Southchip Semiconductor Technology (Shanghai) Co (SHSE:688484) ROCE % : 10.68% (As of Mar. 2024)

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What is Southchip Semiconductor Technology (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. Southchip Semiconductor Technology (Shanghai) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.68%.

Southchip Semiconductor Technology (Shanghai) Co ROCE % Historical Data

The historical data trend for Southchip Semiconductor Technology (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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Southchip Semiconductor Technology (Shanghai) Co ROCE % Chart

Southchip Semiconductor Technology (Shanghai) Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-9.54

-3.40

38.27

24.09

11.23

Southchip Semiconductor Technology (Shanghai) Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								5.80	8.00	9.62	8.89	10.68

Southchip Semiconductor Technology (Shanghai) Co ROCE % Calculation

Southchip Semiconductor Technology (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 )
	=	269.151	/	( ( (2304.33 - 1217.191)	+	(4461.86 - 754.62) )	/ 2 )
	=	269.151	/	( (1087.139	+	3707.24)	/ 2 )
	=	269.151	/	2397.1895
	=	11.23 %

Southchip Semiconductor Technology (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 )
	=	402.828	/	( ( (4461.86 - 754.62)	+	(4419.887 - 582.37) )	/ 2 )
	=	402.828	/	( ( 3707.24	+	3837.517 )	/ 2 )
	=	402.828	/	3772.3785
	=	10.68 %

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

Southchip Semiconductor Technology (Shanghai) Co (SHSE:688484) 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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Southchip Semiconductor Technology (Shanghai) Co (SHSE:688484) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Southchip Semiconductor Technology (Shanghai) Co Ltd (SHSE:688484) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 54, Lane 565, Shengxia Road, Room 1601, Building 4, Pilot Free Trade Zone, Shanghai, CHN, 201210

Website

http://www.southchip.com

Southchip Semiconductor Technology (Shanghai) Co Ltd is engaged in the research and development, design and sales of analog and embedded chips, power supply and battery management.

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