Circuit Fabology Microelectronics Equipment Co (SHSE:688630) ROCE % : 8.10% (As of Mar. 2024)

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What is Circuit Fabology Microelectronics Equipment 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. Circuit Fabology Microelectronics Equipment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.10%.

Circuit Fabology Microelectronics Equipment Co ROCE % Historical Data

The historical data trend for Circuit Fabology Microelectronics Equipment 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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Circuit Fabology Microelectronics Equipment Co ROCE % Chart

Circuit Fabology Microelectronics Equipment Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.28

19.86

16.48

14.00

12.04

Circuit Fabology Microelectronics Equipment Co Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.90	14.18	11.37	13.44	8.10

Circuit Fabology Microelectronics Equipment Co ROCE % Calculation

Circuit Fabology Microelectronics Equipment 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 )
	=	195.729	/	( ( (1546.661 - 407.549)	+	(2480.473 - 368.525) )	/ 2 )
	=	195.729	/	( (1139.112	+	2111.948)	/ 2 )
	=	195.729	/	1625.53
	=	12.04 %

Circuit Fabology Microelectronics Equipment 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 )
	=	171.572	/	( ( (2480.473 - 368.525)	+	(2513.707 - 389.427) )	/ 2 )
	=	171.572	/	( ( 2111.948	+	2124.28 )	/ 2 )
	=	171.572	/	2118.114
	=	8.10 %

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

Circuit Fabology Microelectronics Equipment Co (SHSE:688630) 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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Circuit Fabology Microelectronics Equipment Co (SHSE:688630) Business Description

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Address

2800 Chuangxin Avenue, Phase II, Innovation Industrial Park, 11th Floor, Building F3, High-tech Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.cfmee.cn

Circuit Fabology Microelectronics Equipment Co Ltd specializes in micro-nano direct writing, research and development and production of direct imaging equipment and direct-write lithography equipment with lithography as the core technology. The main products and services include printed circuit board direct imaging equipment and automatic line systems, pan-semiconductor direct writing lithography equipment and automatic line systems, and other laser direct imaging equipment.

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