Quectel Wireless Solutions Co (SHSE:603236) ROCE % : 11.68% (As of Sep. 2024)

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What is Quectel Wireless Solutions 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. Quectel Wireless Solutions Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.68%.

Quectel Wireless Solutions Co ROCE % Historical Data

The historical data trend for Quectel Wireless Solutions 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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Quectel Wireless Solutions Co ROCE % Chart

Quectel Wireless Solutions Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.83

10.42

14.05

16.06

3.20

Quectel Wireless Solutions Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															8.42	8.83	5.19	12.50	11.68

Quectel Wireless Solutions Co ROCE % Calculation

Quectel Wireless Solutions 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 )
	=	166.537	/	( ( (10273.685 - 5525.19)	+	(11233.006 - 5575.186) )	/ 2 )
	=	166.537	/	( (4748.495	+	5657.82)	/ 2 )
	=	166.537	/	5203.1575
	=	3.20 %

Quectel Wireless Solutions Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	658.3	/	( ( (11385.691 - 5677.774)	+	(11757.755 - 6196.091) )	/ 2 )
	=	658.3	/	( ( 5707.917	+	5561.664 )	/ 2 )
	=	658.3	/	5634.7905
	=	11.68 %

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

Quectel Wireless Solutions Co (SHSE:603236) 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.

Quectel Wireless Solutions Co ROCE % Related Terms

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Quectel Wireless Solutions Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quectel Wireless Solutions Co Ltd (SHSE:603236) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1016 Tianlin Road, Building 5, Shanghai Business Park, Minhang District, Shanghai, CHN, 200233

Website

https://www.quectel.com

Quectel Wireless Solutions Co Ltd is engaged in the design, development of cellular communication modules. It primarily supplies 5G, LTE, LTE-A, LPWA, Smart Module, C-V2X, GSM/GPRS and GNSS modules.

Executives

Qian Peng He	Directors, senior managers
Zhang Dong	Directors, senior managers
Zheng Lei	senior management
Yang Zhong Zhi	senior management
Huang Zhong Lin	Director

Quectel Wireless Solutions Co Headlines

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