Fujian Foxit Software Development Joint Stock Co (SHSE:688095) ROCE % : -1.60% (As of Mar. 2024)

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What is Fujian Foxit Software Development Joint Stock 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. Fujian Foxit Software Development Joint Stock Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.60%.

Fujian Foxit Software Development Joint Stock Co ROCE % Historical Data

The historical data trend for Fujian Foxit Software Development Joint Stock 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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Fujian Foxit Software Development Joint Stock Co ROCE % Chart

Fujian Foxit Software Development Joint Stock Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.14

7.97

1.76

-0.08

-4.09

Fujian Foxit Software Development Joint Stock Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-1.72	-5.74	-1.85	-6.99	-1.60

Fujian Foxit Software Development Joint Stock Co ROCE % Calculation

Fujian Foxit Software Development Joint Stock 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 )
	=	-108.845	/	( ( (3044.288 - 326.032)	+	(3013.043 - 412.118) )	/ 2 )
	=	-108.845	/	( (2718.256	+	2600.925)	/ 2 )
	=	-108.845	/	2659.5905
	=	-4.09 %

Fujian Foxit Software Development Joint Stock Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-41.428	/	( ( (3013.043 - 412.118)	+	(2970.907 - 380.403) )	/ 2 )
	=	-41.428	/	( ( 2600.925	+	2590.504 )	/ 2 )
	=	-41.428	/	2595.7145
	=	-1.60 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Fujian Foxit Software Development Joint Stock Co (SHSE:688095) 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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Fujian Foxit Software Development Joint Stock Co (SHSE:688095) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Fujian Foxit Software Development Joint Stock Co Ltd (SHSE:688095) » Definitions » ROCE %

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Address

No. 89 Software Avenue, Building 5, Area G, Fuzhou Software Park, Gulou District, Fujian Province, Fuzhou, CHN, 350003

Website

https://www.foxitsoftware.cn

Fujian Foxit Software Development Joint Stock Co Ltd is an internationally operated PDF electronic document solution provider. The company develops and markets PDF products and services to help knowledge workers increase productivity and do more when processing documents. Its products include Foxit Reader, Foxit MobilePDF, Foxit Advanced PDF Editor, Foxit PDF IFilter; and its Development platform and tools include Foxit PDF SDK, Foxit PDF SDK ActiveX, Foxit PDF SDK for Web, and Foxit PDF Toolkit.

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