InfoVision Optoelectronics Kunshan Co (SHSE:688055) ROCE % : -5.78% (As of Jun. 2024)

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What is InfoVision Optoelectronics Kunshan 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. InfoVision Optoelectronics Kunshan Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -5.78%.

InfoVision Optoelectronics Kunshan Co ROCE % Historical Data

The historical data trend for InfoVision Optoelectronics Kunshan 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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InfoVision Optoelectronics Kunshan Co ROCE % Chart

InfoVision Optoelectronics Kunshan Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.74

8.99

24.49

6.05

-6.21

InfoVision Optoelectronics Kunshan Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-6.70	-3.74	-3.74	-5.18	-5.78

InfoVision Optoelectronics Kunshan Co ROCE % Calculation

InfoVision Optoelectronics Kunshan 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 )
	=	-308.398	/	( ( (6877.899 - 1903.536)	+	(7367.976 - 2403.552) )	/ 2 )
	=	-308.398	/	( (4974.363	+	4964.424)	/ 2 )
	=	-308.398	/	4969.3935
	=	-6.21 %

InfoVision Optoelectronics Kunshan Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-270.336	/	( ( (7242.487 - 2633.739)	+	(7172.995 - 2421.793) )	/ 2 )
	=	-270.336	/	( ( 4608.748	+	4751.202 )	/ 2 )
	=	-270.336	/	4679.975
	=	-5.78 %

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

InfoVision Optoelectronics Kunshan Co (SHSE:688055) 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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InfoVision Optoelectronics Kunshan Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » InfoVision Optoelectronics Kunshan Co Ltd (SHSE:688055) » Definitions » ROCE %

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Address

No. 1, Longteng Road, Kunshan Development Zone, Jiangsu Province, Suzhou, CHN, 215300

Website

https://www.ivo.com.cn

InfoVision Optoelectronics Kunshan Co Ltd is engaged in production and sales of thin film transistor liquid crystal displays (TFT-LCD). The company manufactures liquid crystal displays for mobile communications, tablets, desktop computers, laptop, industrial applications, and vehicle applications.

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