Beijing Ultrapower Software Co (SZSE:300002) ROCE % : 23.07% (As of Mar. 2024)

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What is Beijing Ultrapower Software 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. Beijing Ultrapower Software Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.07%.

Beijing Ultrapower Software Co ROCE % Historical Data

The historical data trend for Beijing Ultrapower Software 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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Beijing Ultrapower Software Co ROCE % Chart

Beijing Ultrapower Software Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-31.82

11.85

11.65

13.75

19.68

Beijing Ultrapower Software 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															17.84	20.28	13.03	27.92	23.07

Beijing Ultrapower Software Co ROCE % Calculation

Beijing Ultrapower Software 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 )
	=	1053.7	/	( ( (5817.834 - 934.129)	+	(6802.772 - 979.005) )	/ 2 )
	=	1053.7	/	( (4883.705	+	5823.767)	/ 2 )
	=	1053.7	/	5353.736
	=	19.68 %

Beijing Ultrapower Software 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 )
	=	1380.98	/	( ( (6802.772 - 979.005)	+	(7024.265 - 877.807) )	/ 2 )
	=	1380.98	/	( ( 5823.767	+	6146.458 )	/ 2 )
	=	1380.98	/	5985.1125
	=	23.07 %

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

Beijing Ultrapower Software Co (SZSE:300002) 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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Beijing Ultrapower Software Co (SZSE:300002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Ultrapower Software Co Ltd (SZSE:300002) » Definitions » ROCE %

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Address

Building 1 on the 13th Academy Building, Beiyuan, Chaoyang District, 22 North Star Taiyue, Beijing, CHN, 100107

Website

http://www.ultrapower.com.cn

Beijing Ultrapower Software Co Ltd is an IT operations and maintenance service provider in China. It offers enterprise-oriented IT consulting, solutions, software products, and project implementing and operation services. The company focuses on the use of information technology to promote industrial development and social progress and improve people's work and life quality.

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