Beijing Yunxingyu Traffic Technology (BJSE:873806) ROCE % : 8.35% (As of Mar. 2024)

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What is Beijing Yunxingyu Traffic Technology 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. Beijing Yunxingyu Traffic Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.35%.

Beijing Yunxingyu Traffic Technology ROCE % Historical Data

The historical data trend for Beijing Yunxingyu Traffic Technology'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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Beijing Yunxingyu Traffic Technology ROCE % Chart

Beijing Yunxingyu Traffic Technology Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.12

18.85

14.65

12.96

13.01

Beijing Yunxingyu Traffic Technology Quarterly Data
	Dec12	Dec13	Dec14	Dec15	Dec16	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												16.98	10.20	11.40	13.32	8.35

Beijing Yunxingyu Traffic Technology ROCE % Calculation

Beijing Yunxingyu Traffic Technology'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 )
	=	132.759	/	( ( (3780.017 - 2817.642)	+	(3210.519 - 2131.945) )	/ 2 )
	=	132.759	/	( (962.375	+	1078.574)	/ 2 )
	=	132.759	/	1020.4745
	=	13.01 %

Beijing Yunxingyu Traffic Technology'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 )
	=	105.456	/	( ( (3210.519 - 2131.945)	+	(3464.756 - 2016.298) )	/ 2 )
	=	105.456	/	( ( 1078.574	+	1448.458 )	/ 2 )
	=	105.456	/	1263.516
	=	8.35 %

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

Beijing Yunxingyu Traffic Technology (BJSE:873806) 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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Beijing Yunxingyu Traffic Technology (BJSE:873806) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Yunxingyu Traffic Technology Ltd (BJSE:873806) » Definitions » ROCE %

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Beijing Yunxingyu Traffic Technology Ltd is engaged in Intelligent transportation system integration business, intelligent transportation technology service business, product sales and other businesses, etc.

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