Hangzhou Prevail Optoelectronic Equipment Co (SZSE:300710) ROCE % : 4.83% (As of Sep. 2024)

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What is Hangzhou Prevail Optoelectronic Equipment 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 Prevail Optoelectronic Equipment Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.83%.

Hangzhou Prevail Optoelectronic Equipment Co ROCE % Historical Data

The historical data trend for Hangzhou Prevail Optoelectronic Equipment 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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Hangzhou Prevail Optoelectronic Equipment Co ROCE % Chart

Hangzhou Prevail Optoelectronic Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.79

9.10

7.07

-1.35

0.48

Hangzhou Prevail Optoelectronic Equipment 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															0.50	1.88	5.94	3.11	4.83

Hangzhou Prevail Optoelectronic Equipment Co ROCE % Calculation

Hangzhou Prevail Optoelectronic Equipment 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 )
	=	3.264	/	( ( (887.519 - 216.123)	+	(894.248 - 204.273) )	/ 2 )
	=	3.264	/	( (671.396	+	689.975)	/ 2 )
	=	3.264	/	680.6855
	=	0.48 %

Hangzhou Prevail Optoelectronic Equipment 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 )
	=	33.664	/	( ( (900.397 - 206.101)	+	(879.662 - 180.575) )	/ 2 )
	=	33.664	/	( ( 694.296	+	699.087 )	/ 2 )
	=	33.664	/	696.6915
	=	4.83 %

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

Hangzhou Prevail Optoelectronic Equipment Co (SZSE:300710) 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 Prevail Optoelectronic Equipment Co ROCE % Related Terms

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Hangzhou Prevail Optoelectronic Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hangzhou Prevail Optoelectronic Equipment Co Ltd (SZSE:300710) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guali Industry Zone, Xiaoshan District, Zhejiang, Hangzhou, CHN, 311241

Website

http://www.prevail-catv.com

Hangzhou Prevail Optoelectronic Equipment Co Ltd researches, develops, and produces community antenna television equipment (CATV). Its product portfolio consists of hybrid fibre-coax optical fiber transmission, CATV coaxial cable transmission, digital tv equipment, and others.

Executives

Xu Quan Hai	Director
Ren Guo Rui	Executives
Xu Feng Xian	Directors, executives
Zhu Guo Tang	Director
Shi Xiao Ping	Directors, executives
Yu Xing Hong	Executives

Hangzhou Prevail Optoelectronic Equipment Co Headlines

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