Synthesis Electronic Technology Co (SZSE:300479) ROCE % : -30.19% (As of Mar. 2024)

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What is Synthesis Electronic 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. Synthesis Electronic Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -30.19%.

Synthesis Electronic Technology Co ROCE % Historical Data

The historical data trend for Synthesis Electronic 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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Synthesis Electronic Technology Co ROCE % Chart

Synthesis Electronic Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.53

2.23

-22.80

-15.52

-11.65

Synthesis Electronic 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															-0.58	-13.53	-22.56	-9.09	-30.19

Synthesis Electronic Technology Co ROCE % Calculation

Synthesis Electronic 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 )
	=	-73.311	/	( ( (854.113 - 174.663)	+	(1332.338 - 752.933) )	/ 2 )
	=	-73.311	/	( (679.45	+	579.405)	/ 2 )
	=	-73.311	/	629.4275
	=	-11.65 %

Synthesis Electronic 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 )
	=	-168.292	/	( ( (1332.338 - 752.933)	+	(1232.324 - 696.992) )	/ 2 )
	=	-168.292	/	( ( 579.405	+	535.332 )	/ 2 )
	=	-168.292	/	557.3685
	=	-30.19 %

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

Synthesis Electronic Technology Co (SZSE:300479) 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.

Synthesis Electronic Technology Co ROCE % Related Terms

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Synthesis Electronic Technology Co (SZSE:300479) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Synthesis Electronic Technology Co Ltd (SZSE:300479) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

High-tech Zone, Shunhua Road, No. 699 Spiritual Technology Park, Jinan, CHN, 250101

Website

http://www.sdses.com

Synthesis Electronic Technology Co Ltd is engaged in developing, producing, selling and servicing smart Identity authentication terminals and industrial application software. The solutions developed have been put into batch commercial application in banking, public security, communication, social security, and medical care. The company is also into data and cloud computing services.

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