Visionox Technology (SZSE:002387) ROCE % : -8.91% (As of Jun. 2024)

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What is Visionox Technology 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. Visionox Technology's annualized ROCE % for the quarter that ended in Jun. 2024 was -8.91%.

Visionox Technology ROCE % Historical Data

The historical data trend for Visionox Technology'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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Visionox Technology ROCE % Chart

Visionox Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.78

3.67

-5.70

-9.37

-20.19

Visionox Technology 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															-20.80	-22.86	-24.38	-14.02	-8.91

Visionox Technology ROCE % Calculation

Visionox Technology'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 )
	=	-4099.046	/	( ( (40069.101 - 17562.498)	+	(39093.586 - 20996.676) )	/ 2 )
	=	-4099.046	/	( (22506.603	+	18096.91)	/ 2 )
	=	-4099.046	/	20301.7565
	=	-20.19 %

Visionox Technology'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 )
	=	-1645.476	/	( ( (43936.303 - 25265.685)	+	(40754.726 - 22472.882) )	/ 2 )
	=	-1645.476	/	( ( 18670.618	+	18281.844 )	/ 2 )
	=	-1645.476	/	18476.231
	=	-8.91 %

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

Visionox Technology (SZSE:002387) 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.

Visionox Technology ROCE % Related Terms

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Visionox Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Visionox Technology Inc (SZSE:002387) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1,Longteng Road, Kunshan Economic&Technological Development Zone, Jiangsu, Shanghai, CHN, 215300

Website

http://www.visionox.com

Visionox Technology Inc is engaged in OLED technology development. The products of the company include AMOLED displays, PMOLED displays, and displays for industrial use. The company also provides after sales service.

Executives

Zhang De Qiang	Directors, executives
Yan Ruo Yuan	Directors, executives
Lin Xiu Hai	Directors, executives
Lin Xiu Hao	Director
He Wen Biao	Independent director
Huang Xun Cai	Supervisors
Chen Ru	Director
Huang Shu Zhong	Director, Director Secretary
He Yu Long	Directors, executives
Deng Chan Yu	Supervisors
Lin Shao Ping	Supervisors
Wu Di Nian	Directors, executives
Chen Ke Mei	Executives
Yao Li Chang	Director
Lin Xi Qin	Executives

Visionox Technology Headlines

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