Hangzhou SDIC Microelectronics (SHSE:688130) ROCE % : -0.35% (As of Mar. 2024)

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What is Hangzhou SDIC Microelectronics 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 SDIC Microelectronics's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.35%.

Hangzhou SDIC Microelectronics ROCE % Historical Data

The historical data trend for Hangzhou SDIC Microelectronics'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 SDIC Microelectronics ROCE % Chart

Hangzhou SDIC Microelectronics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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54.86

132.74

33.76

2.57

-1.45

Hangzhou SDIC Microelectronics Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											0.49	-0.99	0.30	-5.63	-0.35

Hangzhou SDIC Microelectronics ROCE % Calculation

Hangzhou SDIC Microelectronics'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 )
	=	-18.748	/	( ( (1346.539 - 35.168)	+	(1293.518 - 22.605) )	/ 2 )
	=	-18.748	/	( (1311.371	+	1270.913)	/ 2 )
	=	-18.748	/	1291.142
	=	-1.45 %

Hangzhou SDIC Microelectronics'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 )
	=	-4.464	/	( ( (1293.518 - 22.605)	+	(1282.483 - 10.628) )	/ 2 )
	=	-4.464	/	( ( 1270.913	+	1271.855 )	/ 2 )
	=	-4.464	/	1271.384
	=	-0.35 %

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

Hangzhou SDIC Microelectronics (SHSE:688130) 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 SDIC Microelectronics ROCE % Related Terms

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Hangzhou SDIC Microelectronics (SHSE:688130) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hangzhou SDIC Microelectronics Inc (SHSE:688130) » Definitions » ROCE %

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Address

No. 351, Changhe Road, Changhe Street, Room 501, Block A, 5th Floor, Building 4, Binjiang District, Zhejiang Provinc, Hangzhou, CHN, 310052

Website

https://www.sdicmicro.cn

Hangzhou SDIC Microelectronics Inc is engaged in the research and development and sales of high-performance analog and digital-analog hybrid integrated circuits.

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