Rayitek Hi-Tech Film Co (SHSE:688323) ROCE % : -0.50% (As of Dec. 2024)

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What is Rayitek Hi-Tech Film 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. Rayitek Hi-Tech Film Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -0.50%.

Rayitek Hi-Tech Film Co ROCE % Historical Data

The historical data trend for Rayitek Hi-Tech Film 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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Rayitek Hi-Tech Film Co ROCE % Chart

Rayitek Hi-Tech Film Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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8.78

6.66

3.08

-0.09

-1.20

Rayitek Hi-Tech Film Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-0.93	-1.45	-2.21	-0.55	-0.50

Rayitek Hi-Tech Film Co ROCE % Calculation

Rayitek Hi-Tech Film Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-25.348	/	( ( (2447.369 - 295.272)	+	(2563.947 - 485.715) )	/ 2 )
	=	-25.348	/	( (2152.097	+	2078.232)	/ 2 )
	=	-25.348	/	2115.1645
	=	-1.20 %

Rayitek Hi-Tech Film Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-10.68	/	( ( (2486.872 - 312.778)	+	(2563.947 - 485.715) )	/ 2 )
	=	-10.68	/	( ( 2174.094	+	2078.232 )	/ 2 )
	=	-10.68	/	2126.163
	=	-0.50 %

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

Rayitek Hi-Tech Film Co (SHSE:688323) 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.

Rayitek Hi-Tech Film Co ROCE % Related Terms

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Rayitek Hi-Tech Film Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rayitek Hi-Tech Film Co Ltd (SHSE:688323) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Huamei Industrial Park, Songgang Subdistrict Office, Baoan District, Shenzhen, CHN, 518105

Website

http://www.rayitek.com

Rayitek Hi-Tech Film Co Ltd is engaged in the research and development, production and sales of high-performance PI films. The main product series include thermal control series PI films, electronic series PI films, electrical series PI films, functional PI films and others which are widely used in flexible circuit boards, consumer electronics, high-speed rail transit, wind power generation, 5G communications, flexible displays, aerospace Aviation and other high-tech industries.

Executives

Xu Fei	Core technical personnel
Yu Feng	Director

Rayitek Hi-Tech Film Co Headlines

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