Everdisplay Optronics Shanghai Co (SHSE:688538) ROCE % : -7.97% (As of Mar. 2024)

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What is Everdisplay Optronics Shanghai 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. Everdisplay Optronics Shanghai Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.97%.

Everdisplay Optronics Shanghai Co ROCE % Historical Data

The historical data trend for Everdisplay Optronics Shanghai 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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Everdisplay Optronics Shanghai Co ROCE % Chart

Everdisplay Optronics Shanghai Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.56

-3.86

-2.91

-4.37

-10.12

Everdisplay Optronics Shanghai Co Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-4.21	-10.79	-14.39	-11.02	-7.97

Everdisplay Optronics Shanghai Co ROCE % Calculation

Everdisplay Optronics Shanghai 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 )
	=	-2720.584	/	( ( (30893.232 - 2410.801)	+	(28440.626 - 3145.028) )	/ 2 )
	=	-2720.584	/	( (28482.431	+	25295.598)	/ 2 )
	=	-2720.584	/	26889.0145
	=	-10.12 %

Everdisplay Optronics Shanghai 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 )
	=	-2004.78	/	( ( (28440.626 - 3145.028)	+	(28288.423 - 3271.275) )	/ 2 )
	=	-2004.78	/	( ( 25295.598	+	25017.148 )	/ 2 )
	=	-2004.78	/	25156.373
	=	-7.97 %

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

Everdisplay Optronics Shanghai Co (SHSE:688538) 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.

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Everdisplay Optronics Shanghai Co (SHSE:688538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Everdisplay Optronics Shanghai Co Ltd (SHSE:688538) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1568, Jiugong Road, Jinshan Industrial Zone, Shanghai, CHN, 201506

Website

https://www.everdisplay.com

Everdisplay Optronics Shanghai Co Ltd is engaged in the research and development, production and sales of small and medium-sized AMOLED semiconductor display panels.

Executives

Zhang Bin	senior management
Liu Hui Ran	Directors, senior managers
Liang Xiao	senior management
Li Feng Ling	senior management
Chen Zhi Hong	senior management
Fu Wen Biao	Director

Everdisplay Optronics Shanghai Co (SHSE:688538) Headlines

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