Shenzhen Infinvoa (SZSE:002528) ROCE % : -16.63% (As of Mar. 2024)

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What is Shenzhen Infinvoa 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 Infinvoa's annualized ROCE % for the quarter that ended in Mar. 2024 was -16.63%.

Shenzhen Infinvoa ROCE % Historical Data

The historical data trend for Shenzhen Infinvoa'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 Infinvoa ROCE % Chart

Shenzhen Infinvoa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.26

4.02

-36.49

-42.24

-60.96

Shenzhen Infinvoa Quarterly Data
	Jun19	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															-7.79	-10.12	-75.45	-134.90	-16.63

Shenzhen Infinvoa ROCE % Calculation

Shenzhen Infinvoa'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 )
	=	-704.126	/	( ( (4304.088 - 2875.885)	+	(2934.185 - 2052.224) )	/ 2 )
	=	-704.126	/	( (1428.203	+	881.961)	/ 2 )
	=	-704.126	/	1155.082
	=	-60.96 %

Shenzhen Infinvoa'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 )
	=	-142.688	/	( ( (2934.185 - 2052.224)	+	(2811.29 - 1977.719) )	/ 2 )
	=	-142.688	/	( ( 881.961	+	833.571 )	/ 2 )
	=	-142.688	/	857.766
	=	-16.63 %

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

Shenzhen Infinvoa (SZSE:002528) 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.

Shenzhen Infinvoa ROCE % Related Terms

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Shenzhen Infinvoa (SZSE:002528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shenzhen Infinvoa Ltd (SZSE:002528) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

6/F NO.H-3, Huaqiaocheng Ind, Shenzhen, CHN, 518110

Website

http://www.infinova.com.cn

Shenzhen Infinvoa Ltd is a China-based company engaged in the research, development, design, manufacture, and distribution of electronic security products. Its main products include Explosion Proof Camera, Fixed Cameras, Fixed Minidome Cameras, Zoom Cameras and Encoders and Decoders. The company distributes its products in domestic market and to overseas markets.

Executives

	Directors, executives
Guo Shu Ling	Supervisors
Hua Yuan Liu	Directors, executives
Zhang Yan Feng	Directors, executives
Lin Chong	Directors, executives
Lin Mei Hua	Securities Affairs Representative
Liao Yun He	Executives
Yang Wei Min	Executives
Mou Jin Shi	Securities Affairs Representative

Shenzhen Infinvoa (SZSE:002528) Headlines

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