Hebei Raisesun Information Technology Co (BJSE:832171) ROCE % : -9.53% (As of Jun. 2024)

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What is Hebei Raisesun 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. Hebei Raisesun Information Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -9.53%.

Hebei Raisesun Information Technology Co ROCE % Historical Data

The historical data trend for Hebei Raisesun 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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Hebei Raisesun Information Technology Co ROCE % Chart

Hebei Raisesun Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.51

19.35

12.72

-6.74

-23.61

Hebei Raisesun Information Technology Co Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-2.48	-10.72	-66.32	-9.37	-9.53

Hebei Raisesun Information Technology Co ROCE % Calculation

Hebei Raisesun Information 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 )
	=	-79.825	/	( ( (494.817 - 119.484)	+	(477.005 - 176.283) )	/ 2 )
	=	-79.825	/	( (375.333	+	300.722)	/ 2 )
	=	-79.825	/	338.0275
	=	-23.61 %

Hebei Raisesun Information 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 )
	=	-27.424	/	( ( (450.749 - 157.473)	+	(424.868 - 142.607) )	/ 2 )
	=	-27.424	/	( ( 293.276	+	282.261 )	/ 2 )
	=	-27.424	/	287.7685
	=	-9.53 %

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

Hebei Raisesun Information Technology Co (BJSE:832171) 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.

Hebei Raisesun Information Technology Co ROCE % Related Terms

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Hebei Raisesun Information Technology Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Hebei Raisesun Information Technology Co Ltd (BJSE:832171) » Definitions » ROCE %

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Address

No. 128, Youyi Road, Zhisheng Information Building, Langfang Economic and Technological Development Zone, Hebei Province, Langfang, CHN, 065000

Website

http://www.zccninfo.com

Hebei Raisesun Information Technology Co Ltd operates information technology-related businesses. It offers computer software development and transfer; computer system services, information system security integration services; Internet information services, Internet data services and Internet of Things technology services; mobile telecommunications services; network wiring; security technology prevention system design, construction, maintenance; building intelligent engineering Construction and maintenance; and value-added telecommunication services.

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