Hangzhou Meideng Technology Co (BJSE:838227) ROCE % : 11.51% (As of Mar. 2024)

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What is Hangzhou Meideng 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. Hangzhou Meideng Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.51%.

Hangzhou Meideng Technology Co ROCE % Historical Data

The historical data trend for Hangzhou Meideng 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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Hangzhou Meideng Technology Co ROCE % Chart

Hangzhou Meideng Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.01

30.81

34.09

15.63

11.39

Hangzhou Meideng Technology Co Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.87	12.95	12.54	9.87	11.51

Hangzhou Meideng Technology Co ROCE % Calculation

Hangzhou Meideng 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 )
	=	46.496	/	( ( (420.865 - 15.906)	+	(432.387 - 20.578) )	/ 2 )
	=	46.496	/	( (404.959	+	411.809)	/ 2 )
	=	46.496	/	408.384
	=	11.39 %

Hangzhou Meideng Technology Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	47.98	/	( ( (432.387 - 20.578)	+	(437.394 - 15.449) )	/ 2 )
	=	47.98	/	( ( 411.809	+	421.945 )	/ 2 )
	=	47.98	/	416.877
	=	11.51 %

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

Hangzhou Meideng Technology Co (BJSE:838227) 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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Hangzhou Meideng Technology Co (BJSE:838227) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Meideng Technology Co Ltd (BJSE:838227) » Definitions » ROCE %

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N/A

Address

No. 188 Zijinghua North Road, 12th Floor, Building 1, Baogang Life Plaza, Xihu District, Zhejiang Province, Hangzhou City,, CHN, 310030

Website

https://www.meideng.net

Hangzhou Meideng Technology Co Ltd is an e-commerce information technology service company in the industry. Its main business is the research and development, sales and operation of e-commerce service software. The company provides marketing services for e-commerce platform merchants such as Taobao Bazaar and Tmall merchants and provides efficient and easy-to-use online marketing service software for merchants.

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