Hangzhou Shunwang Technology Co (SZSE:300113) ROCE % : 12.95% (As of Mar. 2024)

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What is Hangzhou Shunwang Technology 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. Hangzhou Shunwang Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.95%.

Hangzhou Shunwang Technology Co ROCE % Historical Data

The historical data trend for Hangzhou Shunwang Technology 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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Hangzhou Shunwang Technology Co ROCE % Chart

Hangzhou Shunwang Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.26

5.67

4.64

-16.44

10.71

Hangzhou Shunwang Technology 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															11.18	6.43	23.85	2.08	12.95

Hangzhou Shunwang Technology Co ROCE % Calculation

Hangzhou Shunwang Technology 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 )
	=	218.136	/	( ( (2296.453 - 330.918)	+	(2447.099 - 337.293) )	/ 2 )
	=	218.136	/	( (1965.535	+	2109.806)	/ 2 )
	=	218.136	/	2037.6705
	=	10.71 %

Hangzhou Shunwang Technology 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 )
	=	282.932	/	( ( (2447.099 - 337.293)	+	(2667.16 - 407.11) )	/ 2 )
	=	282.932	/	( ( 2109.806	+	2260.05 )	/ 2 )
	=	282.932	/	2184.928
	=	12.95 %

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

Hangzhou Shunwang Technology Co (SZSE:300113) 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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Hangzhou Shunwang Technology Co (SZSE:300113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Hangzhou Shunwang Technology Co Ltd (SZSE:300113) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 75, Wenyi West Road, Building 3, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012

Website

http://www.shunwang.com

Hangzhou Shunwang Technology Co Ltd develops and sells Internet entertainment networking platforms. It focuses mainly on internet cafe technology development. It offers IcafeMavin, a software platform for Internet café management; system virtual disk, an operating system solution for diskless Internet cafes; and Game virtual disk, a game virtual service software for Internet cafes, as well as other Internet café integration solutions.

Executives

Li De Hong	Directors, executives
Wu Jian Hua	Executives
Hua Yong	Director
Chen Jian Xiang	Supervisors
Zhang Li	Executives
Fang Jin	Executives
Cai Ying	Securities Affairs Representative
Cheng Chen	Director
Xu Dong	Executives
Yu Qun E	Independent director
Shou Jian Ming	Director
Cao Yi	Executives
Wu Xiao Wei	Executives
Wang Hao	Executives

Hangzhou Shunwang Technology Co (SZSE:300113) Headlines

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