Hefei Chipmore Technology Co (SHSE:688352) ROCE % : 6.05% (As of Mar. 2024)

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What is Hefei Chipmore Technology 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. Hefei Chipmore Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.05%.

Hefei Chipmore Technology Co ROCE % Historical Data

The historical data trend for Hefei Chipmore Technology 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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Hefei Chipmore Technology Co ROCE % Chart

Hefei Chipmore Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

2.42

2.93

10.93

9.57

8.56

Hefei Chipmore Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								4.30	8.82	9.50	8.87	6.05

Hefei Chipmore Technology Co ROCE % Calculation

Hefei Chipmore Technology 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 )
	=	440.09	/	( ( (4823.07 - 725.466)	+	(7153.334 - 974.356) )	/ 2 )
	=	440.09	/	( (4097.604	+	6178.978)	/ 2 )
	=	440.09	/	5138.291
	=	8.56 %

Hefei Chipmore Technology Co'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 )
	=	375.504	/	( ( (7153.334 - 974.356)	+	(7116.133 - 884.509) )	/ 2 )
	=	375.504	/	( ( 6178.978	+	6231.624 )	/ 2 )
	=	375.504	/	6205.301
	=	6.05 %

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

Hefei Chipmore Technology Co (SHSE:688352) 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.

Hefei Chipmore Technology Co ROCE % Related Terms

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Hefei Chipmore Technology Co (SHSE:688352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hefei Chipmore Technology Co Ltd (SHSE:688352) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Comprehensive Free Trade Zone, Xinzhan District, Anhui Province, Hefei, CHN, 230011

Website

https://www.chipmore.com.cn

Hefei Chipmore Technology Co Ltd is a high-end advanced packaging and testing service provider for integrated circuits. It can provide customers with a full range of comprehensive integrated circuit packaging and testing services, covering display driver chips, power management chips, RF front-end chips and other products.

Executives

Wang Xiao Feng

Core technical personnel

Hefei Chipmore Technology Co (SHSE:688352) Headlines

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