BOE Varitronix (BOE Varitronix) ROCE % : 14.14% (As of Dec. 2023)

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What is BOE Varitronix 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. BOE Varitronix's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.14%.

BOE Varitronix ROCE % Historical Data

The historical data trend for BOE Varitronix'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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BOE Varitronix ROCE % Chart

BOE Varitronix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.04

2.47

11.31

17.75

12.28

BOE Varitronix Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															16.30	16.24	20.97	11.11	14.14

BOE Varitronix ROCE % Calculation

BOE Varitronix'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 )
	=	72.377	/	( ( (1063.927 - 527.028)	+	(1284.779 - 643.14) )	/ 2 )
	=	72.377	/	( (536.899	+	641.639)	/ 2 )
	=	72.377	/	589.269
	=	12.28 %

BOE Varitronix's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	84.222	/	( ( (1078.686 - 529.125)	+	(1284.779 - 643.14) )	/ 2 )
	=	84.222	/	( ( 549.561	+	641.639 )	/ 2 )
	=	84.222	/	595.6
	=	14.14 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

BOE Varitronix (OTCPK:VARXF) 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.

BOE Varitronix ROCE % Related Terms

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BOE Varitronix (BOE Varitronix) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BOE Varitronix Ltd (OTCPK:VARXF) » Definitions » ROCE %

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Traded in Other Exchanges

00710:Hong Kong VTX:Germany

Address

Number 7 Shing Yip Street, Units A - F, 35th Floor, Legend Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.boevx.com

BOE Varitronix Ltd is an investment holding company. It is principally engaged in automobile and industrial display products and has a monochrome display manufacturing capacity. It manufactures various products in the category of automobile, industrial, white goods, medical, and other. The company operates in one business segment which is the Manufacture and Sale of Liquid Crystal Displays and Related Products. The company's geographical segments include the PRC, Europe, America, Korea, and other regions, out of which the PRC accounts for the majority of the revenue.

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