Bright Scholar Education Holdings (Bright Scholar Education Holdings) ROCE % : 1.87% (As of Feb. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Bright Scholar Education Holdings 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. Bright Scholar Education Holdings's annualized ROCE % for the quarter that ended in Feb. 2024 was 1.87%.

Bright Scholar Education Holdings ROCE % Historical Data

The historical data trend for Bright Scholar Education Holdings'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.

* Premium members only.

Bright Scholar Education Holdings ROCE % Chart

Bright Scholar Education Holdings Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

Get a 7-Day Free Trial

-4.54

-1.77

-4.73

-11.75

-5.74

Bright Scholar Education Holdings Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-5.37	8.63	-34.72	9.53	1.87

Bright Scholar Education Holdings ROCE % Calculation

Bright Scholar Education Holdings's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	-26.653	/	( ( (728.327 - 232.713)	+	(637.297 - 204.233) )	/ 2 )
	=	-26.653	/	( (495.614	+	433.064)	/ 2 )
	=	-26.653	/	464.339
	=	-5.74 %

Bright Scholar Education Holdings's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	8.088	/	( ( (624.414 - 191.77)	+	(614.472 - 180.945) )	/ 2 )
	=	8.088	/	( ( 432.644	+	433.527 )	/ 2 )
	=	8.088	/	433.0855
	=	1.87 %

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

Bright Scholar Education Holdings (NYSE:BEDU) 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.

Bright Scholar Education Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of Bright Scholar Education Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Bright Scholar Education Holdings (Bright Scholar Education Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Bright Scholar Education Holdings Ltd (NYSE:BEDU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BSK0:Germany

Address

No. 1, Country Garden Road, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528300

Website

https://www.brightscholar.com

Bright Scholar Education Holdings Ltd operates as an education service provider. The company offers overseas schools, complementary education services, and domestic kindergartens and K12 operation services. The group's overseas K12 education has several K12 schools, art colleges, language training institutions, and summer schools around the world. The complimentary education services segment of the company predominantly includes camp programs, after-school programs, through a network of learning centers in China, as well as international education consulting services. Geographically, the company operates in China which is the key revenue generating market, Canada, United States, and United Kingdom.