Zbit Semiconductor (SHSE:688416) ROCE % : -8.24% (As of Sep. 2024)

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What is Zbit Semiconductor 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. Zbit Semiconductor's annualized ROCE % for the quarter that ended in Sep. 2024 was -8.24%.

Zbit Semiconductor ROCE % Historical Data

The historical data trend for Zbit Semiconductor'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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Zbit Semiconductor ROCE % Chart

Zbit Semiconductor Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.23

16.14

45.39

2.18

-10.41

Zbit Semiconductor Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial													-13.77	-13.34	-8.65	-10.99	-8.24

Zbit Semiconductor ROCE % Calculation

Zbit Semiconductor'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 )
	=	-170.279	/	( ( (1807.756 - 90.678)	+	(1657.008 - 104.185) )	/ 2 )
	=	-170.279	/	( (1717.078	+	1552.823)	/ 2 )
	=	-170.279	/	1634.9505
	=	-10.41 %

Zbit Semiconductor'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 )
	=	-120.9	/	( ( (1541.144 - 60.532)	+	(1518.411 - 65.048) )	/ 2 )
	=	-120.9	/	( ( 1480.612	+	1453.363 )	/ 2 )
	=	-120.9	/	1466.9875
	=	-8.24 %

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

Zbit Semiconductor (SHSE:688416) 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.

Zbit Semiconductor ROCE % Related Terms

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Zbit Semiconductor Business Description

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Northwest of the intersection of Tianshui Road and Taihe Road, Luyang University of Science and Technology Alumni Enterprise Innovation Park, Building 11, Luyang District, Anhui Province, Hefei, CHN, 230041

Website

http://www.zbitsemi.com

Zbit Semiconductor Inc is engaged in the research and development, design and sales of memory chips and MCU chips. The company's main products include NOR Flash memory chips and general-purpose 32-bit MCU chips based on Arm Cortex-M0+ core architecture.

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