CCSC Technology International Holdings (CCSC Technology International Holdings) ROCE % : -4.61% (As of Sep. 2023)

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What is CCSC Technology International Holdings 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. CCSC Technology International Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -4.61%.

CCSC Technology International Holdings ROCE % Historical Data

The historical data trend for CCSC Technology International Holdings'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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CCSC Technology International Holdings ROCE % Chart

CCSC Technology International Holdings Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

38.62

29.88

16.69

CCSC Technology International Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			39.59	22.81	38.23	-4.85	-4.61

CCSC Technology International Holdings ROCE % Calculation

CCSC Technology International Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1.851	/	( ( (16.39 - 6.781)	+	(16.963 - 4.39) )	/ 2 )
	=	1.851	/	( (9.609	+	12.573)	/ 2 )
	=	1.851	/	11.091
	=	16.69 %

CCSC Technology International Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-0.568	/	( ( (16.963 - 4.39)	+	(16.512 - 4.468) )	/ 2 )
	=	-0.568	/	( ( 12.573	+	12.044 )	/ 2 )
	=	-0.568	/	12.3085
	=	-4.61 %

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

CCSC Technology International Holdings (NAS:CCTG) 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.

CCSC Technology International Holdings ROCE % Related Terms

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CCSC Technology International Holdings (CCSC Technology International Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CCSC Technology International Holdings Ltd (NAS:CCTG) » Definitions » ROCE %

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Address

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CCSC Technology International Holdings Ltd is a company primarily involved in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses. They specialize in customized interconnect products, including connectors, cables and harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products.

CCSC Technology International Holdings (CCSC Technology International Holdings) Headlines

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