Llc
Karis Ii Llc
Siempre Ptc Llc
Swcs Trust Limited	2301 Trustee
Hhlr Advisors, Ltd.	2102 Investment manager
Hhlr Fund, L.p.	2101 Beneficial owner

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