Sinosoft Technology Group (HKSE:01297) ROCE % : -6.66% (As of Jun. 2023)

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What is Sinosoft Technology Group 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. Sinosoft Technology Group's annualized ROCE % for the quarter that ended in Jun. 2023 was -6.66%.

Sinosoft Technology Group ROCE % Historical Data

The historical data trend for Sinosoft Technology Group'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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Sinosoft Technology Group ROCE % Chart

Sinosoft Technology Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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20.38

15.46

27.50

0.94

-6.86

Sinosoft Technology Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-2.75	4.88	0.88	-14.91	-6.66

Sinosoft Technology Group ROCE % Calculation

Sinosoft Technology Group's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-157.099	/	( ( (2736.774 - 261.79)	+	(2366.514 - 263.751) )	/ 2 )
	=	-157.099	/	( (2474.984	+	2102.763)	/ 2 )
	=	-157.099	/	2288.8735
	=	-6.86 %

Sinosoft Technology Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-136.258	/	( ( (2366.514 - 263.751)	+	(2262.773 - 272.834) )	/ 2 )
	=	-136.258	/	( ( 2102.763	+	1989.939 )	/ 2 )
	=	-136.258	/	2046.351
	=	-6.66 %

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

Sinosoft Technology Group (HKSE:01297) 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.

Sinosoft Technology Group ROCE % Related Terms

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Sinosoft Technology Group (HKSE:01297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinosoft Technology Group Ltd (HKSE:01297) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Tianpu Road, Jiangpu Street, Pukou District, Jiangsu, Nanjing City, CHN

Website

https://www.sinosoft-technology.com

Sinosoft Technology Group Ltd is a Hong Kong-based provider of application software products and solutions. The firm's operations are organized in two segments: Government big data software and related services, Low carbon & ecology software and related services.

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