Shanghai V-Test Semiconductor Tech Co (SHSE:688372) ROCE % : 0.14% (As of Mar. 2024)

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What is Shanghai V-Test Semiconductor Tech 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 V-Test Semiconductor Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.14%.

Shanghai V-Test Semiconductor Tech Co ROCE % Historical Data

The historical data trend for Shanghai V-Test Semiconductor Tech 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 V-Test Semiconductor Tech Co ROCE % Chart

Shanghai V-Test Semiconductor Tech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.17

10.02

18.65

13.41

4.25

Shanghai V-Test Semiconductor Tech 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											4.25	5.42	3.05	4.50	0.14

Shanghai V-Test Semiconductor Tech Co ROCE % Calculation

Shanghai V-Test Semiconductor Tech 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 )
	=	128.797	/	( ( (3385.541 - 411.228)	+	(3608.105 - 523.008) )	/ 2 )
	=	128.797	/	( (2974.313	+	3085.097)	/ 2 )
	=	128.797	/	3029.705
	=	4.25 %

Shanghai V-Test Semiconductor Tech 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 )
	=	4.26	/	( ( (3608.105 - 523.008)	+	(3762.891 - 634.812) )	/ 2 )
	=	4.26	/	( ( 3085.097	+	3128.079 )	/ 2 )
	=	4.26	/	3106.588
	=	0.14 %

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

Shanghai V-Test Semiconductor Tech Co (SHSE:688372) 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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Shanghai V-Test Semiconductor Tech Co (SHSE:688372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shanghai V-Test Semiconductor Tech Co Ltd (SHSE:688372) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 38 Dongsheng Road, 2nd Floor, Building 2, Area A, Pudong New Area, Shanghai, CHN, 201201

Website

http://www.v-test.com.cn

Shanghai V-Test Semiconductor Tech Co Ltd is engaged in the wafer testing, finished chip testing and supporting services related to integrated circuit testing.

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