Shanghai Orient-Chip Technology Co (SHSE:688061) ROCE % : -1.37% (As of Mar. 2024)

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What is Shanghai Orient-Chip Technology 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. Shanghai Orient-Chip Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.37%.

Shanghai Orient-Chip Technology Co ROCE % Historical Data

The historical data trend for Shanghai Orient-Chip Technology 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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Shanghai Orient-Chip Technology Co ROCE % Chart

Shanghai Orient-Chip Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.20

18.57

35.69

9.72

-0.06

Shanghai Orient-Chip Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-1.38	0.29	-5.91	6.76	-1.37

Shanghai Orient-Chip Technology Co ROCE % Calculation

Shanghai Orient-Chip Technology 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 )
	=	-1.51	/	( ( (2718.03 - 102.536)	+	(2772.062 - 180.665) )	/ 2 )
	=	-1.51	/	( (2615.494	+	2591.397)	/ 2 )
	=	-1.51	/	2603.4455
	=	-0.06 %

Shanghai Orient-Chip Technology 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 )
	=	-35.132	/	( ( (2772.062 - 180.665)	+	(2776.838 - 243.577) )	/ 2 )
	=	-35.132	/	( ( 2591.397	+	2533.261 )	/ 2 )
	=	-35.132	/	2562.329
	=	-1.37 %

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

Shanghai Orient-Chip Technology Co (SHSE:688061) 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.

Shanghai Orient-Chip Technology Co ROCE % Related Terms

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Shanghai Orient-Chip Technology Co (SHSE:688061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shanghai Orient-Chip Technology Co Ltd (SHSE:688061) » Definitions » ROCE %

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Address

No. 149 Yanchang Road, Room 308, Science and Technology Building, Shanghai, CHN, 200072

Website

http://www.orient-chip.com

Shanghai Orient-Chip Technology Co Ltd is engaged in the research and development, design, packaging, testing and sales of high-performance digital-analog hybrid integrated circuits and analog integrated circuits.

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