Tianju Dihe (Suzhou) Technology Co (HKSE:02479) ROCE % : 2.50% (As of Jun. 2024)

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What is Tianju Dihe (Suzhou) 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. Tianju Dihe (Suzhou) Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.50%.

Tianju Dihe (Suzhou) Technology Co ROCE % Historical Data

The historical data trend for Tianju Dihe (Suzhou) 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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Tianju Dihe (Suzhou) Technology Co ROCE % Chart

Tianju Dihe (Suzhou) Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

8.84

6.88

6.04

Tianju Dihe (Suzhou) Technology Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-	2.52	9.65	2.50

Tianju Dihe (Suzhou) Technology Co ROCE % Calculation

Tianju Dihe (Suzhou) 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 )
	=	42.427	/	( ( (831.028 - 120.481)	+	(844.462 - 151.057) )	/ 2 )
	=	42.427	/	( (710.547	+	693.405)	/ 2 )
	=	42.427	/	701.976
	=	6.04 %

Tianju Dihe (Suzhou) Technology 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 )
	=	21.984	/	( ( (844.462 - 151.057)	+	(1201.677 - 135.984) )	/ 2 )
	=	21.984	/	( ( 693.405	+	1065.693 )	/ 2 )
	=	21.984	/	879.549
	=	2.50 %

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

Tianju Dihe (Suzhou) Technology Co (HKSE:02479) 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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Tianju Dihe (Suzhou) Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tianju Dihe (Suzhou) Technology Co Ltd (HKSE:02479) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Rongfu Street, 16th floor, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN

Website

https://www.juhe.cn

Tianju Dihe (Suzhou) Technology Co Ltd is an integrated API-enabled data exchange service provider in China. It provide data management solutions, which are customized softwares comprising one or more of our products, including APIMaster, DataArts, QuickBot, SmartShield and AnchorChain. It customers include enterprises such as Tencent, Alibaba, Baidu, NetEase, Meituan, China Mobile, China Unicom, China Telecom, and many other internet companies.

Executives

Hua Huan	2202 Interest of your spouse
Zuo Lei	2101 Beneficial owner
Qiu Jian Qiang	2101 Beneficial owner
Jing Dong Ke Ji Kong Gu Gu Fen You Xian Gong Si	2101 Beneficial owner
Liu Qiangdong Richard	2201 Interest of corporation controlled by you

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