Shaanxi Tirain Science and Technology Co (BJSE:430564) ROCE % : -4.25% (As of Jun. 2024)

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What is Shaanxi Tirain Science and 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. Shaanxi Tirain Science and Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -4.25%.

Shaanxi Tirain Science and Technology Co ROCE % Historical Data

The historical data trend for Shaanxi Tirain Science and 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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Shaanxi Tirain Science and Technology Co ROCE % Chart

Shaanxi Tirain Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.03

34.38

31.35

20.85

1.44

Shaanxi Tirain Science and Technology Co Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															10.88	-13.07	17.30	-8.46	-4.25

Shaanxi Tirain Science and Technology Co ROCE % Calculation

Shaanxi Tirain Science and Technology Co'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 )
	=	4.626	/	( ( (413.412 - 94.114)	+	(401.799 - 77.475) )	/ 2 )
	=	4.626	/	( (319.298	+	324.324)	/ 2 )
	=	4.626	/	321.811
	=	1.44 %

Shaanxi Tirain Science and Technology Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-13.484	/	( ( (383.76 - 62.48)	+	(372.797 - 59.847) )	/ 2 )
	=	-13.484	/	( ( 321.28	+	312.95 )	/ 2 )
	=	-13.484	/	317.115
	=	-4.25 %

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

Shaanxi Tirain Science and Technology Co (BJSE:430564) 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.

Shaanxi Tirain Science and Technology Co ROCE % Related Terms

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Shaanxi Tirain Science and Technology Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Shaanxi Tirain Science and Technology Co Ltd (BJSE:430564) » Definitions » ROCE %

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Address

No. 58, Middle Section of Yanta North Road, Floor 15, Area A, Bairui Plaza, Beilin District, Shaanxi Province, Xi'an City, CHN, 710054

Website

http://www.trgis.com

Shaanxi Tirain Science and Technology Co Ltd offers remote sensing and surveying and mapping geographic information data services and spatial information system development and application integration services. Its product comprise of Information Modeling Platform, Space-time information service cloud platform, and Digital Twin City Platform.

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