Shenzhen Techwinsemi Technology Co (SZSE:001309) ROCE % : 67.22% (As of Mar. 2024)

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What is Shenzhen Techwinsemi Technology 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. Shenzhen Techwinsemi Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 67.22%.

Shenzhen Techwinsemi Technology Co ROCE % Historical Data

The historical data trend for Shenzhen Techwinsemi Technology 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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Shenzhen Techwinsemi Technology Co ROCE % Chart

Shenzhen Techwinsemi Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

24.01

23.45

22.13

8.75

4.03

Shenzhen Techwinsemi Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													-12.55	-13.41	1.25	40.19	67.22

Shenzhen Techwinsemi Technology Co ROCE % Calculation

Shenzhen Techwinsemi Technology 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 )
	=	53.047	/	( ( (1996.923 - 734.123)	+	(3288.196 - 1919.821) )	/ 2 )
	=	53.047	/	( (1262.8	+	1368.375)	/ 2 )
	=	53.047	/	1315.5875
	=	4.03 %

Shenzhen Techwinsemi Technology 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 )
	=	985.22	/	( ( (3288.196 - 1919.821)	+	(3817.336 - 2254.49) )	/ 2 )
	=	985.22	/	( ( 1368.375	+	1562.846 )	/ 2 )
	=	985.22	/	1465.6105
	=	67.22 %

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

Shenzhen Techwinsemi Technology Co (SZSE:001309) 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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Shenzhen Techwinsemi Technology Co (SZSE:001309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Techwinsemi Technology Co Ltd (SZSE:001309) » Definitions » ROCE %

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Address

No. 136, Zhongkang Road, Meilin Street, Room 2501, 2401, Block A, Building 1, Meidu Community, Shenzhen New Generation Industrial Park, Futian District, Guangdong Province, Shenzhen, CHN, 518000

Website

Shenzhen Techwinsemi Technology Co Ltd is engaged in the design, research and development of integrated circuits and industrial applications.

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