Leaguer (Shenzhen) Microelectronics (SHSE:688589) ROCE % : 9.29% (As of Mar. 2024)

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What is Leaguer (Shenzhen) Microelectronics 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. Leaguer (Shenzhen) Microelectronics's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.29%.

Leaguer (Shenzhen) Microelectronics ROCE % Historical Data

The historical data trend for Leaguer (Shenzhen) Microelectronics'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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Leaguer (Shenzhen) Microelectronics ROCE % Chart

Leaguer (Shenzhen) Microelectronics Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.44

5.29

6.13

10.21

12.17

Leaguer (Shenzhen) Microelectronics 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															11.39	15.83	15.21	9.88	9.29

Leaguer (Shenzhen) Microelectronics ROCE % Calculation

Leaguer (Shenzhen) Microelectronics'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 )
	=	129.773	/	( ( (1036.569 - 205.625)	+	(1443.988 - 141.815) )	/ 2 )
	=	129.773	/	( (830.944	+	1302.173)	/ 2 )
	=	129.773	/	1066.5585
	=	12.17 %

Leaguer (Shenzhen) Microelectronics'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 )
	=	122.28	/	( ( (1443.988 - 141.815)	+	(1459.136 - 129.803) )	/ 2 )
	=	122.28	/	( ( 1302.173	+	1329.333 )	/ 2 )
	=	122.28	/	1315.753
	=	9.29 %

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

Leaguer (Shenzhen) Microelectronics (SHSE:688589) 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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Leaguer (Shenzhen) Microelectronics (SHSE:688589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Leaguer (Shenzhen) Microelectronics Corp (SHSE:688589) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Xili Street, 1101, 11th Floor, Research Building, High-tech Industrial Park, Tsinghua Information Port, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.leaguerme.com

Leaguer (Shenzhen) Microelectronics Corp is engaged in independent research and development of the core basic technology and underlying algorithms of the Internet of Things communication and integrate the research and development results into the independently designed Internet of Things communication chip. It is an IC company focusing on power line communication (PLC) ASIC products and module solutions for smart things connectivity. Its products include ASIC Chips & Solutions for Smart Things Connectivity and Narrow-band & High-speed PLC Technology and IC.

Executives

Feng Zhen Gang	Director
Gao Feng	senior management
Huang Xing Ping	Directors, senior managers
Chen Li Heng	Directors, senior managers, core technical personn
Zhang Zhi Yu	Senior management, core technical personnel
Wu Ying	senior management
Zhong Li Hui	senior management
	Directors, senior managers, core technical personn
Li Hai Xia	senior management
Zhu Yong	Core technical personnel
Zhou Xiao Xin	Core technical personnel
Zhou Shi Quan	senior management
Cao Xin Yu	Supervisors

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