Qingdao Thunderobot Technology Co (BJSE:872190) ROCE % : 3.74% (As of Mar. 2024)

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What is Qingdao Thunderobot 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. Qingdao Thunderobot Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.74%.

Qingdao Thunderobot Technology Co ROCE % Historical Data

The historical data trend for Qingdao Thunderobot 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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Qingdao Thunderobot Technology Co ROCE % Chart

Qingdao Thunderobot Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.85

21.19

23.52

13.70

5.59

Qingdao Thunderobot Technology Co Quarterly Data
	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.70	8.99	3.25	1.39	3.74

Qingdao Thunderobot Technology Co ROCE % Calculation

Qingdao Thunderobot 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 )
	=	46.513	/	( ( (1470.34 - 649.718)	+	(1409.678 - 565.112) )	/ 2 )
	=	46.513	/	( (820.622	+	844.566)	/ 2 )
	=	46.513	/	832.594
	=	5.59 %

Qingdao Thunderobot 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 )
	=	31.708	/	( ( (1409.678 - 565.112)	+	(1383.037 - 532.534) )	/ 2 )
	=	31.708	/	( ( 844.566	+	850.503 )	/ 2 )
	=	31.708	/	847.5345
	=	3.74 %

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

Qingdao Thunderobot Technology Co (BJSE:872190) 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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Qingdao Thunderobot Technology Co (BJSE:872190) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Qingdao Thunderobot Technology Co Ltd (BJSE:872190) » Definitions » ROCE %

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Address

No. 169 Songling Road, Floor 14, Block A, Qingdao International Innovation Park, Laoshan District, Shandong Province, Qingdao City, CHN, 266101

Website

http://www.thunderobot.com

Qingdao Thunderobot Technology Co Ltd engages in the design, research and development, production, and sales of computer hardware products. It offers computers and computer accessories, Laptops, Keyboards, monitors, and other accessories.

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