Beijing YanDong MicroElectronic Co (SHSE:688172) ROCE % : -3.60% (As of Sep. 2024)

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What is Beijing YanDong MicroElectronic 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. Beijing YanDong MicroElectronic Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.60%.

Beijing YanDong MicroElectronic Co ROCE % Historical Data

The historical data trend for Beijing YanDong MicroElectronic 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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Beijing YanDong MicroElectronic Co ROCE % Chart

Beijing YanDong MicroElectronic Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-3.32

0.30

7.22

3.92

2.93

Beijing YanDong MicroElectronic Co Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial											2.21	2.15	0.47	-1.43	-3.60

Beijing YanDong MicroElectronic Co ROCE % Calculation

Beijing YanDong MicroElectronic 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 )
	=	481.449	/	( ( (17824.654 - 1522.713)	+	(18484.431 - 1908.605) )	/ 2 )
	=	481.449	/	( (16301.941	+	16575.826)	/ 2 )
	=	481.449	/	16438.8835
	=	2.93 %

Beijing YanDong MicroElectronic Co'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 )
	=	-591.16	/	( ( (18224.709 - 1758.203)	+	(18357.056 - 1936.555) )	/ 2 )
	=	-591.16	/	( ( 16466.506	+	16420.501 )	/ 2 )
	=	-591.16	/	16443.5035
	=	-3.60 %

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

Beijing YanDong MicroElectronic Co (SHSE:688172) 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.

Beijing YanDong MicroElectronic Co ROCE % Related Terms

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Beijing YanDong MicroElectronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Beijing YanDong MicroElectronic Co Ltd (SHSE:688172) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

West Eight Room, Dongzhimenwai, Chaoyang District, Beijing, CHN, 100176

Website

http://www.ydme.com

Beijing YanDong MicroElectronic Co Ltd is a semiconductor company integrating chip design, wafer manufacturing, packaging and testing.

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