Xiamen Intretech (SZSE:002925) ROCE % : 5.00% (As of Mar. 2024)

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What is Xiamen Intretech 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. Xiamen Intretech's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.00%.

Xiamen Intretech ROCE % Historical Data

The historical data trend for Xiamen Intretech'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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Xiamen Intretech ROCE % Chart

Xiamen Intretech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.50

24.87

21.24

12.96

9.37

Xiamen Intretech 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															6.78	9.24	10.60	10.05	5.00

Xiamen Intretech ROCE % Calculation

Xiamen Intretech'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 )
	=	565.234	/	( ( (7763.657 - 1579.937)	+	(7367.542 - 1489.514) )	/ 2 )
	=	565.234	/	( (6183.72	+	5878.028)	/ 2 )
	=	565.234	/	6030.874
	=	9.37 %

Xiamen Intretech'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 )
	=	289.128	/	( ( (7367.542 - 1489.514)	+	(7242.958 - 1550.033) )	/ 2 )
	=	289.128	/	( ( 5878.028	+	5692.925 )	/ 2 )
	=	289.128	/	5785.4765
	=	5.00 %

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

Xiamen Intretech (SZSE:002925) 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.

Xiamen Intretech ROCE % Related Terms

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Xiamen Intretech (SZSE:002925) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiamen Intretech Inc (SZSE:002925) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

2-7 Floor, No. 588 Jiahe Road, Torch Park, Huli District, Fujian, Xiamen, CHN, 361006

Website

http://www.intretech.com

Xiamen Intretech Inc manufactures family entertainment control equipment, man-machine interface control equipment, computer automatic storage equipment, automotive electronics and related electronic products. Its overseas business is mainly on Original Design Manufacturing (ODM) and Original Equipment Manufacturer (OEM) business with global brand products.

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