Chengdu Screen Micro-electronics Co (SHSE:688053) ROCE % : 1.03% (As of Mar. 2024)

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What is Chengdu Screen Micro-electronics 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. Chengdu Screen Micro-electronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.03%.

Chengdu Screen Micro-electronics Co ROCE % Historical Data

The historical data trend for Chengdu Screen Micro-electronics 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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Chengdu Screen Micro-electronics Co ROCE % Chart

Chengdu Screen Micro-electronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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39.68

50.18

41.49

10.80

2.78

Chengdu Screen Micro-electronics Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												6.41	3.64	3.00	-1.87	1.03

Chengdu Screen Micro-electronics Co ROCE % Calculation

Chengdu Screen Micro-electronics 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 )
	=	48.152	/	( ( (1734.348 - 51.866)	+	(1842.516 - 56.424) )	/ 2 )
	=	48.152	/	( (1682.482	+	1786.092)	/ 2 )
	=	48.152	/	1734.287
	=	2.78 %

Chengdu Screen Micro-electronics 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 )
	=	18.28	/	( ( (1842.516 - 56.424)	+	(1833.422 - 54.827) )	/ 2 )
	=	18.28	/	( ( 1786.092	+	1778.595 )	/ 2 )
	=	18.28	/	1782.3435
	=	1.03 %

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

Chengdu Screen Micro-electronics Co (SHSE:688053) 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.

Chengdu Screen Micro-electronics Co ROCE % Related Terms

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Chengdu Screen Micro-electronics Co (SHSE:688053) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Screen Micro-electronics Co Ltd (SHSE:688053) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, Tianhong Road, High-tech Zone (West Zone), Sichuan Province, Chengdu, CHN, 610041

Website

http://www.cd-screen.cn

Chengdu Screen Micro-electronics Co Ltd is a national high-tech enterprise for service items such as failure analysis, environmental reliability test, and quality reliability analysis.

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