Ferrotec (An Hui) Technology Development Co (SZSE:301297) ROCE % : 7.72% (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Ferrotec (An Hui) Technology Development 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. Ferrotec (An Hui) Technology Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.72%.

Ferrotec (An Hui) Technology Development Co ROCE % Historical Data

The historical data trend for Ferrotec (An Hui) Technology Development 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.

Ferrotec (An Hui) Technology Development Co ROCE % Chart

Ferrotec (An Hui) Technology Development Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

18.95

19.94

15.51

9.27

7.17

Ferrotec (An Hui) Technology Development Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										5.59	6.98	8.04	8.19	7.72

Ferrotec (An Hui) Technology Development Co ROCE % Calculation

Ferrotec (An Hui) Technology Development 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 )
	=	106.058	/	( ( (1740.956 - 259.627)	+	(1625.367 - 150.093) )	/ 2 )
	=	106.058	/	( (1481.329	+	1475.274)	/ 2 )
	=	106.058	/	1478.3015
	=	7.17 %

Ferrotec (An Hui) Technology Development 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 )
	=	114.788	/	( ( (1625.367 - 150.093)	+	(1655.356 - 156.238) )	/ 2 )
	=	114.788	/	( ( 1475.274	+	1499.118 )	/ 2 )
	=	114.788	/	1487.196
	=	7.72 %

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

Ferrotec (An Hui) Technology Development Co (SZSE:301297) 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.

Ferrotec (An Hui) Technology Development Co ROCE % Related Terms

Thank you for viewing the detailed overview of Ferrotec (An Hui) Technology Development Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ferrotec (An Hui) Technology Development Co (SZSE:301297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ferrotec (An Hui) Technology Development Co Ltd (SZSE:301297) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 18, Nanhai Road, Jinqiao Economic Development Zone, Shun'an Town, Yi'an District, Anhui Province, Tongling, CHN, 244151

Website

http://www.ftvas.com

Ferrotec (An Hui) Technology Development Co Ltd is a precision cleaning service provider for equipment in the field of semiconductors, focusing on providing one-stop equipment precision cleaning for manufacturers in the two major fields of semiconductors and display panels services, providing integrated cleaning and regeneration solutions for customers' production equipment pollution control.

Ferrotec (An Hui) Technology Development Co (SZSE:301297) Headlines

No Headlines