Suzhou Good-Ark Electronics Co (SZSE:002079) ROCE % : 1.83% (As of Mar. 2024)

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What is Suzhou Good-Ark Electronics 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. Suzhou Good-Ark Electronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.83%.

Suzhou Good-Ark Electronics Co ROCE % Historical Data

The historical data trend for Suzhou Good-Ark Electronics 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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Suzhou Good-Ark Electronics Co ROCE % Chart

Suzhou Good-Ark Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.99

6.20

11.91

16.51

6.44

Suzhou Good-Ark Electronics 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															4.02	5.51	4.67	11.41	1.83

Suzhou Good-Ark Electronics Co ROCE % Calculation

Suzhou Good-Ark Electronics 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 )
	=	187.307	/	( ( (3418.464 - 571.203)	+	(3926.08 - 952.227) )	/ 2 )
	=	187.307	/	( (2847.261	+	2973.853)	/ 2 )
	=	187.307	/	2910.557
	=	6.44 %

Suzhou Good-Ark Electronics 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 )
	=	54.412	/	( ( (3926.08 - 952.227)	+	(4010.158 - 1028.413) )	/ 2 )
	=	54.412	/	( ( 2973.853	+	2981.745 )	/ 2 )
	=	54.412	/	2977.799
	=	1.83 %

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

Suzhou Good-Ark Electronics Co (SZSE:002079) 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.

Suzhou Good-Ark Electronics Co ROCE % Related Terms

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Suzhou Good-Ark Electronics Co (SZSE:002079) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Suzhou Good-Ark Electronics Co Ltd (SZSE:002079) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 31, Tongxi Road, Tongan Development Zone, Jiangsu, Suzhou, CHN, 215002

Website

http://www.goodark.com

Suzhou Good-Ark Electronics Co Ltd is a China-based company engaged in the semiconductor industry. It designs, manufactures, packages and sells semiconductors. The products offered by the company include the leadless integrated circuits and discrete devices, automotive rectifier diode, power modules, rectifier diode chip, silicon rectifier diodes, switching diodes, Zener diodes, miniature bridges, military fuse, and photovoltaic bypass module. The company sells its products in China and other countries.

Executives

Wu Nian Bo	Director
Xie Qian Qian	Executives
Teng You Xi	Directors, executives
Yang Xiao Ping	Executives
Gu Mei Jun	Executives
Wen Su Bin	Independent director
Tang Zai Nan	Directors, executives
Yang Shuo	Securities Affairs Representative
Huang Hao Rong	Supervisors
Lu Fei Min	Supervisors
Jiang Xiao Hang	Supervisors

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