Focuslight Technologies (SHSE:688167) ROCE % : -3.22% (As of Sep. 2024)

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What is Focuslight Technologies 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. Focuslight Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.22%.

Focuslight Technologies ROCE % Historical Data

The historical data trend for Focuslight Technologies'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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Focuslight Technologies ROCE % Chart

Focuslight Technologies Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-22.22

6.89

5.12

6.07

4.00

Focuslight Technologies Quarterly Data
	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															3.34	8.79	-2.57	-1.25	-3.22

Focuslight Technologies ROCE % Calculation

Focuslight Technologies'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 )
	=	99.515	/	( ( (2707.431 - 209.48)	+	(2629.364 - 148.015) )	/ 2 )
	=	99.515	/	( (2497.951	+	2481.349)	/ 2 )
	=	99.515	/	2489.65
	=	4.00 %

Focuslight Technologies'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 )
	=	-91.116	/	( ( (2907.698 - 150.052)	+	(3125.229 - 230.827) )	/ 2 )
	=	-91.116	/	( ( 2757.646	+	2894.402 )	/ 2 )
	=	-91.116	/	2826.024
	=	-3.22 %

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

Focuslight Technologies (SHSE:688167) 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.

Focuslight Technologies ROCE % Related Terms

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Focuslight Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Focuslight Technologies Inc (SHSE:688167) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 56, Zhangbalu Road, High-tech Zone, Shaanxi Province, Xi'an City, CHN, 710077

Website

https://www.focuslight.com

Focuslight Technologies Inc is engaged in the research and development, production and sales of high-power semiconductor laser components and laser optical components upstream of the laser industry.

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