Inno Laser Technology Co (SZSE:301021) ROCE % : -5.96% (As of Mar. 2024)

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What is Inno Laser 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. Inno Laser Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.96%.

Inno Laser Technology Co ROCE % Historical Data

The historical data trend for Inno Laser 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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Inno Laser Technology Co ROCE % Chart

Inno Laser Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.72

13.03

10.07

2.09

-1.44

Inno Laser 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															-1.87	-1.76	-1.48	-0.70	-5.96

Inno Laser Technology Co ROCE % Calculation

Inno Laser 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 )
	=	-14.603	/	( ( (1078.823 - 62.504)	+	(1169.558 - 164.401) )	/ 2 )
	=	-14.603	/	( (1016.319	+	1005.157)	/ 2 )
	=	-14.603	/	1010.738
	=	-1.44 %

Inno Laser 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 )
	=	-59.672	/	( ( (1169.558 - 164.401)	+	(1202.515 - 204.789) )	/ 2 )
	=	-59.672	/	( ( 1005.157	+	997.726 )	/ 2 )
	=	-59.672	/	1001.4415
	=	-5.96 %

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

Inno Laser Technology Co (SZSE:301021) 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.

Inno Laser Technology Co ROCE % Related Terms

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Inno Laser Technology Co (SZSE:301021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Inno Laser Technology Co Ltd (SZSE:301021) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 8 Langshan 2nd Road, 305, Qingyi Optoelectronic Building, North District, Science and Technology Park, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

https://www.inno-laser.com

Inno Laser Technology Co Ltd focuses on the research and development, production, and sales of lasers in the field of micromachining and provides customers with customized microfabrication in the form of laser modules.

Executives

Zhang Yong

Directors, executives

Inno Laser Technology Co (SZSE:301021) Headlines

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