Maxvision Technology (SZSE:002990) ROCE % : 9.97% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Maxvision Technology 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. Maxvision Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.97%.

Maxvision Technology ROCE % Historical Data

The historical data trend for Maxvision Technology'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.

Maxvision Technology ROCE % Chart

Maxvision Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

45.11

20.00

9.28

3.70

9.53

Maxvision Technology 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															13.97	10.85	8.29	5.09	9.97

Maxvision Technology ROCE % Calculation

Maxvision Technology'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 )
	=	216.264	/	( ( (3028.411 - 863.524)	+	(3553.086 - 1178.048) )	/ 2 )
	=	216.264	/	( (2164.887	+	2375.038)	/ 2 )
	=	216.264	/	2269.9625
	=	9.53 %

Maxvision Technology'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 )
	=	239.376	/	( ( (3553.086 - 1178.048)	+	(3538.054 - 1109.657) )	/ 2 )
	=	239.376	/	( ( 2375.038	+	2428.397 )	/ 2 )
	=	239.376	/	2401.7175
	=	9.97 %

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

Maxvision Technology (SZSE:002990) 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.

Maxvision Technology ROCE % Related Terms

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

Maxvision Technology (SZSE:002990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Maxvision Technology Corp (SZSE:002990) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tairan Shi Road, Shatou Street, 1601, 1605, East Block, Phase 2,Tian'an Community, Tianan Innovation and Technology Plaza, Futian District, Guangdong, Shenzhen, CHN, 518040

Website

http://www.maxvision.com.cn

Maxvision Technology Corp is specialized in artificial intelligence and algorithm researches and intelligent system integration. Its products include smart port, smart traffic, artificial intelligence, and smart systems.

Executives

Miao Ying Liang	Executives
Huang Xin	Directors, executives
Hu Gang	Directors, executives
Qin Cao	Directors, executives
Jiang Bing	Directors, executives
Gong Tao	Executives
Lai Shi Wu	Executives

Maxvision Technology (SZSE:002990) Headlines

No Headlines