Hangzhou Everfine Photo-e-info Co (SZSE:300306) ROCE % : 5.18% (As of Sep. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Hangzhou Everfine Photo-e-info 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. Hangzhou Everfine Photo-e-info Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.18%.

Hangzhou Everfine Photo-e-info Co ROCE % Historical Data

The historical data trend for Hangzhou Everfine Photo-e-info 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.

* Premium members only.

Hangzhou Everfine Photo-e-info Co ROCE % Chart

Hangzhou Everfine Photo-e-info Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

9.17

7.31

7.67

5.92

6.63

Hangzhou Everfine Photo-e-info 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															5.15	11.19	3.27	6.11	5.18

Hangzhou Everfine Photo-e-info Co ROCE % Calculation

Hangzhou Everfine Photo-e-info 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 )
	=	101.469	/	( ( (1694.605 - 173.878)	+	(1707.576 - 168.048) )	/ 2 )
	=	101.469	/	( (1520.727	+	1539.528)	/ 2 )
	=	101.469	/	1530.1275
	=	6.63 %

Hangzhou Everfine Photo-e-info 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 )
	=	78.024	/	( ( (1641.8 - 144.563)	+	(1685.161 - 167.356) )	/ 2 )
	=	78.024	/	( ( 1497.237	+	1517.805 )	/ 2 )
	=	78.024	/	1507.521
	=	5.18 %

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

Hangzhou Everfine Photo-e-info Co (SZSE:300306) 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.

Hangzhou Everfine Photo-e-info Co ROCE % Related Terms

Thank you for viewing the detailed overview of Hangzhou Everfine Photo-e-info Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hangzhou Everfine Photo-e-info Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hangzhou Everfine Photo-e-info Co Ltd (SZSE:300306) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 669, Binkang Road, Building 1, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310053

Website

https://www.everfine.cn

Hangzhou Everfine Photo-e-info Co Ltd operates in the light-emitting diode (LED) module and lighting industry. The company offers LED and lighting measurement, vehicle and airborne display, backlight and LCM module, optical instruments, ultraviolet spectrometer, EMC measurement device and electronic testers. The products have been exported to the United States, Europe, Japan and other developed countries and regions.

Executives

Min Fang Sheng	Supervisors
Lu Jie	Director
Zou Jian Jun	Director
Zhang Wei	Supervisors
Hu Hong Ying	Director
Meng Zheng	Director
Li Qian	Supervisors

Hangzhou Everfine Photo-e-info Co Headlines

No Headlines