Shenzhen Refond Optoelectronics Co (SZSE:300241) ROCE % : 1.75% (As of Mar. 2024)

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What is Shenzhen Refond 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. Shenzhen Refond Optoelectronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.75%.

Shenzhen Refond Optoelectronics Co ROCE % Historical Data

The historical data trend for Shenzhen Refond 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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Shenzhen Refond Optoelectronics Co ROCE % Chart

Shenzhen Refond Optoelectronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.28

3.69

6.04

0.87

-2.29

Shenzhen Refond 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															-2.28	0.13	1.82	-8.90	1.75

Shenzhen Refond Optoelectronics Co ROCE % Calculation

Shenzhen Refond 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 )
	=	-54.72	/	( ( (3641.544 - 1138.632)	+	(3582.486 - 1309.634) )	/ 2 )
	=	-54.72	/	( (2502.912	+	2272.852)	/ 2 )
	=	-54.72	/	2387.882
	=	-2.29 %

Shenzhen Refond 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 )
	=	39.692	/	( ( (3582.486 - 1309.634)	+	(3235.369 - 976.916) )	/ 2 )
	=	39.692	/	( ( 2272.852	+	2258.453 )	/ 2 )
	=	39.692	/	2265.6525
	=	1.75 %

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

Shenzhen Refond Optoelectronics Co (SZSE:300241) 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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Shenzhen Refond Optoelectronics Co (SZSE:300241) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Refond Optoelectronics Co Ltd (SZSE:300241) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tenth Industrial Zone, Tianyu Community, Gongming Office, 6th Floor, Building 1, Guangming New District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.refond.com

Shenzhen Refond Optoelectronics Co Ltd is a Chinese company principally engaged in offering lighting solutions. In produces and sells UV modules and components, automotive modules and components, LED special application modules, general and special lighting modules, indoor and outdoor lightings, Chip LEDs, TOP LEDs, Power LEDs, among others. The company's products are sold in China and other countries.

Executives

Ge Zhi Jian	Executives
Liu Ya Fang	Securities Affairs Representative
Pei Xiao Ming	Executives
Jian Xiao Hua	Supervisors
Gong Wei Bin	Directors, executives
Hu Jian Hua	Director
Zhuang Ji Li	Executives
Wu Qiang	Directors, executives
Peng Xiao Ling	Executives
Ke Han Hua	Director
Long Sheng	Director
Lin Chang	Directors, executives
Zhou Wen Hao	Director

Shenzhen Refond Optoelectronics Co (SZSE:300241) Headlines

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