Focus Lightings Tech Co (SZSE:300708) ROCE % : 7.70% (As of Mar. 2024)

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What is Focus Lightings Tech 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. Focus Lightings Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.70%.

Focus Lightings Tech Co ROCE % Historical Data

The historical data trend for Focus Lightings Tech 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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Focus Lightings Tech Co ROCE % Chart

Focus Lightings Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.18

6.18

14.24

-3.77

3.50

Focus Lightings Tech Co 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															-3.55	7.85	2.88	6.36	7.70

Focus Lightings Tech Co ROCE % Calculation

Focus Lightings Tech 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 )
	=	80.164	/	( ( (3638.735 - 1941.511)	+	(4739.744 - 1856.363) )	/ 2 )
	=	80.164	/	( (1697.224	+	2883.381)	/ 2 )
	=	80.164	/	2290.3025
	=	3.50 %

Focus Lightings Tech Co'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 )
	=	209.956	/	( ( (4739.744 - 1856.363)	+	(4499.159 - 1928.735) )	/ 2 )
	=	209.956	/	( ( 2883.381	+	2570.424 )	/ 2 )
	=	209.956	/	2726.9025
	=	7.70 %

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

Focus Lightings Tech Co (SZSE:300708) 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.

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Focus Lightings Tech Co (SZSE:300708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Focus Lightings Tech Co Ltd (SZSE:300708) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

8 Xinqing Road, Suzhou Industrial Park, Suzhou, CHN, 215125

Website

http://www.focuslightings.com

Focus Lightings Tech Co Ltd is a China-based company is engaged in the manufacture and production of home and commercial lighting products. Its products include glitter lamp, desk lamp, floor lamp, wall lamp, ceiling lamp, and a pendent lamp. The company's products can be used in backlight and lighting and other fields.

Executives

Xu Ying Gai	Director
Wang Hui	Supervisors
Pan Hua Rong	Directors, executives
Lu Ye	Executives
Cheng Fei Long	Directors, executives
Xu Wen Wen	Securities Affairs Representative
Yin Zuo Zhao	Director
Xiang Fang Nan	Director
Wang Yan Li	Executives
Qin Zhen	Director

Focus Lightings Tech Co (SZSE:300708) Headlines

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