Focused Photonics (Hangzhou) (SZSE:300203) ROCE % : -1.02% (As of Mar. 2024)

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What is Focused Photonics (Hangzhou) 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. Focused Photonics (Hangzhou)'s annualized ROCE % for the quarter that ended in Mar. 2024 was -1.02%.

Focused Photonics (Hangzhou) ROCE % Historical Data

The historical data trend for Focused Photonics (Hangzhou)'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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Focused Photonics (Hangzhou) ROCE % Chart

Focused Photonics (Hangzhou) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.59

11.45

-4.56

-4.78

-3.18

Focused Photonics (Hangzhou) 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															-6.31	-0.72	-1.64	-3.85	-1.02

Focused Photonics (Hangzhou) ROCE % Calculation

Focused Photonics (Hangzhou)'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 )
	=	-194.239	/	( ( (10287.368 - 4058.7)	+	(9715.377 - 3736.074) )	/ 2 )
	=	-194.239	/	( (6228.668	+	5979.303)	/ 2 )
	=	-194.239	/	6103.9855
	=	-3.18 %

Focused Photonics (Hangzhou)'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 )
	=	-60.1	/	( ( (9715.377 - 3736.074)	+	(9509.373 - 3725.012) )	/ 2 )
	=	-60.1	/	( ( 5979.303	+	5784.361 )	/ 2 )
	=	-60.1	/	5881.832
	=	-1.02 %

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

Focused Photonics (Hangzhou) (SZSE:300203) 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.

Focused Photonics (Hangzhou) ROCE % Related Terms

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Focused Photonics (Hangzhou) (SZSE:300203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Focused Photonics (Hangzhou) Inc (SZSE:300203) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Qian'mo Road, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310051

Website

http://www.fpi-inc.com

Focused Photonics (Hangzhou) Inc. is engaged in R&D, manufacture, and distribution of instruments which are widely used in safety monitoring and environmental protection. It measures gas, air, dust, and water. The company offers its products for use in marine, engine, refinery, chemical, natural gas, iron and steel, power plant, waste incineration, cement, and emission applications. Its products are well known in China and distributed worldwide.

Executives

Gu Hai Tao	Director
Han Shuang Lai	Directors, executives
Wei Jun Zheng	Supervisors
Yao Na Xin	Directors, executives
Wang Jian	Directors, executives
Sun You Xian	Independent director

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