China Beststudy Education Group (HKSE:03978) ROCE % : 31.75% (As of Dec. 2023)

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What is China Beststudy Education Group 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. China Beststudy Education Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 31.75%.

China Beststudy Education Group ROCE % Historical Data

The historical data trend for China Beststudy Education Group'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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China Beststudy Education Group ROCE % Chart

China Beststudy Education Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.56

12.67

-20.49

10.29

20.33

China Beststudy Education Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											-47.70	10.06	12.50	10.02	31.75

China Beststudy Education Group ROCE % Calculation

China Beststudy Education Group'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 )
	=	133.144	/	( ( (971.187 - 356.082)	+	(1144.504 - 449.486) )	/ 2 )
	=	133.144	/	( (615.105	+	695.018)	/ 2 )
	=	133.144	/	655.0615
	=	20.33 %

China Beststudy Education Group'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	205.464	/	( ( (945.817 - 346.529)	+	(1144.504 - 449.486) )	/ 2 )
	=	205.464	/	( ( 599.288	+	695.018 )	/ 2 )
	=	205.464	/	647.153
	=	31.75 %

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

China Beststudy Education Group (HKSE:03978) 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.

China Beststudy Education Group ROCE % Related Terms

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China Beststudy Education Group (HKSE:03978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Beststudy Education Group (HKSE:03978) » Definitions » ROCE %

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Address

Zhongshan 4th Road, 41th Floor, Xinde Business Centre, Yuexiu District, Guangdong, Guangzhou, CHN

Website

https://www.beststudy.com

China Beststudy Education Group is an investment holding company. Its principal activities are engaged in providing education-related courses which include full-time revision business, talent education, self-study program, vocational education, and after-school tutoring program for high school students. It generates the majority of its revenue from the Full-time test preparation programs segment. Geographically the company operates in mainland China.

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