Qiniu (HKSE:02567) ROCE % : 0.00% (As of Dec. 2023)

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What is Qiniu 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. Qiniu's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Qiniu ROCE % Historical Data

The historical data trend for Qiniu'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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Qiniu ROCE % Chart

Qiniu Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

ROCE %

Qiniu Semi-Annual Data
	Dec21	Dec22	Dec23	Dec24
ROCE %	-	-	-	-100.33

Qiniu ROCE % Calculation

Qiniu'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 )
	=	-315.946	/	( ( (904.082 - 3569.959)	+	(859.78 - 3872.333) )	/ 2 )
	=	-315.946	/	( (-2665.877	+	-3012.553)	/ 2 )
	=	-315.946	/	-2839.215
	=	11.13 %

Qiniu's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-315.946	/	( ( (904.082 - 3569.959)	+	(859.78 - 3872.333) )	/ 2 )
	=	-315.946	/	( ( -2665.877	+	-3012.553 )	/ 2 )
	=	-315.946	/	-2839.215
	=	0 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Qiniu (HKSE:02567) 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.

Qiniu ROCE % Related Terms

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Qiniu Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Qiniu Ltd (HKSE:02567) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.66 Boxia Road, Floors 1-4, Building Q, Pudong New District, Shanghai, CHN

Website

http://www.qiniu.ltd

Qiniu Ltd provides audiovisual cloud services in China. Audiovisual cloud services refer to the producing, storing, processing, distributing, analyzing, auditing, retrieving, and recommending unstructured audiovisual content in multi-media formats. PaaS is a computing service model by which cloud service providers offer a suite of hardware and software resources to their users via a platform, enabling the users to focus on writing codes, configuring the service metrics and monitoring of applications without the need to divert time and resources to the development and maintenance of the infrastructure underlying the platform, including maintenance of hardware, updates of operating system, data backup and recovery, internet security, disaster recovery, etc.

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