Espressif Systems (Shanghai) Co (SHSE:688018) ROCE % : 16.05% (As of Dec. 2024)

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What is Espressif Systems (Shanghai) 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. Espressif Systems (Shanghai) Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 16.05%.

Espressif Systems (Shanghai) Co ROCE % Historical Data

The historical data trend for Espressif Systems (Shanghai) 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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Espressif Systems (Shanghai) Co ROCE % Chart

Espressif Systems (Shanghai) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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6.28

11.65

4.59

5.48

15.59

Espressif Systems (Shanghai) 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															8.23	10.48	18.07	19.27	16.05

Espressif Systems (Shanghai) Co ROCE % Calculation

Espressif Systems (Shanghai) 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 )
	=	333.936	/	( ( (2203.8 - 216.633)	+	(2649.465 - 353.14) )	/ 2 )
	=	333.936	/	( (1987.167	+	2296.325)	/ 2 )
	=	333.936	/	2141.746
	=	15.59 %

Espressif Systems (Shanghai) 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 )
	=	357.976	/	( ( (2487.53 - 324.332)	+	(2649.465 - 353.14) )	/ 2 )
	=	357.976	/	( ( 2163.198	+	2296.325 )	/ 2 )
	=	357.976	/	2229.7615
	=	16.05 %

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

Espressif Systems (Shanghai) Co (SHSE:688018) 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.

Espressif Systems (Shanghai) Co ROCE % Related Terms

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Espressif Systems (Shanghai) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Espressif Systems (Shanghai) Co Ltd (SHSE:688018) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 690, Bibo Road, Room 204, Building 2, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 201203

Website

https://www.espressif.com

Espressif Systems (Shanghai) Co Ltd is primarily engaged in development, design and sales of Wi-Fi MCU communication chips and their modules from the internet of things.

Executives

Wang Qiang	Core technical personnel
Fu Yun Sheng	Core technical personnel
Jiang Jiang Jian	Core technical personnel
Wu Jian Gang	Core technical personnel
Wang Dong	Core technical personnel
Wang Jue	senior management
Shao Jing Bo	senior management
Cai Min Jie	Director
	Core technical personnel
	Core technical personnel
	Core technical personnel

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