Shandong Digihuman Technology Co (BJSE:835670) ROCE % : -9.09% (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Shandong Digihuman 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 Digihuman Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -9.09%.

Shandong Digihuman Technology Co ROCE % Historical Data

The historical data trend for Shandong Digihuman 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.

* Premium members only.

Shandong Digihuman Technology Co ROCE % Chart

Shandong Digihuman Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

27.27

17.33

6.69

-2.01

4.68

Shandong Digihuman Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															25.63	4.10	2.14	-11.20	-9.09

Shandong Digihuman Technology Co ROCE % Calculation

Shandong Digihuman 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 )
	=	11.58	/	( ( (272.062 - 29.432)	+	(276.829 - 24.382) )	/ 2 )
	=	11.58	/	( (242.63	+	252.447)	/ 2 )
	=	11.58	/	247.5385
	=	4.68 %

Shandong Digihuman Technology Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-21.716	/	( ( (259.655 - 20.001)	+	(261.952 - 23.616) )	/ 2 )
	=	-21.716	/	( ( 239.654	+	238.336 )	/ 2 )
	=	-21.716	/	238.995
	=	-9.09 %

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

Shandong Digihuman Technology Co (BJSE:835670) 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.

Shandong Digihuman Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shandong Digihuman Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shandong Digihuman Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Shandong Digihuman Technology Co Ltd (BJSE:835670) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1188, Tianchen Street, High-tech Zone, Shandong Province, Jinan City, CHN, 250101

Website

https://www.digihuman.net

Shandong Digihuman Technology Co Ltd is mainly engaged in the application and research and development of digital human body systems. Its offers application and research and development of digital human anatomy systems, medical digital image processing, and digital medical teaching platform in China.

Shandong Digihuman Technology Co Headlines

No Headlines