CCID Consulting Co (HKSE:02176) ROCE % : 56.04% (As of Dec. 2023)

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What is CCID Consulting 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. CCID Consulting Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 56.04%.

CCID Consulting Co ROCE % Historical Data

The historical data trend for CCID Consulting 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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CCID Consulting Co ROCE % Chart

CCID Consulting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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36.07

12.59

17.62

12.21

43.68

CCID Consulting Co 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															19.82	-8.35	36.79	31.69	56.04

CCID Consulting Co ROCE % Calculation

CCID Consulting 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 )
	=	86.048	/	( ( (345.725 - 159.8)	+	(409.557 - 201.501) )	/ 2 )
	=	86.048	/	( (185.925	+	208.056)	/ 2 )
	=	86.048	/	196.9905
	=	43.68 %

CCID Consulting Co'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 )
	=	112.176	/	( ( (406.862 - 214.567)	+	(409.557 - 201.501) )	/ 2 )
	=	112.176	/	( ( 192.295	+	208.056 )	/ 2 )
	=	112.176	/	200.1755
	=	56.04 %

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

CCID Consulting Co (HKSE:02176) 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.

CCID Consulting Co ROCE % Related Terms

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CCID Consulting Co (HKSE:02176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CCID Consulting Co Ltd (HKSE:02176) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CCX:Germany

Address

66 Zizhuyuan Road, 10th Floor, CCID Plaza, Haidian District, Beijing, CHN, 100048

Website

http://www.ccidconsulting.com

CCID Consulting Co Ltd is engaged in the provision of management and strategic consultancy services, market consultancy services, information engineering supervision services, data information design services, training courses services and subscription to information system services, and conference consultation and exhibition services. The company is also engaged in the provision of industry spatial management services which is included in the management and strategic consultancy services segment. The company operates in the PRC.

CCID Consulting Co (HKSE:02176) Headlines

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