360 Security Technology (SHSE:601360) ROCE % : -0.53% (As of Mar. 2024)

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What is 360 Security Technology 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. 360 Security Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.53%.

360 Security Technology ROCE % Historical Data

The historical data trend for 360 Security Technology'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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360 Security Technology ROCE % Chart

360 Security Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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26.89

10.36

3.66

-5.48

-0.49

360 Security Technology 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															-1.23	0.50	-1.03	-0.19	-0.53

360 Security Technology ROCE % Calculation

360 Security Technology'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 )
	=	-160.999	/	( ( (38615.763 - 5658.609)	+	(40168.367 - 6949.712) )	/ 2 )
	=	-160.999	/	( (32957.154	+	33218.655)	/ 2 )
	=	-160.999	/	33087.9045
	=	-0.49 %

360 Security Technology'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 )
	=	-176.04	/	( ( (40168.367 - 6949.712)	+	(39997.248 - 6691.387) )	/ 2 )
	=	-176.04	/	( ( 33218.655	+	33305.861 )	/ 2 )
	=	-176.04	/	33262.258
	=	-0.53 %

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

360 Security Technology (SHSE:601360) 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.

360 Security Technology ROCE % Related Terms

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360 Security Technology (SHSE:601360) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » 360 Security Technology Inc (SHSE:601360) » Definitions » ROCE %

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Address

718 Ying Ting Road, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 100015

Website

https://www.360.cn

360 Security Technology Inc is an internet security company in China. It has developed the 360 ??security system with hundreds of millions of users Guards, 360 mobile guards, and other security products. It uses big data, cloud computing, and artificial intelligence technology, to create 360 mobile phone, 360 children smartwatch, 360 smart cameras, 360 driving recorder and 360 security router. It also provides other Internet services including search, live broadcast, games, film and television, finance, and news for its users.

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