Suzhou Novosense Microelectronics Co (SHSE:688052) ROCE % : -8.90% (As of Mar. 2024)

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

What is Suzhou Novosense Microelectronics 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. Suzhou Novosense Microelectronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -8.90%.

Suzhou Novosense Microelectronics Co ROCE % Historical Data

The historical data trend for Suzhou Novosense Microelectronics 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.

Suzhou Novosense Microelectronics Co ROCE % Chart

Suzhou Novosense Microelectronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-11.85

24.70

54.83

7.31

-4.45

Suzhou Novosense Microelectronics Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												-0.15	-8.84	-8.55	-0.33	-8.90

Suzhou Novosense Microelectronics Co ROCE % Calculation

Suzhou Novosense Microelectronics 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 )
	=	-291.676	/	( ( (6850.453 - 326.674)	+	(7156.314 - 583.536) )	/ 2 )
	=	-291.676	/	( (6523.779	+	6572.778)	/ 2 )
	=	-291.676	/	6548.2785
	=	-4.45 %

Suzhou Novosense Microelectronics 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 )
	=	-581.684	/	( ( (7156.314 - 583.536)	+	(7024.115 - 529.15) )	/ 2 )
	=	-581.684	/	( ( 6572.778	+	6494.965 )	/ 2 )
	=	-581.684	/	6533.8715
	=	-8.90 %

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

Suzhou Novosense Microelectronics Co (SHSE:688052) 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.

Suzhou Novosense Microelectronics Co ROCE % Related Terms

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

Suzhou Novosense Microelectronics Co (SHSE:688052) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Suzhou Novosense Microelectronics Co Ltd (SHSE:688052) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Jinji Lake Avenue, C1-501, Artificial Intelligence Industrial Park, Industrial Park, Jiangsu Province, Suzhou, CHN, 215000

Website

https://www.novosns.com

Suzhou Novosense Microelectronics Co Ltd is focused on the research and development and sales of high-performance, high-reliability analog integrated circuits.

Suzhou Novosense Microelectronics Co (SHSE:688052) Headlines

No Headlines