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AInnovation Technology Group Co (HKSE:02121) ROCE % : -15.40% (As of Jun. 2024)


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What is AInnovation Technology Group 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. AInnovation Technology Group Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -15.40%.

AInnovation Technology Group Co ROCE % Historical Data

The historical data trend for AInnovation Technology Group 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.

AInnovation Technology Group Co ROCE % Chart

AInnovation Technology Group Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial -58.44 -38.19 -41.35 -15.28 -22.74

AInnovation Technology Group Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROCE % Get a 7-Day Free Trial Premium Member Only -18.90 -9.39 -14.52 -28.92 -15.40

AInnovation Technology Group Co ROCE % Calculation

AInnovation Technology Group 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 )
=-624.506/( ( (3649.923 - 807.729) + (3597.61 - 946.63) )/ 2 )
=-624.506/( (2842.194+2650.98)/ 2 )
=-624.506/2746.587
=-22.74 %

AInnovation Technology Group Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2024 )  (Q: Dec. 2023 )(Q: Jun. 2024 )
=-394.118/( ( (3597.61 - 946.63) + (3301.71 - 835.32) )/ 2 )
=-394.118/( ( 2650.98 + 2466.39 )/ 2 )
=-394.118/2558.685
=-15.40 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

* 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.

AInnovation Technology Group Co  (HKSE:02121) 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.

AInnovation Technology Group Co ROCE % Related Terms

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AInnovation Technology Group Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » AInnovation Technology Group Co Ltd (HKSE:02121) » Definitions » ROCE %
Comparable Companies
HKSE:02567 HKSE:02571 HKSE:09959 HKSE:09923 HKSE:02479 HKSE:00818 HKSE:03315 HKSE:03773 HKSE:06608 HKSE:02438 MSFT ORCL PLTR PANW CRWD FTNT SNPS XAMS:ADYEN NET XYZ
Traded in Other Exchanges
N/A
Address
No. 939 Zhenwu Road, Room 501 Block A, Haier International Plaza, Economic Development Zone, Jimo District, Qingdao, Shandong, CHN
Website
https://www.ainnovation.com
AInnovation Technology Group Co Ltd is a enterprise-level AI solution provider and "AI+manufacturing" solution provider in China. The company is using cutting-edge artificial intelligence technology to provide enterprises with AI products and solutions, including AI platforms, algorithms, software and AI-enabled equipment, to improve customer operational efficiency and business value and achieve digital transformation. AInnovation focuses on AI+manufacturing and focuses on building five key business themes of industrial software, digital intelligence software, industrial logistics, intelligent equipment, and industrial sustainability It has developed "MMOC artificial intelligence technology platform" and "AInnoGC industrial large model technology platform" for industry application.
Executives
China International Capital Corporation Limited 2201 Interest of corporation controlled by you
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