Hangzhou MDK Opto Electronic (SHSE:688079) ROCE % : -1.94% (As of Sep. 2024)

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What is Hangzhou MDK Opto Electronic 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. Hangzhou MDK Opto Electronic's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.94%.

Hangzhou MDK Opto Electronic ROCE % Historical Data

The historical data trend for Hangzhou MDK Opto Electronic'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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Hangzhou MDK Opto Electronic ROCE % Chart

Hangzhou MDK Opto Electronic Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.94

25.82

9.04

1.12

-5.52

Hangzhou MDK Opto Electronic 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															-9.01	-5.12	-5.26	-5.85	-1.94

Hangzhou MDK Opto Electronic ROCE % Calculation

Hangzhou MDK Opto Electronic'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 )
	=	-99.863	/	( ( (1909.07 - 214.961)	+	(2277.225 - 356.067) )	/ 2 )
	=	-99.863	/	( (1694.109	+	1921.158)	/ 2 )
	=	-99.863	/	1807.6335
	=	-5.52 %

Hangzhou MDK Opto Electronic'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 )
	=	-41.292	/	( ( (2542.741 - 551.594)	+	(2851.519 - 582.159) )	/ 2 )
	=	-41.292	/	( ( 1991.147	+	2269.36 )	/ 2 )
	=	-41.292	/	2130.2535
	=	-1.94 %

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

Hangzhou MDK Opto Electronic (SHSE:688079) 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.

Hangzhou MDK Opto Electronic ROCE % Related Terms

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Hangzhou MDK Opto Electronic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hangzhou MDK Opto Electronic Corp Ltd (SHSE:688079) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 578, No. 20 Street, Baiyang Street, Building 3, Economic and Technological Development Zone, Zhejiang Province, Hangzhou, CHN, 310018

Website

http://www.chinamdk.com

Hangzhou MDK Opto Electronic Corp Ltd is engaged in the production and sale of optoelectronic components.

Executives

Ge Wen Zhi

Directors, senior managers

Hangzhou MDK Opto Electronic Headlines

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