ShenZhen Longtu Photomask Co (SHSE:688721) ROCE % : 10.73% (As of Sep. 2024)

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What is ShenZhen Longtu Photomask 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. ShenZhen Longtu Photomask Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.73%.

ShenZhen Longtu Photomask Co ROCE % Historical Data

The historical data trend for ShenZhen Longtu Photomask 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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ShenZhen Longtu Photomask Co ROCE % Chart

ShenZhen Longtu Photomask Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

37.05

64.52

25.06

17.78

ShenZhen Longtu Photomask Co Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial						19.41	14.39	18.81	18.03	10.73

ShenZhen Longtu Photomask Co ROCE % Calculation

ShenZhen Longtu Photomask 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 )
	=	92.349	/	( ( (513.821 - 38.874)	+	(631.586 - 67.558) )	/ 2 )
	=	92.349	/	( (474.947	+	564.028)	/ 2 )
	=	92.349	/	519.4875
	=	17.78 %

ShenZhen Longtu Photomask 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 )
	=	98.432	/	( ( (779.284 - 135.516)	+	(1288.688 - 97.073) )	/ 2 )
	=	98.432	/	( ( 643.768	+	1191.615 )	/ 2 )
	=	98.432	/	917.6915
	=	10.73 %

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

ShenZhen Longtu Photomask Co (SHSE:688721) 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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ShenZhen Longtu Photomask Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ShenZhen Longtu Photomask Co Ltd (SHSE:688721) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

North of Xinyu Road, Xinqiao Street, Room 101, Building 4, St. George Technology Industrial Park, Xiangshan Community, Bao\'an District, Guangdong, Shenzhen, CHN, 518125

Website

http://www.starmask.cn

ShenZhen Longtu Photomask Co Ltd is engaged in research and development, production and sales of semiconductor masks. Its products include Quartz Mask and Soda Mask.

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