Shenzhen AV-Display Co (SZSE:300939) ROCE % : 6.10% (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Shenzhen AV-Display 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. Shenzhen AV-Display Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.10%.

Shenzhen AV-Display Co ROCE % Historical Data

The historical data trend for Shenzhen AV-Display 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.

* Premium members only.

Shenzhen AV-Display Co ROCE % Chart

Shenzhen AV-Display Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

31.64

24.63

15.24

14.36

9.90

Shenzhen AV-Display 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															8.97	7.62	7.41	9.65	6.10

Shenzhen AV-Display Co ROCE % Calculation

Shenzhen AV-Display 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 )
	=	135.116	/	( ( (1597.049 - 284.9)	+	(1675.196 - 258.435) )	/ 2 )
	=	135.116	/	( (1312.149	+	1416.761)	/ 2 )
	=	135.116	/	1364.455
	=	9.90 %

Shenzhen AV-Display 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 )
	=	82.984	/	( ( (1577.768 - 227.747)	+	(1592.74 - 222.317) )	/ 2 )
	=	82.984	/	( ( 1350.021	+	1370.423 )	/ 2 )
	=	82.984	/	1360.222
	=	6.10 %

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

Shenzhen AV-Display Co (SZSE:300939) 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.

Shenzhen AV-Display Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shenzhen AV-Display Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen AV-Display Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen AV-Display Co Ltd (SZSE:300939) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.39, Jin Yuan Road, He Ao Jin Yuan Industrial Park, Yuanshan, Long Gang, Guangdong Province, Shenzhen, CHN, 518115

Website

http://www.av-display.com.cn

Shenzhen AV-Display Co Ltd is involved in designing and manufacturing a range of display products, such as color TFT modules, CTP - Capacitive Touch Panels, monochrome LCD panels, and modules, Shutters. The display solutions are used in a wide range of applications, such as Industrial control, home automation, appliance, HMI, medical, metering, and automotive.

Shenzhen AV-Display Co Headlines

No Headlines