Elec-tech International Co (SZSE:002005) ROCE % : -9.47% (As of Mar. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Elec-tech International 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. Elec-tech International Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -9.47%.

Elec-tech International Co ROCE % Historical Data

The historical data trend for Elec-tech International 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.

* Premium members only.

Elec-tech International Co ROCE % Chart

Elec-tech International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

10.51

-21.23

-27.61

-23.72

-23.87

Elec-tech International 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															-12.46	-27.88	-23.61	-18.22	-9.47

Elec-tech International Co ROCE % Calculation

Elec-tech International 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 )
	=	-239.615	/	( ( (2678.95 - 1310.153)	+	(1834.281 - 1195.813) )	/ 2 )
	=	-239.615	/	( (1368.797	+	638.468)	/ 2 )
	=	-239.615	/	1003.6325
	=	-23.87 %

Elec-tech International 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 )
	=	-59.668	/	( ( (1834.281 - 1195.813)	+	(1735.16 - 1113.334) )	/ 2 )
	=	-59.668	/	( ( 638.468	+	621.826 )	/ 2 )
	=	-59.668	/	630.147
	=	-9.47 %

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

Elec-tech International Co (SZSE:002005) 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.

Elec-tech International Co ROCE % Related Terms

Thank you for viewing the detailed overview of Elec-tech International Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Elec-tech International Co (SZSE:002005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Elec-tech International Co Ltd (SZSE:002005) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1 Jinfeng Road, Tangjiawan Town, Xiangzhou District, Guangdong Province, Zhuhai, CHN, 519085

Website

http://www.electech.com.cn

Elec-tech International Co Ltd is mainly engaged in research, development, manufacture, and sales of small household electrical appliances and LED products. It offers small appliances and LED related products such as LED illumination, LED display, LED part and LED chip under the ETi brand.

Executives

Ji Xue Bin	Directors, executives
Li Ting Hong	Supervisors
Yang Hong	Supervisors
Deng Fei	Directors, executives
Zhang Gang	Executives
Yang Yan	Director
Hu Zhang Shun	Director
Cui Hai Long	Director

Elec-tech International Co (SZSE:002005) Headlines

No Headlines