Shanghai Hollywave Electronic System Co (SHSE:688682) ROCE % : 0.63% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Shanghai Hollywave Electronic System 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 Hollywave Electronic System Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.63%.

Shanghai Hollywave Electronic System Co ROCE % Historical Data

The historical data trend for Shanghai Hollywave Electronic System 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.

* Premium members only.

Shanghai Hollywave Electronic System Co ROCE % Chart

Shanghai Hollywave Electronic System Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

27.44

27.01

18.20

8.95

5.37

Shanghai Hollywave Electronic System 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															4.20	2.75	6.63	7.99	0.63

Shanghai Hollywave Electronic System Co ROCE % Calculation

Shanghai Hollywave Electronic System 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 )
	=	37.636	/	( ( (904.277 - 215.459)	+	(916.205 - 202.848) )	/ 2 )
	=	37.636	/	( (688.818	+	713.357)	/ 2 )
	=	37.636	/	701.0875
	=	5.37 %

Shanghai Hollywave Electronic System 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 )
	=	4.472	/	( ( (916.205 - 202.848)	+	(903.661 - 202.324) )	/ 2 )
	=	4.472	/	( ( 713.357	+	701.337 )	/ 2 )
	=	4.472	/	707.347
	=	0.63 %

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

Shanghai Hollywave Electronic System Co (SHSE:688682) 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.

Shanghai Hollywave Electronic System Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shanghai Hollywave Electronic System Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Hollywave Electronic System Co (SHSE:688682) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Hollywave Electronic System Co Ltd (SHSE:688682) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.498 Guoshoujing Road, Room 16102, 1st Floor, Building 15, Pilot Free Trade Zone, Shanghai, CHN, 201203

Website

https://www.holly-wave.com

Shanghai Hollywave Electronic System Co Ltd is engaged in providing systems, software and services for testing and simulation in the field of radar and wireless communications.

Executives

Li Ji Long	Core technical personnel
Zhou Jian Hua	Directors, senior managers, core technical personn
Shen Hong	senior management
Lu Dan Min	Director
Ge Lu Ning	Senior management, core technical personnel
Ren Zhen	Core technical personnel
Fang Wei Zhong	Director
Zhang Jie Jun	Senior management, core technical personnel
Zhang Xu	senior management

Shanghai Hollywave Electronic System Co (SHSE:688682) Headlines

No Headlines