Netac Technology Co (SZSE:300042) ROCE % : -14.10% (As of Sep. 2024)

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What is Netac Technology 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. Netac Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -14.10%.

Netac Technology Co ROCE % Historical Data

The historical data trend for Netac Technology 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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Netac Technology Co ROCE % Chart

Netac Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.68

8.13

6.83

5.90

-3.92

Netac Technology 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															-5.53	-3.11	-1.51	-9.96	-14.10

Netac Technology Co ROCE % Calculation

Netac Technology 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 )
	=	-45.732	/	( ( (1355.638 - 162.156)	+	(1373.141 - 230.526) )	/ 2 )
	=	-45.732	/	( (1193.482	+	1142.615)	/ 2 )
	=	-45.732	/	1168.0485
	=	-3.92 %

Netac Technology 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 )
	=	-161.252	/	( ( (1378.003 - 206.746)	+	(1239.916 - 123.741) )	/ 2 )
	=	-161.252	/	( ( 1171.257	+	1116.175 )	/ 2 )
	=	-161.252	/	1143.716
	=	-14.10 %

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

Netac Technology Co (SZSE:300042) 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.

Netac Technology Co ROCE % Related Terms

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Netac Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Netac Technology Co Ltd (SZSE:300042) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, Gaoxin South 6th Road, Netac Building (Langke Mansion), 16th, 18th, 19th Floor, Nanshan District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.netac.com.cn

Netac Technology Co Ltd is a China-based flash memory manufacturer. It is engaged in the manufacturing of mobile storage, digital entertainment, GPS, and U-Chip controller products. The product portfolio of the company includes USB flash drive, portable HDD, memory cards, portable SSD and other products.

Executives

Xu Li Song	Directors, executives
Zhou Fu Chi	Director
Deng Guo Shun	Director
Wang Rong	Director
Gao Li Jing	Supervisors
Tian Han Guang	Director
Wang Ai Feng	Directors, executives
Ma Guo Bin	Director
	Executives
Zhou Chuang Shi	Directors, executives
Xiang Feng	Executives
Wang Quan Xiang	Director
Zhang Jin	Executives
Wang Lan	Supervisors

Netac Technology Co Headlines

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