SIM Technology Group (TPE:912000) ROCE % : -10.96% (As of Jun. 2024)

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What is SIM Technology Group 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. SIM Technology Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -10.96%.

SIM Technology Group ROCE % Historical Data

The historical data trend for SIM Technology Group'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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SIM Technology Group ROCE % Chart

SIM Technology Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-1.28

-10.62

-29.49

26.47

-7.42

SIM Technology Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-24.77	-7.05	60.76	-10.96	-3.80

SIM Technology Group ROCE % Calculation

SIM Technology Group'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 )
	=	1688.328	/	( ( (8086.361 - 2348.341)	+	(8601.545 - 1582.211) )	/ 2 )
	=	1688.328	/	( (5738.02	+	7019.334)	/ 2 )
	=	1688.328	/	6378.677
	=	26.47 %

SIM Technology Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-744.168	/	( ( (8601.545 - 1582.211)	+	(7933.473 - 1375.902) )	/ 2 )
	=	-744.168	/	( ( 7019.334	+	6557.571 )	/ 2 )
	=	-744.168	/	6788.4525
	=	-10.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

SIM Technology Group (TPE:912000) 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.

SIM Technology Group ROCE % Related Terms

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SIM Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SIM Technology Group Ltd (TPE:912000) » Definitions » ROCE %

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SIMTF:USA 02000:Hong Kong

Address

No. 633 Jinzhong Road, Building A, SIM Technology Building, Changning District, Shanghai, CHN, 200335

Website

http://www.sim.com

SIM Technology Group Ltd is a mobile communication and Internet of Things developer. It operates its business through segments that are Handsets and Internet of things terminals business (Handsets and IOT terminals business), Electronic manufacturing services business, Internet of things system and O2O business, and Property management. Handsets and the internet of Things terminals business segment generate the revenue. The group derives revenue from the PRC, Europe, the U.S, Hong Kong, and other Asian countries.

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