Guizhou Zhenhua Fengguang Semiconductor Co (SHSE:688439) ROCE % : 13.28% (As of Mar. 2024)

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What is Guizhou Zhenhua Fengguang 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. Guizhou Zhenhua Fengguang Semiconductor Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.28%.

Guizhou Zhenhua Fengguang Semiconductor Co ROCE % Historical Data

The historical data trend for Guizhou Zhenhua Fengguang 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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Guizhou Zhenhua Fengguang Semiconductor Co ROCE % Chart

Guizhou Zhenhua Fengguang Semiconductor Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.12

37.72

44.96

15.49

15.36

Guizhou Zhenhua Fengguang Semiconductor Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											15.14	14.60	14.97	17.08	13.28

Guizhou Zhenhua Fengguang Semiconductor Co ROCE % Calculation

Guizhou Zhenhua Fengguang 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 )
	=	711.718	/	( ( (4819.93 - 436.014)	+	(5360.468 - 479.188) )	/ 2 )
	=	711.718	/	( (4383.916	+	4881.28)	/ 2 )
	=	711.718	/	4632.598
	=	15.36 %

Guizhou Zhenhua Fengguang 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 )
	=	657.392	/	( ( (5360.468 - 479.188)	+	(5563.437 - 542.472) )	/ 2 )
	=	657.392	/	( ( 4881.28	+	5020.965 )	/ 2 )
	=	657.392	/	4951.1225
	=	13.28 %

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

Guizhou Zhenhua Fengguang Semiconductor Co (SHSE:688439) 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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Guizhou Zhenhua Fengguang Semiconductor Co (SHSE:688439) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Guizhou Zhenhua Fengguang Semiconductor Co Ltd (SHSE:688439) » Definitions » ROCE %

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Address

No. 238, North Section of Xintian Avenue, Wudang District, Guizhou Province, Guiyang, CHN, 550018

Website

http://www.semifg.com

Guizhou Zhenhua Fengguang Semiconductor Co Ltd is engaged in the design, packaging, testing and sales High reliability integrated circuits.

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