Chinasoft International (HKSE:00354) ROCE % : 7.17% (As of Dec. 2023)

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What is Chinasoft International 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. Chinasoft International's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.17%.

Chinasoft International ROCE % Historical Data

The historical data trend for Chinasoft International'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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Chinasoft International ROCE % Chart

Chinasoft International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.31

13.56

11.78

6.84

6.74

Chinasoft International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															12.45	10.27	4.26	6.05	7.17

Chinasoft International ROCE % Calculation

Chinasoft International'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 )
	=	1024.63	/	( ( (18944.825 - 3968.007)	+	(18668.257 - 3240.003) )	/ 2 )
	=	1024.63	/	( (14976.818	+	15428.254)	/ 2 )
	=	1024.63	/	15202.536
	=	6.74 %

Chinasoft International'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1118.542	/	( ( (19625.693 - 3842.269)	+	(18668.257 - 3240.003) )	/ 2 )
	=	1118.542	/	( ( 15783.424	+	15428.254 )	/ 2 )
	=	1118.542	/	15605.839
	=	7.17 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Chinasoft International (HKSE:00354) 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.

Chinasoft International ROCE % Related Terms

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Chinasoft International (HKSE:00354) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Chinasoft International Ltd (HKSE:00354) » Definitions » ROCE %

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CFTLF:USA

Address

No. 2 Kexuiyuan South Road, North Wing, 12th Floor, Raycom Infotech Park, Tower C, Haidian District, Zhongguancun, Beijing, CHN, 100190

Website

https://www.chinasofti.com

Chinasoft International Ltd is a technology software and information technology service enterprise. It provides end-to-end IT software, solutions, and services to global clients and has extensive experience in consulting, design, implementation, and services in digital applications of new technologies such as cloud computing, artificial intelligence, big data, the Internet of Things, and 5G, fully supporting clients' digital transformation. It has two segments: The Technical professional services group segment provides services that include business and IT consulting, application development, system integration, product engineering, and enterprise management. The Internet IT services group segment provides cloud-based consulting services.

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