Shanghai Fudan Microelectronics Group Co (Shanghai Fudan Microelectronics Group Co) ROCE % : 11.24% (As of Mar. 2024)

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What is Shanghai Fudan Microelectronics Group 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. Shanghai Fudan Microelectronics Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.24%.

Shanghai Fudan Microelectronics Group Co ROCE % Historical Data

The historical data trend for Shanghai Fudan Microelectronics Group 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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Shanghai Fudan Microelectronics Group Co ROCE % Chart

Shanghai Fudan Microelectronics Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.84

8.42

20.66

25.06

13.15

Shanghai Fudan Microelectronics Group Co Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.83	18.02	12.44	6.82	11.24

Shanghai Fudan Microelectronics Group Co ROCE % Calculation

Shanghai Fudan Microelectronics Group 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 )
	=	109.218	/	( ( (876.528 - 129.649)	+	(1178.027 - 263.203) )	/ 2 )
	=	109.218	/	( (746.879	+	914.824)	/ 2 )
	=	109.218	/	830.8515
	=	13.15 %

Shanghai Fudan Microelectronics Group 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 )
	=	103.272	/	( ( (1178.027 - 263.203)	+	(1179.745 - 257.662) )	/ 2 )
	=	103.272	/	( ( 914.824	+	922.083 )	/ 2 )
	=	103.272	/	918.4535
	=	11.24 %

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

Shanghai Fudan Microelectronics Group Co (OTCPK:SFDMY) 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.

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Shanghai Fudan Microelectronics Group Co (Shanghai Fudan Microelectronics Group Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shanghai Fudan Microelectronics Group Co Ltd (OTCPK:SFDMY) » Definitions » ROCE %

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01385:Hong Kong FUD:Germany 688385:China

Address

98 Granville Road, Flat 6, 5th Floor, East Ocean Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG

Website

http://www.fmsh.com

Shanghai Fudan Microelectronics Group Company Limited is principally engaged in the integrated circuit (IC) related businesses. The Company operates through two business segments: the design, development and sales of IC products segment and the provision of testing services for IC products segment. The Company is also engaged in the production of probe cards, the development and sales of hardware and software of computers, electronic products and communication equipment and the provision of investment management and consultancy services, research and consultancy services of IC technology and research and consultancy services of computer and network technology through its subsidiaries.

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