BII Railway Transportation Technology Holdings Co (FRA:CN6) ROCE % : 14.07% (As of Dec. 2023)

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What is BII Railway Transportation Technology Holdings 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. BII Railway Transportation Technology Holdings Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.07%.

BII Railway Transportation Technology Holdings Co ROCE % Historical Data

The historical data trend for BII Railway Transportation Technology Holdings 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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BII Railway Transportation Technology Holdings Co ROCE % Chart

BII Railway Transportation Technology Holdings Co Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.64

8.12

9.14

7.75

7.06

BII Railway Transportation Technology Holdings Co Semi-Annual Data
	Dec13	Jun14	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															10.99	2.09	13.37	0.58	14.07

BII Railway Transportation Technology Holdings Co ROCE % Calculation

BII Railway Transportation Technology Holdings 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 )
	=	25.168	/	( ( (533.967 - 167.145)	+	(529.394 - 183.239) )	/ 2 )
	=	25.168	/	( (366.822	+	346.155)	/ 2 )
	=	25.168	/	356.4885
	=	7.06 %

BII Railway Transportation Technology Holdings 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 )
	=	48.284	/	( ( (496.082 - 156.035)	+	(529.394 - 183.239) )	/ 2 )
	=	48.284	/	( ( 340.047	+	346.155 )	/ 2 )
	=	48.284	/	343.101
	=	14.07 %

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

BII Railway Transportation Technology Holdings Co (FRA:CN6) 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.

BII Railway Transportation Technology Holdings Co ROCE % Related Terms

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BII Railway Transportation Technology Holdings Co (FRA:CN6) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » BII Railway Transportation Technology Holdings Co Ltd (FRA:CN6) » Definitions » ROCE %

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01522:Hong Kong

Address

No.4 Huixin East Street, Floor 15th, Tower 2, Fusheng Building, Chaoyang District, Beijing, CHN

Website

https://www.biitt.cn

BII Railway Transportation Technology Holdings Co Ltd is engaged in designing, implementing, selling, and maintenance, of application solutions for the networking and controlling systems of public transport. Its segments include Intelligent railway transportation, Infrastructure information, and Business development investment. The key part of the revenue is from the Intelligent railway transportation segment that provides design, production, implementation and sale, and maintenance of application solution services, which include related software, hardware, and spare parts in railway transportation areas. The group's revenue is from customers in the People's Republic of China.

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