Sunlands Technology Group (STU:S790) ROCE % : 67.07% (As of Dec. 2023)

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What is Sunlands Technology Group 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. Sunlands Technology Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 67.07%.

Sunlands Technology Group ROCE % Historical Data

The historical data trend for Sunlands Technology Group'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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Sunlands Technology Group ROCE % Chart

Sunlands Technology Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-24.04

-29.74

25.28

87.66

70.14

Sunlands Technology Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															88.88	88.35	70.07	55.12	67.07

Sunlands Technology Group ROCE % Calculation

Sunlands Technology Group'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 )
	=	87.811	/	( ( (308.19 - 200.147)	+	(272.075 - 129.735) )	/ 2 )
	=	87.811	/	( (108.043	+	142.34)	/ 2 )
	=	87.811	/	125.1915
	=	70.14 %

Sunlands Technology Group'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	92.676	/	( ( (271.721 - 137.72)	+	(272.075 - 129.735) )	/ 2 )
	=	92.676	/	( ( 134.001	+	142.34 )	/ 2 )
	=	92.676	/	138.1705
	=	67.07 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Sunlands Technology Group (STU:S790) 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.

Sunlands Technology Group ROCE % Related Terms

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Sunlands Technology Group (STU:S790) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Sunlands Technology Group (STU:S790) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

STG:USA S790:Germany

Address

No. 36 Chuangyuan Road, Building 4-6, Chaolai Science Park, Chaoyang District, Beijing, CHN, 100012

Website

https://www.sunlands.com

Sunlands Technology Group is a provider of online post-secondary and professional education services in China. The company offers various degree- and diploma-oriented post-secondary courses through its online platforms. In addition, it provides online professional courses and educational content to help students prepare for professional certification exams and attain professional skills. The Group has one operating segment, which is the provision of online education services.

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