Hefei I-TEK OptoElectronics Co (SHSE:688610) ROCE % : 2.70% (As of Mar. 2024)

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What is Hefei I-TEK OptoElectronics 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. Hefei I-TEK OptoElectronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.70%.

Hefei I-TEK OptoElectronics Co ROCE % Historical Data

The historical data trend for Hefei I-TEK OptoElectronics 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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Hefei I-TEK OptoElectronics Co ROCE % Chart

Hefei I-TEK OptoElectronics Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

16.71

-85.84

33.20

24.05

1.83

Hefei I-TEK OptoElectronics Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								3.58	5.52	-0.67	2.57	2.70

Hefei I-TEK OptoElectronics Co ROCE % Calculation

Hefei I-TEK OptoElectronics 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 )
	=	17.332	/	( ( (471.996 - 84.471)	+	(1591.247 - 85.414) )	/ 2 )
	=	17.332	/	( (387.525	+	1505.833)	/ 2 )
	=	17.332	/	946.679
	=	1.83 %

Hefei I-TEK OptoElectronics 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 )
	=	40.368	/	( ( (1591.247 - 85.414)	+	(1542.532 - 63.257) )	/ 2 )
	=	40.368	/	( ( 1505.833	+	1479.275 )	/ 2 )
	=	40.368	/	1492.554
	=	2.70 %

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

Hefei I-TEK OptoElectronics Co (SHSE:688610) 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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Hefei I-TEK OptoElectronics Co (SHSE:688610) Business Description

Industry

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Address

Wangjiang West Road, 3rd Floor, Building J2, Phase II, Zhongan Chuanggu Science and Technology Park, High-tech Zone, Anhui, Hefei, CHN, 230088

Website

http://www.i-tek.cn

Hefei I-TEK OptoElectronics Co Ltd is a national high-tech enterprise specializing in research & development, production and sales of high-end industrial imaging components. Echo Optoelectronics has always focused on technological innovation and adhered to the positioning of high-end products. It is a high-end domestic brand pioneer enterprise with independent innovation in the field of machine vision.

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