Shandong New Beiyang Information Technology Co (SZSE:002376) ROCE % : 0.76% (As of Sep. 2023)

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What is Shandong New Beiyang Information 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. Shandong New Beiyang Information Technology Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.76%.

Shandong New Beiyang Information Technology Co ROCE % Historical Data

The historical data trend for Shandong New Beiyang Information 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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Shandong New Beiyang Information Technology Co ROCE % Chart

Shandong New Beiyang Information Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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15.28

10.59

6.31

5.02

1.59

Shandong New Beiyang Information Technology Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															1.90	-2.66	-0.99	6.52	0.76

Shandong New Beiyang Information Technology Co ROCE % Calculation

Shandong New Beiyang Information Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	72.839	/	( ( (6434.054 - 1700.018)	+	(5852.252 - 1433.016) )	/ 2 )
	=	72.839	/	( (4734.036	+	4419.236)	/ 2 )
	=	72.839	/	4576.636
	=	1.59 %

Shandong New Beiyang Information Technology Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	32.444	/	( ( (5494.795 - 1216.448)	+	(5375.16 - 1098.838) )	/ 2 )
	=	32.444	/	( ( 4278.347	+	4276.322 )	/ 2 )
	=	32.444	/	4277.3345
	=	0.76 %

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

Shandong New Beiyang Information Technology Co (SZSE:002376) 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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Shandong New Beiyang Information Technology Co (SZSE:002376) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong New Beiyang Information Technology Co Ltd (SZSE:002376) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.169, Torch Road, Torch High-tech Industrial Development Zone, Shandong Province, Weihai, CHN, 264203

Website

http://www.snbc.com.cn

Shandong New Beiyang Information Technology Co Ltd is a China-based company focused on the research and development, production, sales and service of thermal printing, identification as well as smart system integration products. It offers products such as Kiosk printer, scanner, receipt printers, barcode printers, banknote sorter and self-service terminals. In addition, the company also provides solutions in the field of finance, logistics, and other industries.

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