Shenzhen CDL Precision Technology Co (SZSE:300686) ROCE % : -7.35% (As of Mar. 2024)

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What is Shenzhen CDL Precision 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. Shenzhen CDL Precision Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.35%.

Shenzhen CDL Precision Technology Co ROCE % Historical Data

The historical data trend for Shenzhen CDL Precision 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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Shenzhen CDL Precision Technology Co ROCE % Chart

Shenzhen CDL Precision Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.51

12.01

3.74

-11.41

-15.97

Shenzhen CDL Precision 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															-10.82	-16.89	-15.61	-22.03	-7.35

Shenzhen CDL Precision Technology Co ROCE % Calculation

Shenzhen CDL Precision 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 )
	=	-235.02	/	( ( (2581.096 - 937.407)	+	(2398.079 - 1098.001) )	/ 2 )
	=	-235.02	/	( (1643.689	+	1300.078)	/ 2 )
	=	-235.02	/	1471.8835
	=	-15.97 %

Shenzhen CDL Precision 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 )
	=	-94.008	/	( ( (2398.079 - 1098.001)	+	(2359.158 - 1102.347) )	/ 2 )
	=	-94.008	/	( ( 1300.078	+	1256.811 )	/ 2 )
	=	-94.008	/	1278.4445
	=	-7.35 %

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

Shenzhen CDL Precision Technology Co (SZSE:300686) 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 CDL Precision Technology Co ROCE % Related Terms

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Shenzhen CDL Precision Technology Co (SZSE:300686) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen CDL Precision Technology Co Ltd (SZSE:300686) » Definitions » ROCE %

Comparable Companies

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Address

Tianxin Community Jintian Road, Pingshan New District, Shenzhen, CHN, 518118

Website

http://www.szcdl.com

Shenzhen CDL Precision Technology Co Ltd is engaged in providing external and internal functional devices products for the well-known brand mobile phone, electronic digital products. It mainly produces a functional device for the consumer electronics product, smartphones, tablets and other consumer electronics products. Its Internal functional devices mainly include paste, fixed function devices, buffer, sealing device, conductive and shielding function devices, insulation function devices, thermal conductivity, heat dissipation function devices, strengthening and maintaining strong function devices. Its External functional devices mainly include protective film, dust-proof net, labels, packing box.

Executives

Chen Dan Hua	Executives
Zhang Guo Shu	Executives
Fang Ji Xin	Secretary Dong
Liu Wei	Directors, executives
Ke Dong Zhou	Independent director
Lai Xiao Xia	Supervisors

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