Shenzhen Fine Made Electronics Group Co (SZSE:300671) ROCE % : -5.12% (As of Mar. 2024)

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What is Shenzhen Fine Made Electronics Group 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 Fine Made Electronics Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.12%.

Shenzhen Fine Made Electronics Group Co ROCE % Historical Data

The historical data trend for Shenzhen Fine Made Electronics Group 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 Fine Made Electronics Group Co ROCE % Chart

Shenzhen Fine Made Electronics Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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11.39

7.72

13.08

28.11

-9.04

Shenzhen Fine Made Electronics Group 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	-10.38	-7.23	-36.98	-5.12

Shenzhen Fine Made Electronics Group Co ROCE % Calculation

Shenzhen Fine Made Electronics Group Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-219.253	/	( ( (2964.846 - 469.278)	+	(3275.223 - 918.116) )	/ 2 )
	=	-219.253	/	( (2495.568	+	2357.107)	/ 2 )
	=	-219.253	/	2426.3375
	=	-9.04 %

Shenzhen Fine Made Electronics Group 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 )
	=	-100.076	/	( ( (2913.712 - 949.483)	+	(2776.238 - 828.383) )	/ 2 )
	=	-100.076	/	( ( 1964.229	+	1947.855 )	/ 2 )
	=	-100.076	/	1956.042
	=	-5.12 %

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

Shenzhen Fine Made Electronics Group Co (SZSE:300671) 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.

Shenzhen Fine Made Electronics Group Co ROCE % Related Terms

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Shenzhen Fine Made Electronics Group Co (SZSE:300671) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Fine Made Electronics Group Co Ltd (SZSE:300671) » Definitions » ROCE %

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Address

18th Floor, West District, Times Technology Building, Nongyuan Road, Xiangmihu Street, Futian District, Guangdong Province, Shenzhen, CHN, 518048

Website

http://www.superchip.cn

Shenzhen Fine Made Electronics Group Co Ltd is an integrated circuit design enterprises. It is engaged in the design, research and development, production and operation of high-performance analog and digital-analog hybrid integrated circuits. Its product portfolio comprises power management, LED control and drive, MOSFET class, infrared remote control class and other consumer products.

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