Newcapec Electronics Co (SZSE:300248) ROCE % : -4.30% (As of Mar. 2024)

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What is Newcapec 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. Newcapec Electronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.30%.

Newcapec Electronics Co ROCE % Historical Data

The historical data trend for Newcapec 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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Newcapec Electronics Co ROCE % Chart

Newcapec Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.19

11.43

9.48

6.14

5.05

Newcapec 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															-3.51	-0.47	3.55	20.63	-4.30

Newcapec Electronics Co ROCE % Calculation

Newcapec 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 )
	=	114.099	/	( ( (2702.081 - 499.863)	+	(2756.479 - 436.009) )	/ 2 )
	=	114.099	/	( (2202.218	+	2320.47)	/ 2 )
	=	114.099	/	2261.344
	=	5.05 %

Newcapec 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 )
	=	-99.208	/	( ( (2756.479 - 436.009)	+	(2621.44 - 329.316) )	/ 2 )
	=	-99.208	/	( ( 2320.47	+	2292.124 )	/ 2 )
	=	-99.208	/	2306.297
	=	-4.30 %

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

Newcapec Electronics Co (SZSE:300248) 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.

Newcapec Electronics Co ROCE % Related Terms

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Newcapec Electronics Co (SZSE:300248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Newcapec Electronics Co Ltd (SZSE:300248) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Yingchun Street, High-tech Industrial Development Zone, Henan Province, Zhengzhou, CHN, 450001

Website

http://www.newcapec.net

Newcapec Electronics Co Ltd is a Chinese company engaged in the development, production, and distribution of smart card applications, which are widely used in schools, financial institutions, and the telecom industry. It offers products such as electronic payment products, identification products, smart hydropower products, radio frequency identification products, smart gas meter products and power carrier products.

Executives

Yang Wen Shou	Executives
Yang Wei Guo	Directors, executives
Fu Qiu Sheng	Directors, executives
Zhao Li Bin	Directors, executives
Du Jian Ping	Executives
Shang Wei Guo	Directors, executives
Liu En Chen	Supervisors
Fu Chang Shun	Executives
Wang Shi Qing	Independent director
Hua Meng Yang	Directors, executives
Wang Bao Ling	Supervisors
Zhao Xin	Securities Affairs Representative
Gao Jian Ming	Director

Newcapec Electronics Co (SZSE:300248) Headlines

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