CircuTech International Holdings (CircuTech International Holdings) ROCE % : 5.86% (As of Dec. 2023)

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What is CircuTech International Holdings 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. CircuTech International Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.86%.

CircuTech International Holdings ROCE % Historical Data

The historical data trend for CircuTech International Holdings'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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CircuTech International Holdings ROCE % Chart

CircuTech International Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.61

7.92

2.78

5.50

4.83

CircuTech International Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.52	2.97	7.67	3.25	5.86

CircuTech International Holdings ROCE % Calculation

CircuTech International Holdings'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 )
	=	0.988	/	( ( (22.271 - 1.534)	+	(20.919 - 0.78) )	/ 2 )
	=	0.988	/	( (20.737	+	20.139)	/ 2 )
	=	0.988	/	20.438
	=	4.83 %

CircuTech International Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1.18	/	( ( (0 - 0)	+	(20.919 - 0.78) )	/ 1 )
	=	1.18	/	( ( 0	+	20.139 )	/ 1 )
	=	1.18	/	20.139
	=	5.86 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

CircuTech International Holdings (GREY:TLYYF) 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.

CircuTech International Holdings ROCE % Related Terms

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CircuTech International Holdings (CircuTech International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CircuTech International Holdings Ltd (GREY:TLYYF) » Definitions » ROCE %

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08051:Hong Kong

Address

1 Matheson Street, Causeway Bay, 31th Floor, Tower Two, Times Square, Hong Kong, HKG

Website

http://www.circutech.com

CircuTech International Holdings Ltd is engaged in the business of research and development and the sale and marketing of video surveillance systems. It operates its business in Asia, Europe, Africa, North America, and others. Its segments of the company are Sales and distribution of IT products and Repairs and service support. Sales and distribution of IT products business segment designs, manufactures, and markets video surveillance systems and distributes third-party IT products. Geographically, it derives the majority of its revenue from Hong Kong.

CircuTech International Holdings (CircuTech International Holdings) Headlines

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