VeriSilicon Microelectronics Shanghai Co (SHSE:688521) ROCE % : -23.40% (As of Mar. 2024)

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What is VeriSilicon Microelectronics 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. VeriSilicon Microelectronics Shanghai Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -23.40%.

VeriSilicon Microelectronics Shanghai Co ROCE % Historical Data

The historical data trend for VeriSilicon Microelectronics 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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VeriSilicon Microelectronics Shanghai Co ROCE % Chart

VeriSilicon Microelectronics Shanghai Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.25

-0.38

1.02

3.45

-7.28

VeriSilicon Microelectronics Shanghai 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															-7.54	12.44	-16.03	-16.82	-23.40

VeriSilicon Microelectronics Shanghai Co ROCE % Calculation

VeriSilicon Microelectronics 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 )
	=	-246.045	/	( ( (4426.16 - 1124.542)	+	(4406.381 - 949.996) )	/ 2 )
	=	-246.045	/	( (3301.618	+	3456.385)	/ 2 )
	=	-246.045	/	3379.0015
	=	-7.28 %

VeriSilicon Microelectronics 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 )
	=	-793.168	/	( ( (4406.381 - 949.996)	+	(4350.555 - 1028.866) )	/ 2 )
	=	-793.168	/	( ( 3456.385	+	3321.689 )	/ 2 )
	=	-793.168	/	3389.037
	=	-23.40 %

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

VeriSilicon Microelectronics Shanghai Co (SHSE:688521) 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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VeriSilicon Microelectronics Shanghai Co (SHSE:688521) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » VeriSilicon Microelectronics Shanghai Co Ltd (SHSE:688521) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.289, Chunxiao Road, 20A, Zhangjiang Building, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 201203

Website

http://www.verisilicon.com

VeriSilicon Microelectronics Shanghai Co Ltd provides its customers with platform-based, all-round, one-stop custom silicon services and semiconductor IP licensing services leveraging its in-house semiconductor IP. The company provides a variety of customized silicon solutions, including high-definition video, high-definition audio and voice, In-Vehicle Infotainment, video surveillance, IoT connectivity, data center. In addition, VeriSilicon has five types of in-house processor IPs, namely GPU IP, NPU IP, VPU, DSP IP and ISP IP, and more than 1,400 analog and mixed signal IPs and RF IPs.

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