Fujian Torch Electron Technology Co (SHSE:603678) ROCE % : -1.96% (As of Dec. 2024)

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What is Fujian Torch Electron Technology 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. Fujian Torch Electron Technology Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -1.96%.

Fujian Torch Electron Technology Co ROCE % Historical Data

The historical data trend for Fujian Torch Electron Technology 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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Fujian Torch Electron Technology Co ROCE % Chart

Fujian Torch Electron Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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20.16

24.32

17.17

6.23

3.67

Fujian Torch Electron Technology Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															2.60	5.41	6.60	4.53	-1.96

Fujian Torch Electron Technology Co ROCE % Calculation

Fujian Torch Electron Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	245.645	/	( ( (7919.674 - 1248.374)	+	(7707.478 - 997.815) )	/ 2 )
	=	245.645	/	( (6671.3	+	6709.663)	/ 2 )
	=	245.645	/	6690.4815
	=	3.67 %

Fujian Torch Electron Technology Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-131.748	/	( ( (7613.3 - 851.546)	+	(7707.478 - 997.815) )	/ 2 )
	=	-131.748	/	( ( 6761.754	+	6709.663 )	/ 2 )
	=	-131.748	/	6735.7085
	=	-1.96 %

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

Fujian Torch Electron Technology Co (SHSE:603678) 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.

Fujian Torch Electron Technology Co ROCE % Related Terms

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Fujian Torch Electron Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fujian Torch Electron Technology Co Ltd (SHSE:603678) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 4 Zihua Road, Jiangnan Yuan, Jiangnan High-tech Electronic Information Park, Licheng District, Fujian, Quanzhou, CHN, 362000

Website

http://www.torch.cn

Fujian Torch Electron Technology Co Ltd is engaged in the research and development, production, sales and service work of ceramic capacitors. The company's product profile includes Chip multilayer ceramic capacitor, Molded surface mount ceramic capacitor, Coating lead type multilayer ceramic capacitor, and others.

Executives

Cai Jin Jun	Directors, senior managers
Wang Qiang	senior management
Hong Li Ling	Supervisors
Zhang Zi Shan	Directors, senior managers
Chen Wan Xia	Directors, senior managers
Cai Ming Tong	Director
Cai Jin Xuan	Supervisors
Zheng Qiu Wan	Supervisors
Chen Pei Yang	senior management
Chen Xiao Yin	Supervisors
Zheng Ping	Director
Chen Shi Zong	senior management
Li Hai Song	senior management

Fujian Torch Electron Technology Co Headlines

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