Foshan Nationstar Optoelectronics Co (SZSE:002449) ROCE % : 3.01% (As of Mar. 2024)

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What is Foshan Nationstar 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. Foshan Nationstar Optoelectronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.01%.

Foshan Nationstar Optoelectronics Co ROCE % Historical Data

The historical data trend for Foshan Nationstar 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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Foshan Nationstar Optoelectronics Co ROCE % Chart

Foshan Nationstar Optoelectronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.96

2.40

6.75

3.16

2.28

Foshan Nationstar Optoelectronics 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															2.80	3.04	3.13	-0.08	3.01

Foshan Nationstar Optoelectronics Co ROCE % Calculation

Foshan Nationstar 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 )
	=	99.005	/	( ( (6579.872 - 2079.713)	+	(6526.413 - 2340.584) )	/ 2 )
	=	99.005	/	( (4500.159	+	4185.829)	/ 2 )
	=	99.005	/	4342.994
	=	2.28 %

Foshan Nationstar 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 )
	=	127.076	/	( ( (6526.413 - 2340.584)	+	(6417.094 - 2161.704) )	/ 2 )
	=	127.076	/	( ( 4185.829	+	4255.39 )	/ 2 )
	=	127.076	/	4220.6095
	=	3.01 %

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

Foshan Nationstar Optoelectronics Co (SZSE:002449) 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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Foshan Nationstar Optoelectronics Co (SZSE:002449) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Foshan Nationstar Optoelectronics Co Ltd (SZSE:002449) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO.18 South Hua Bao Road, Chan Cheng District, FoShan, GuangDong, CHN, 528000

Website

http://www.nationstar.com

Foshan Nationstar Optoelectronics Co Ltd is a China-based company. It manufactures and sells LED and LED applied products. The company offers LED packaging technology and devices, including high-speed die bonding, wire bonding, precise color testing and bin-sorting machines, etc., as well as full-color LEDs for indoor and outdoor displays; and components for lighting, such as flip-chips, chip-on-board, and CSPs for a range of applications comprising illuminaires.

Executives

Wang Hai Jun	Executives
Li Cheng	Directors, executives
Lei Zi He	Directors, executives
Li Qi Ying	Executives
Wang Yao Hao	Director
Wei Cui E	Executives
Li Xu Feng	Supervisors
Song Dai Hui	Executives
Wang Sen	Directors, executives
Chen Rui Tian	Executives
Yan Xing	Supervisors
Cai Ju Yi	Supervisors
Yu Bin Hai	Director
Zhang Jian Qi	Director

Foshan Nationstar Optoelectronics Co (SZSE:002449) Headlines

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