Suzhou QingYue Optoelectronics Technology Co (SHSE:688496) ROCE % : -3.10% (As of Sep. 2024)

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What is Suzhou QingYue Optoelectronics 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. Suzhou QingYue Optoelectronics Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.10%.

Suzhou QingYue Optoelectronics Technology Co ROCE % Historical Data

The historical data trend for Suzhou QingYue Optoelectronics 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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Suzhou QingYue Optoelectronics Technology Co ROCE % Chart

Suzhou QingYue Optoelectronics Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.42

11.34

8.07

4.93

-8.72

Suzhou QingYue Optoelectronics Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												-9.73	-19.10	-2.31	-10.08	-3.10

Suzhou QingYue Optoelectronics Technology Co ROCE % Calculation

Suzhou QingYue Optoelectronics 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 )
	=	-137.104	/	( ( (2417.846 - 734.019)	+	(2021.958 - 561.009) )	/ 2 )
	=	-137.104	/	( (1683.827	+	1460.949)	/ 2 )
	=	-137.104	/	1572.388
	=	-8.72 %

Suzhou QingYue Optoelectronics Technology Co'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 )
	=	-43.18	/	( ( (1950.339 - 548.233)	+	(1844.667 - 458.258) )	/ 2 )
	=	-43.18	/	( ( 1402.106	+	1386.409 )	/ 2 )
	=	-43.18	/	1394.2575
	=	-3.10 %

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

Suzhou QingYue Optoelectronics Technology Co (SHSE:688496) 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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Suzhou QingYue Optoelectronics Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou QingYue Optoelectronics Technology Co Ltd (SHSE:688496) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 188, Chenfeng Road, High-tech Zone, Jiangsu Province, Kunshan, CHN, 215300

Website

http://www.qingyue-tech.com

Suzhou QingYue Optoelectronics Technology Co Ltd is a high-tech enterprise specializing in independent research and development, large-scale production, and marketing of OLED and other display devices. It focuses on new display solutions such as PMOLED, silicon-based OLED, and electronic paper. The products are widely used in smart home, smart wear, industrial control instruments, medical equipment, financial communication and other fields.

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