Ovctek China (SZSE:300595) ROCE % : 4.85% (As of Dec. 2024)

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What is Ovctek China 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. Ovctek China's annualized ROCE % for the quarter that ended in Dec. 2024 was 4.85%.

Ovctek China ROCE % Historical Data

The historical data trend for Ovctek China'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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Ovctek China ROCE % Chart

Ovctek China Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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25.88

28.54

21.39

17.66

14.36

Ovctek China Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															12.63	19.52	13.07	20.15	4.85

Ovctek China ROCE % Calculation

Ovctek China's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	740.917	/	( ( (5518.911 - 584.1)	+	(6030.901 - 644.687) )	/ 2 )
	=	740.917	/	( (4934.811	+	5386.214)	/ 2 )
	=	740.917	/	5160.5125
	=	14.36 %

Ovctek China's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	260.164	/	( ( (6020.309 - 669.845)	+	(6030.901 - 644.687) )	/ 2 )
	=	260.164	/	( ( 5350.464	+	5386.214 )	/ 2 )
	=	260.164	/	5368.339
	=	4.85 %

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

Ovctek China (SZSE:300595) 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.

Ovctek China ROCE % Related Terms

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Ovctek China Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Ovctek China Inc (SZSE:300595) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4899 Wangjiang West Road, High-tech Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.orthok.cn

Ovctek China Inc is a China-based company engaged in the Design, development, production and sales of hard corneal contact lenses and care products, and provides technical support and training services.

Executives

Tao Yue Qun	Directors, executives
	Directors, executives
Yin Yin	Director

Ovctek China Headlines

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