Hi-Trend Technology (Shanghai) Co (SHSE:688391) ROCE % : 3.55% (As of Mar. 2024)

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What is Hi-Trend Technology (Shanghai) 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. Hi-Trend Technology (Shanghai) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.55%.

Hi-Trend Technology (Shanghai) Co ROCE % Historical Data

The historical data trend for Hi-Trend Technology (Shanghai) 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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Hi-Trend Technology (Shanghai) Co ROCE % Chart

Hi-Trend Technology (Shanghai) Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.06

28.26

38.06

17.03

5.92

Hi-Trend Technology (Shanghai) Co Quarterly Data
	Dec14	Jun15	Dec15	Dec16	Jun17	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.12	8.66	7.15	0.79	3.55

Hi-Trend Technology (Shanghai) Co ROCE % Calculation

Hi-Trend Technology (Shanghai) 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 )
	=	120.049	/	( ( (2187.875 - 179.168)	+	(2161.741 - 114.73) )	/ 2 )
	=	120.049	/	( (2008.707	+	2047.011)	/ 2 )
	=	120.049	/	2027.859
	=	5.92 %

Hi-Trend Technology (Shanghai) 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 )
	=	72.76	/	( ( (2161.741 - 114.73)	+	(2151.978 - 99.113) )	/ 2 )
	=	72.76	/	( ( 2047.011	+	2052.865 )	/ 2 )
	=	72.76	/	2049.938
	=	3.55 %

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

Hi-Trend Technology (Shanghai) Co (SHSE:688391) 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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Hi-Trend Technology (Shanghai) Co (SHSE:688391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hi-Trend Technology (Shanghai) Co Ltd (SHSE:688391) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1388 Zhangdong Road, Room 101, Building 16, Pilot Free Trade Zone, Shanghai, CHN, 201203

Website

https://www.hitrendtech.com

Hi-Trend Technology (Shanghai) Co Ltd is engaged in the research and development, design and sales of smart grid terminal equipment chips.

Executives

Yang Shi Cong	Director
Zhang Xu Ming	Senior management, core technical personnel
Zheng Wen Chang	senior management
Wang Yong	Core technical personnel

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