Beijing Bayi Space LCD Technology Co (SHSE:688181) ROCE % : 4.37% (As of Mar. 2024)

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What is Beijing Bayi Space LCD 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. Beijing Bayi Space LCD Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.37%.

Beijing Bayi Space LCD Technology Co ROCE % Historical Data

The historical data trend for Beijing Bayi Space LCD 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.
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Beijing Bayi Space LCD Technology Co ROCE % Chart

Beijing Bayi Space LCD Technology Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.92

12.19

13.77

12.69

6.34

Beijing Bayi Space LCD Technology Co Quarterly Data
	Jun19	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															4.67	7.57	8.95	4.00	4.37

Beijing Bayi Space LCD Technology Co ROCE % Calculation

Beijing Bayi Space LCD 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 )
	=	134.527	/	( ( (2429.005 - 396.109)	+	(2802.167 - 591.578) )	/ 2 )
	=	134.527	/	( (2032.896	+	2210.589)	/ 2 )
	=	134.527	/	2121.7425
	=	6.34 %

Beijing Bayi Space LCD 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 )
	=	98.644	/	( ( (2802.167 - 591.578)	+	(2864.58 - 557.597) )	/ 2 )
	=	98.644	/	( ( 2210.589	+	2306.983 )	/ 2 )
	=	98.644	/	2258.786
	=	4.37 %

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

Beijing Bayi Space LCD Technology Co (SHSE:688181) 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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Beijing Bayi Space LCD Technology Co (SHSE:688181) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Beijing Bayi Space LCD Technology Co Ltd (SHSE:688181) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Liushui Road, 101, 1st-5th floors, Building 4, Yanshan East, Fangshan District, Beijing, CHN

Website

http://www.81lcd.com

Beijing Bayi Space LCD Technology Co Ltd engages in research and development, production and sales of liquid crystal display materials. The company's products are mixed liquid crystal materials such as high-performance thin film transistor TFT (Thin Film Transistor). Instrumentation and other terminal display fields. The products are used in mobile phones, notebooks, computer monitors and large-size LCD TVs.

Executives

Ge Si En	Director
Tian Hui Qiang	Supervisors, core technical personnel
Zhao Lei	Directors, senior managers
Chu Shi Hong	Core technical personnel

Beijing Bayi Space LCD Technology Co (SHSE:688181) Headlines

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