Wisdom Education International Holdings Co (HKSE:06068) ROCE % : 17.49% (As of Feb. 2024)

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What is Wisdom Education International Holdings 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. Wisdom Education International Holdings Co's annualized ROCE % for the quarter that ended in Feb. 2024 was 17.49%.

Wisdom Education International Holdings Co ROCE % Historical Data

The historical data trend for Wisdom Education International Holdings 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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Wisdom Education International Holdings Co ROCE % Chart

Wisdom Education International Holdings Co Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

ROCE %

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14.40

-66.76

19.94

24.79

16.28

Wisdom Education International Holdings Co Semi-Annual Data
	Aug14	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
ROCE %	Get a 7-Day Free Trial															16.57	19.90	30.77	17.49	19.89

Wisdom Education International Holdings Co ROCE % Calculation

Wisdom Education International Holdings Co's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	215.846	/	( ( (1702.087 - 898.089)	+	(1554.267 - 617.16) )	/ 2 )
	=	215.846	/	( (803.998	+	937.107)	/ 2 )
	=	215.846	/	870.5525
	=	24.79 %

Wisdom Education International Holdings Co's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Aug. 2023 )		(Q: Feb. 2024 )
	=	134.368	/	( ( (1554.267 - 617.16)	+	(1505.872 - 906.588) )	/ 2 )
	=	134.368	/	( ( 937.107	+	599.284 )	/ 2 )
	=	134.368	/	768.1955
	=	17.49 %

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

Wisdom Education International Holdings Co (HKSE:06068) 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.

Wisdom Education International Holdings Co ROCE % Related Terms

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Wisdom Education International Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Wisdom Education International Holdings Co Ltd (HKSE:06068) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5Q4:Germany

Address

No. 68 Guangming Da Dao, Dongcheng District, Dongguan, CHN

Website

http://www.wisdomeducationintl.com

Wisdom Education International Holdings Co Ltd is a private education group operating premium primary and secondary schools in China. Its service line includes School-related supply chain business and comprehensive educational services out of which it generates the majority of its revenue from the School-related supply chain business. Geographically it generates key revenue from the Mainland, PRC.

Executives

Liu Xuebin	2101 Beneficial owner
Li Suwen	2101 Beneficial owner
Bright Education (holdings) Co. Limited	2101 Beneficial owner
Bright Education Investment Co. Limited	2101 Beneficial owner

Wisdom Education International Holdings Co Headlines

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