Shandong Guozi Software Co (BJSE:872953) ROCE % : 0.96% (As of Mar. 2024)

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What is Shandong Guozi Software 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 Guozi Software Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.96%.

Shandong Guozi Software Co ROCE % Historical Data

The historical data trend for Shandong Guozi Software 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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Shandong Guozi Software Co ROCE % Chart

Shandong Guozi Software Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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31.53

17.18

19.29

44.27

29.46

Shandong Guozi Software Co Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-1.78	17.74	11.14	33.43	0.96

Shandong Guozi Software Co ROCE % Calculation

Shandong Guozi Software Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	58.496	/	( ( (219.8 - 48.284)	+	(273.421 - 47.853) )	/ 2 )
	=	58.496	/	( (171.516	+	225.568)	/ 2 )
	=	58.496	/	198.542
	=	29.46 %

Shandong Guozi Software 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 )
	=	5.084	/	( ( (587.537 - 56.824)	+	(565.745 - 32.406) )	/ 2 )
	=	5.084	/	( ( 530.713	+	533.339 )	/ 2 )
	=	5.084	/	532.026
	=	0.96 %

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

Shandong Guozi Software Co (BJSE:872953) 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 Guozi Software Co ROCE % Related Terms

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Shandong Guozi Software Co (BJSE:872953) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Shandong Guozi Software Co Ltd (BJSE:872953) » Definitions » ROCE %

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Address

Building 5, Qilu Cultural and Creative Base, No. 101 Shunfeng Road, High-tech Zone, Shandong Province, Jinan, CHN

Website

http://www.googosoft.com

Shandong Guozi Software Co Ltd is a professional application software product development and industry solution provider. It is involved in providing asset management services for thousands of large unit users, and has grown into one of the most influential companies in the field of asset and equipment management software.

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