Appotronics (SHSE:688007) ROCE % : 7.22% (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Appotronics 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. Appotronics's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.22%.

Appotronics ROCE % Historical Data

The historical data trend for Appotronics'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.

* Premium members only.

Appotronics ROCE % Chart

Appotronics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

16.83

5.51

11.38

1.66

1.73

Appotronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.67	5.98	5.33	-6.51	7.22

Appotronics ROCE % Calculation

Appotronics'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 )
	=	56.311	/	( ( (4333.35 - 1088.677)	+	(4220.571 - 973.695) )	/ 2 )
	=	56.311	/	( (3244.673	+	3246.876)	/ 2 )
	=	56.311	/	3245.7745
	=	1.73 %

Appotronics'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 )
	=	235.824	/	( ( (4220.571 - 973.695)	+	(4167.617 - 882.857) )	/ 2 )
	=	235.824	/	( ( 3246.876	+	3284.76 )	/ 2 )
	=	235.824	/	3265.818
	=	7.22 %

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

Appotronics (SHSE:688007) 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.

Appotronics ROCE % Related Terms

Thank you for viewing the detailed overview of Appotronics's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Appotronics (SHSE:688007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Appotronics Corp Ltd (SHSE:688007) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 63 Xuefu Road, Yuehai Street, 20-22 Floor, Hi-Tech Zone, Union Tower, Nanshan District, Guangdong Province, Shenzhen, CHN, 518052

Website

https://www.appotronics.com

Appotronics Corp Ltd is a China based company involved in the research and innovation of laser display technology and products. The company offers various laser display products namely Digital cinema projector, Venue projector, Education projector, Ultra mobile projector, and others. Geographically, it derives a majority of revenue from China.

Executives

Wang Lin	Core technical personnel
Yu Xin	Core technical personnel
Hu Fei	Core technical personnel
Guo Zu Qiang	Core technical personnel
Wang Ze Qin	Core technical personnel
Chen Ya Sha	senior management
Wang Ying Xia	Directors, senior managers
Wu Xi Liang	Director
Bao Lian Ming	Directors, senior managers
Li Lu	senior management
Zhao Rui Jin	senior management
Wu Bin	senior management
Yan Li	senior management

Appotronics (SHSE:688007) Headlines

No Headlines