Ingdan (STU:7C3) ROCE % : 8.45% (As of Dec. 2023)

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What is Ingdan 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. Ingdan's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.45%.

Ingdan ROCE % Historical Data

The historical data trend for Ingdan'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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Ingdan ROCE % Chart

Ingdan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.72

4.65

10.81

11.24

8.89

Ingdan Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															12.09	10.74	11.82	9.21	8.45

Ingdan ROCE % Calculation

Ingdan'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 )
	=	60.116	/	( ( (1314.134 - 625.709)	+	(1309.487 - 645.278) )	/ 2 )
	=	60.116	/	( (688.425	+	664.209)	/ 2 )
	=	60.116	/	676.317
	=	8.89 %

Ingdan's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	57.116	/	( ( (1462.156 - 774.404)	+	(1309.487 - 645.278) )	/ 2 )
	=	57.116	/	( ( 687.752	+	664.209 )	/ 2 )
	=	57.116	/	675.9805
	=	8.45 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Ingdan (STU:7C3) 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.

Ingdan ROCE % Related Terms

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Ingdan (STU:7C3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ingdan Inc (STU:7C3) » Definitions » ROCE %

Comparable Companies

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00400:Hong Kong 7C3:Germany

Address

No. 55 Gaoxin South 9th Road, 11th Floor, Microsoft Comtech Tower, Nanshan, Shenzhen, CHN, 518057

Website

https://ingdangroup.com

Ingdan Inc provides a technology services platform (iPaaS) serving the global integrated circuits chips industry and AIoT ecosystem in China. The Group operates under a dual-platform model, Comtech, a technology services platform for the chip industry, and Ingdan, a platform providing AIoT technology and services. The two platforms form the Comtech plus Ingdan development model, serving the chip-device-cloud AIoT industry chain, so as to provide technical integration solutions, marketing solutions, and distribution services to customers.

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