Shenzhen Aoto Electronics Co (SZSE:002587) ROCE % : -9.59% (As of Sep. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Shenzhen Aoto Electronics 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 Aoto Electronics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -9.59%.

Shenzhen Aoto Electronics Co ROCE % Historical Data

The historical data trend for Shenzhen Aoto Electronics 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.

Shenzhen Aoto Electronics Co ROCE % Chart

Shenzhen Aoto Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

15.49

-11.40

2.11

0.51

0.32

Shenzhen Aoto Electronics Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-5.24	1.98	-0.86	-0.18	-9.59

Shenzhen Aoto Electronics Co ROCE % Calculation

Shenzhen Aoto Electronics 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 )
	=	4.585	/	( ( (2262.491 - 854.248)	+	(2014.395 - 587.257) )	/ 2 )
	=	4.585	/	( (1408.243	+	1427.138)	/ 2 )
	=	4.585	/	1417.6905
	=	0.32 %

Shenzhen Aoto Electronics 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 )
	=	-131.18	/	( ( (1951.692 - 570.802)	+	(1890.228 - 533.93) )	/ 2 )
	=	-131.18	/	( ( 1380.89	+	1356.298 )	/ 2 )
	=	-131.18	/	1368.594
	=	-9.59 %

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

Shenzhen Aoto Electronics Co (SZSE:002587) 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 Aoto Electronics Co ROCE % Related Terms

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

Shenzhen Aoto Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Aoto Electronics Co Ltd (SZSE:002587) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 112, Qingshuihe 1st Road, Room 1805, Tower 2, Qingshuihe Community, Qingshuihe Street, Shenzhen, CHN, 518024

Website

http://www.szaoto.com.cn

Shenzhen Aoto Electronics Co Ltd is mainly engaged in LED display system and electronic receipt system development, design, production, sale and related professional services in China. Its LED products are mainly used in sports, media advertising, entertainment leasing, transportation, television stations, command centers and smart city landscape lighting.

Executives

Wu Han Qu	Director
Peng Shi Xin	Executives
Qiu Rong Bang	Supervisors
Yang Jian Zhong	Director
Zhao Xu Feng	Executives
Yang Wen Chao	Director
Shen Yong Jian	Directors, executives
Yang Si Hua	Directors, executives
Wu Zhen Zhi	Executives
Jiao Ren Quan	Executives
Huang Bin	Supervisors
Guo Wei Hua	Director
Shen Yi	Executives, directors
Li Jun	Secretary Dong

Shenzhen Aoto Electronics Co Headlines

No Headlines