Huizhou Speed Wireless Technology Co (SZSE:300322) ROCE % : -0.56% (As of Mar. 2024)

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What is Huizhou Speed Wireless 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. Huizhou Speed Wireless Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.56%.

Huizhou Speed Wireless Technology Co ROCE % Historical Data

The historical data trend for Huizhou Speed Wireless 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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Huizhou Speed Wireless Technology Co ROCE % Chart

Huizhou Speed Wireless Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.13

5.20

2.68

-5.33

-12.67

Huizhou Speed Wireless 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															-4.68	-29.74	-4.77	-11.06	-0.56

Huizhou Speed Wireless Technology Co ROCE % Calculation

Huizhou Speed Wireless 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 )
	=	-190.798	/	( ( (2994.16 - 1359.785)	+	(2883.54 - 1506.173) )	/ 2 )
	=	-190.798	/	( (1634.375	+	1377.367)	/ 2 )
	=	-190.798	/	1505.871
	=	-12.67 %

Huizhou Speed Wireless 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 )
	=	-7.748	/	( ( (2883.54 - 1506.173)	+	(2772.412 - 1384.291) )	/ 2 )
	=	-7.748	/	( ( 1377.367	+	1388.121 )	/ 2 )
	=	-7.748	/	1382.744
	=	-0.56 %

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

Huizhou Speed Wireless Technology Co (SZSE:300322) 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.

Huizhou Speed Wireless Technology Co ROCE % Related Terms

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Huizhou Speed Wireless Technology Co (SZSE:300322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Huizhou Speed Wireless Technology Co Ltd (SZSE:300322) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

SX-01-02, Shangxia Section, Hi-tech District of East-river, Guangdong, Huizhou, CHN, 516255

Website

http://www.speed-hz.com

Huizhou Speed Wireless Technology Co Ltd is a manufacturer of wireless communication antennas and intelligent terminal product components. The product range consists of precision molds, plastic and metal structure, wireless charging products, fingerprint sensor module, and semiconductor packaging and testing, advanced intelligent test fixture and equipment. The products are mainly used in mobile phones, tablets, wearable devices, notebook computers, automobiles, unmanned aerial vehicles, security monitoring and other fields.

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