AVIT (SZSE:300264) ROCE % : -38.67% (As of Sep. 2024)

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What is AVIT 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. AVIT's annualized ROCE % for the quarter that ended in Sep. 2024 was -38.67%.

AVIT ROCE % Historical Data

The historical data trend for AVIT'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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AVIT ROCE % Chart

AVIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-35.15

-12.42

-46.86

-59.23

-71.13

AVIT 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															-50.27	-70.94	-50.69	-63.67	-38.67

AVIT ROCE % Calculation

AVIT'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 )
	=	-63.633	/	( ( (341.823 - 260.474)	+	(368.872 - 271.289) )	/ 2 )
	=	-63.633	/	( (81.349	+	97.583)	/ 2 )
	=	-63.633	/	89.466
	=	-71.13 %

AVIT'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 )
	=	-25.264	/	( ( (352 - 281.634)	+	(316.335 - 256.025) )	/ 2 )
	=	-25.264	/	( ( 70.366	+	60.31 )	/ 2 )
	=	-25.264	/	65.338
	=	-38.67 %

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

AVIT (SZSE:300264) 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.

AVIT ROCE % Related Terms

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AVIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AVIT Ltd (SZSE:300264) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2533, Guanguang Road, Fenghuang Street, Building A2, 903-129, Fenghuang Community, Guangming District, Shenzhen, CHN, 518000

Website

http://www.avit.com.cn

AVIT Ltd is engaged in offering system solutions and technique services to network operators. The solutions provided by the company include system design, system integration, technical training, and operation consulting. The products of the company include DVB solution, DVB application system, digital headend, and digital receiver.

Executives

Li Xiao Long	Supervisors
Huang Min	Executives
Zhang Hai Chuan	Directors, executives
Hu Yong	Supervisors
Chen Kun Jiang	Director
Peng Zhong Fu	Supervisors
Xiong Ke Jia	Directors, executives
Li Jian Hong	Securities Affairs Representative
Wu Qian	Director
Li Guan Bin	Director
Gao Jian	Directors, executives
Zhu Wei Min	Director, Securities Affairs Representative

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