Union Optech Co (SZSE:300691) ROCE % : 2.25% (As of Sep. 2024)

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What is Union Optech 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. Union Optech Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.25%.

Union Optech Co ROCE % Historical Data

The historical data trend for Union Optech 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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Union Optech Co ROCE % Chart

Union Optech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.07

6.25

7.14

4.43

4.37

Union Optech 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															2.77	5.61	-2.00	5.49	2.25

Union Optech Co ROCE % Calculation

Union Optech 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 )
	=	83.249	/	( ( (2531.585 - 699.376)	+	(2610.647 - 636.985) )	/ 2 )
	=	83.249	/	( (1832.209	+	1973.662)	/ 2 )
	=	83.249	/	1902.9355
	=	4.37 %

Union Optech 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 )
	=	45.664	/	( ( (2698.424 - 612.245)	+	(2839.66 - 857.859) )	/ 2 )
	=	45.664	/	( ( 2086.179	+	1981.801 )	/ 2 )
	=	45.664	/	2033.99
	=	2.25 %

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

Union Optech Co (SZSE:300691) 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.

Union Optech Co ROCE % Related Terms

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Union Optech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Union Optech Co Ltd (SZSE:300691) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 10, Yiwei Road, 1st-3rd Floor, Torch Development Zone, Zhongshan, CHN, 528437

Website

http://www.union-optech.com

Union Optech Co Ltd is an electronic equipment manufacturing company. It is mainly engaged in an optical lens design, development and precision manufacturing, sales and technical services. The company's products are widely used in security video surveillance cameras, mobile phones, automotive imaging systems, video conferencing, digital cameras/camcorders, smart home, aerial drone and laser projection products.

Executives

Gong Jun Qiang	Director
Liang Qi Li	Directors, executives
Wang Hao	Executives
Pan Hua	Supervisors

Union Optech Co Headlines

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