Anhui Coreach Technology Co (SZSE:002983) ROCE % : 10.43% (As of Mar. 2024)

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What is Anhui Coreach 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. Anhui Coreach Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.43%.

Anhui Coreach Technology Co ROCE % Historical Data

The historical data trend for Anhui Coreach 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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Anhui Coreach Technology Co ROCE % Chart

Anhui Coreach Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.43

12.78

8.70

10.45

14.90

Anhui Coreach Technology 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															11.42	20.46	12.38	15.00	10.43

Anhui Coreach Technology Co ROCE % Calculation

Anhui Coreach 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 )
	=	189.643	/	( ( (1561.375 - 398.5)	+	(1810.513 - 427.567) )	/ 2 )
	=	189.643	/	( (1162.875	+	1382.946)	/ 2 )
	=	189.643	/	1272.9105
	=	14.90 %

Anhui Coreach 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 )
	=	146.408	/	( ( (1810.513 - 427.567)	+	(1829.714 - 406.188) )	/ 2 )
	=	146.408	/	( ( 1382.946	+	1423.526 )	/ 2 )
	=	146.408	/	1403.236
	=	10.43 %

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

Anhui Coreach Technology Co (SZSE:002983) 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.

Anhui Coreach Technology Co ROCE % Related Terms

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Anhui Coreach Technology Co (SZSE:002983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Anhui Coreach Technology Co Ltd (SZSE:002983) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6988 Fangxing Avenue, Xinruida Technology Park, Hefei Economic and Technological Development Zone, Anhui Province, Hefei, CHN, 230000

Website

http://www.coreach.com.cn

Anhui Coreach Technology Co Ltd is engaged in research and development, production and sales of new display photoelectric systems and healthy intelligent light source systems. The company develops and promotes a series of technical schemes such as high light efficiency backlight module design, ultra-light and thin backlight module technology, high color gamut display technology, blue light reduction and eye protection display technology. Its products portfolio includes Side - in backlight, Straight Down Backlight, Miniled Backlight, Household Lighting, Commercial Lighting, Education Lighting, Backlight LED, Lighting LED, and Special LED.

Executives

Li Quan Yong	Directors, executives
Lv Guo Qiang	Independent director
Wang Peng Sheng	Executives

Anhui Coreach Technology Co (SZSE:002983) Headlines

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