Shanghai Bright Power Semiconductor Co (SHSE:688368) ROCE % : -4.60% (As of Mar. 2024)

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What is Shanghai Bright Power Semiconductor 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. Shanghai Bright Power Semiconductor Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.60%.

Shanghai Bright Power Semiconductor Co ROCE % Historical Data

The historical data trend for Shanghai Bright Power Semiconductor 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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Shanghai Bright Power Semiconductor Co ROCE % Chart

Shanghai Bright Power Semiconductor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.52

5.84

46.97

-8.22

-2.78

Shanghai Bright Power Semiconductor Co 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															-11.42	-4.01	14.14	-10.09	-4.60

Shanghai Bright Power Semiconductor Co ROCE % Calculation

Shanghai Bright Power Semiconductor 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 )
	=	-49.049	/	( ( (2516.32 - 679.454)	+	(2373.078 - 683.431) )	/ 2 )
	=	-49.049	/	( (1836.866	+	1689.647)	/ 2 )
	=	-49.049	/	1763.2565
	=	-2.78 %

Shanghai Bright Power Semiconductor 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 )
	=	-76.344	/	( ( (2373.078 - 683.431)	+	(2193.454 - 564.309) )	/ 2 )
	=	-76.344	/	( ( 1689.647	+	1629.145 )	/ 2 )
	=	-76.344	/	1659.396
	=	-4.60 %

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

Shanghai Bright Power Semiconductor Co (SHSE:688368) 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.

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Shanghai Bright Power Semiconductor Co (SHSE:688368) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shanghai Bright Power Semiconductor Co Ltd (SHSE:688368) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 2, Lane 666, Zhangheng Road, Room 504-511, 5th Floor, Pilot Free Trade Zone, Shanghai, CHN, 201203

Website

http://www.bpsemi.com

Shanghai Bright Power Semiconductor Co Ltd is a analog and mixed-signal IC design company in China. It offers LED lightning and motor driven products.

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