Red Phase (SZSE:300427) ROCE % : -6.63% (As of Mar. 2024)

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What is Red Phase 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. Red Phase's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.63%.

Red Phase ROCE % Historical Data

The historical data trend for Red Phase'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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Red Phase ROCE % Chart

Red Phase Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.00

11.27

-16.70

6.96

-19.46

Red Phase 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															12.04	0.68	-9.82	-83.74	-6.63

Red Phase ROCE % Calculation

Red Phase'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 )
	=	-378.829	/	( ( (4018.14 - 1767.175)	+	(2763.016 - 1121.304) )	/ 2 )
	=	-378.829	/	( (2250.965	+	1641.712)	/ 2 )
	=	-378.829	/	1946.3385
	=	-19.46 %

Red Phase'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 )
	=	-107.056	/	( ( (2763.016 - 1121.304)	+	(2622.835 - 1034.852) )	/ 2 )
	=	-107.056	/	( ( 1641.712	+	1587.983 )	/ 2 )
	=	-107.056	/	1614.8475
	=	-6.63 %

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

Red Phase (SZSE:300427) 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.

Red Phase ROCE % Related Terms

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Red Phase (SZSE:300427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Red Phase Inc (SZSE:300427) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Unit 1002, No. 3, Nantou Road, Siming District, Fujian Province, Xiamen, CHN, 361008

Website

http://www.redphase.com.cn

Red Phase Inc is engaged in the research and application of power system state maintenance technology. It provides its customers with various solutions for power grid state maintenance and intelligent operation.

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