Shenzhen Qingyi Photomask (SHSE:688138) ROCE % : 15.19% (As of Mar. 2024)

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What is Shenzhen Qingyi Photomask 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. Shenzhen Qingyi Photomask's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.19%.

Shenzhen Qingyi Photomask ROCE % Historical Data

The historical data trend for Shenzhen Qingyi Photomask'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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Shenzhen Qingyi Photomask ROCE % Chart

Shenzhen Qingyi Photomask Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.72

7.57

4.48

7.58

10.26

Shenzhen Qingyi Photomask 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															6.15	10.57	13.09	11.55	15.19

Shenzhen Qingyi Photomask ROCE % Calculation

Shenzhen Qingyi Photomask'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 )
	=	155.682	/	( ( (1743.036 - 285.461)	+	(2076.683 - 499.777) )	/ 2 )
	=	155.682	/	( (1457.575	+	1576.906)	/ 2 )
	=	155.682	/	1517.2405
	=	10.26 %

Shenzhen Qingyi Photomask'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 )
	=	247.264	/	( ( (2076.683 - 499.777)	+	(2225.936 - 548.284) )	/ 2 )
	=	247.264	/	( ( 1576.906	+	1677.652 )	/ 2 )
	=	247.264	/	1627.279
	=	15.19 %

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

Shenzhen Qingyi Photomask (SHSE:688138) 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.

Shenzhen Qingyi Photomask ROCE % Related Terms

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Shenzhen Qingyi Photomask (SHSE:688138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Qingyi Photomask Ltd (SHSE:688138) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road Langshang two, North of High-tech Park, Building QingYi Photoelectric, Shenzhen, CHN

Website

http://en.supermask.com/

Shenzhen Qingyi Photomask Ltd is a manufacturer of high precision mask that integrates research, design, production and sales with the technology in China. Its products include TFT, color STN, STN and TNLCD chrome plate mask, EL, OLED chrome plate mask; PDP, VFD chrome plate mask, and IC capsulation, HDI, including chrome plate mask and dry mask, such as BGA, CSP, and BUMPING.

Executives

Hao Ming Yi	Core technical personnel
Hou Hong Hao	Core technical personnel
Xiong Qi Long	Core technical personnel
Qin Shen	senior management
Deng Zhen Yu	Core technical personnel
Chen Hai Ying	Supervisors

Shenzhen Qingyi Photomask (SHSE:688138) Headlines

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