Shanghai Jiaoda Withub Information Industrial Co (HKSE:08205) ROCE % : 42.85% (As of Dec. 2023)

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What is Shanghai Jiaoda Withub Information Industrial 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. Shanghai Jiaoda Withub Information Industrial Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 42.85%.

Shanghai Jiaoda Withub Information Industrial Co ROCE % Historical Data

The historical data trend for Shanghai Jiaoda Withub Information Industrial 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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Shanghai Jiaoda Withub Information Industrial Co ROCE % Chart

Shanghai Jiaoda Withub Information Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.14

-38.36

-8.63

-50.97

-28.19

Shanghai Jiaoda Withub Information Industrial Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-84.03	-40.43	-89.04	-21.51	42.85

Shanghai Jiaoda Withub Information Industrial Co ROCE % Calculation

Shanghai Jiaoda Withub Information Industrial 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 )
	=	-7.434	/	( ( (53.838 - 21.984)	+	(43.094 - 22.211) )	/ 2 )
	=	-7.434	/	( (31.854	+	20.883)	/ 2 )
	=	-7.434	/	26.3685
	=	-28.19 %

Shanghai Jiaoda Withub Information Industrial 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	8.948	/	( ( (0 - 0)	+	(43.094 - 22.211) )	/ 1 )
	=	8.948	/	( ( 0	+	20.883 )	/ 1 )
	=	8.948	/	20.883
	=	42.85 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Shanghai Jiaoda Withub Information Industrial Co (HKSE:08205) 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.

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Shanghai Jiaoda Withub Information Industrial Co (HKSE:08205) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Jiaoda Withub Information Industrial Co Ltd (HKSE:08205) » Definitions » ROCE %

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Address

Building A, No. 951 Panyu Road, Shanghai Jiaoda Withub Information Park, Shanghai, CHN, 200030

Website

http://www.withub.com.cn

Shanghai Jiaoda Withub Information Industrial Co Ltd is engaged in computer network and internet security integration, application software development, building intelligent system integration, and information technology products sales agent. The business of company operates through two segments that include Business application project and application software & Sales of Products. The Business Application Project and Application Software segment is engaged in the development and provision of business application project services, including business solutions, application software, installation & maintenance services, and data security products. The Business Application Solutions generate maximum revenue for the company. It offers its services only to the People's Republic of China region.

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