Zhuhai Bojay Electronics Co (SZSE:002975) ROCE % : 2.25% (As of Mar. 2024)

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What is Zhuhai Bojay 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. Zhuhai Bojay Electronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.25%.

Zhuhai Bojay Electronics Co ROCE % Historical Data

The historical data trend for Zhuhai Bojay 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.

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Zhuhai Bojay Electronics Co ROCE % Chart

Zhuhai Bojay Electronics Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.43

40.54

16.09

10.93

-4.02

Zhuhai Bojay Electronics Co 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															-2.32	3.86	-1.16	-16.49	2.25

Zhuhai Bojay Electronics Co ROCE % Calculation

Zhuhai Bojay 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 )
	=	-89.327	/	( ( (2600.967 - 364.961)	+	(2729.05 - 525.54) )	/ 2 )
	=	-89.327	/	( (2236.006	+	2203.51)	/ 2 )
	=	-89.327	/	2219.758
	=	-4.02 %

Zhuhai Bojay Electronics 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 )
	=	49.988	/	( ( (2729.05 - 525.54)	+	(2830.721 - 600.436) )	/ 2 )
	=	49.988	/	( ( 2203.51	+	2230.285 )	/ 2 )
	=	49.988	/	2216.8975
	=	2.25 %

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

Zhuhai Bojay Electronics Co (SZSE:002975) 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.

Zhuhai Bojay Electronics Co ROCE % Related Terms

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Zhuhai Bojay Electronics Co (SZSE:002975) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhuhai Bojay Electronics Co Ltd (SZSE:002975) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, Futian Road, Xiangzhou District, Zhuhai, CHN

Website

https://www.zhbojay.com

Zhuhai Bojay Electronics Co Ltd is engaged in research & development, production, sales and related technical services of industrial automation equipment and accessories, providing automated testing and automatic assembly solutions. Its products are used in factional testing and product assembly of electronic products in consuming electronics, automotive electronics, medical electronics and industrial electronics, helping customers realize semi-automation and full automation of production lines, improving production efficiency and product quality performance. The company's products include Automation Solution, RF Test Solution, Acoustic Test Solution, Electrical Test Solution, Optical Test Solution, and Vision test Solution.

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