Shanghai New Vision Microelectronics Co (SHSE:688593) ROCE % : 1.66% (As of Sep. 2024)

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What is Shanghai New Vision Microelectronics 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 New Vision Microelectronics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.66%.

Shanghai New Vision Microelectronics Co ROCE % Historical Data

The historical data trend for Shanghai New Vision Microelectronics 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 New Vision Microelectronics Co ROCE % Chart

Shanghai New Vision Microelectronics Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-43.91

33.06

57.88

20.16

2.13

Shanghai New Vision Microelectronics Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial										-1.43	-1.97	-3.89	1.83	1.66

Shanghai New Vision Microelectronics Co ROCE % Calculation

Shanghai New Vision Microelectronics 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 )
	=	24.054	/	( ( (740.952 - 84.446)	+	(1798.322 - 193.387) )	/ 2 )
	=	24.054	/	( (656.506	+	1604.935)	/ 2 )
	=	24.054	/	1130.7205
	=	2.13 %

Shanghai New Vision Microelectronics 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 )
	=	26.2	/	( ( (1807.096 - 228.812)	+	(1817.746 - 245.243) )	/ 2 )
	=	26.2	/	( ( 1578.284	+	1572.503 )	/ 2 )
	=	26.2	/	1575.3935
	=	1.66 %

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

Shanghai New Vision Microelectronics Co (SHSE:688593) 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 New Vision Microelectronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai New Vision Microelectronics Co Ltd (SHSE:688593) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 680, Guiping Road, 7th Floor, Building 31, Xuhui District, Shanghai, CHN, 200233

Website

http://www.newvisionu.com.cn

Shanghai New Vision Microelectronics Co Ltd is engaged in research & Development, design and sales of display chips. The company is committed to providing new display IC products and system solutions. It has formed nearly a hundred new display IC and power supply IC products covering smart wearables, mobile phones, tablets, monitors, notebooks, TVs, Etc., and has long committed to TFT-LCD, AMOLED display driver chips, and power management chips.

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