Bairong (HKSE:06608) ROCE % : 6.20% (As of Dec. 2023)

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What is Bairong 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. Bairong's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.20%.

Bairong ROCE % Historical Data

The historical data trend for Bairong'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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Bairong ROCE % Chart

Bairong Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-396.53

-136.63

5.37

7.90

Bairong Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						1.76	4.40	6.59	9.67	6.20

Bairong ROCE % Calculation

Bairong'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 )
	=	385.584	/	( ( (5882.041 - 1017.755)	+	(6022.094 - 1130.74) )	/ 2 )
	=	385.584	/	( (4864.286	+	4891.354)	/ 2 )
	=	385.584	/	4877.82
	=	7.90 %

Bairong'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 )
	=	301.78	/	( ( (5751.195 - 905.805)	+	(6022.094 - 1130.74) )	/ 2 )
	=	301.78	/	( ( 4845.39	+	4891.354 )	/ 2 )
	=	301.78	/	4868.372
	=	6.20 %

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

Bairong (HKSE:06608) 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.

Bairong ROCE % Related Terms

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Bairong (HKSE:06608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bairong Inc (HKSE:06608) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6B5:Germany

Address

No.10 Furong Street, 1-3/F, Tower A, Chaoyang District, Beijing, CHN

Website

https://www.brgroup.com

Bairong Inc is an independent AI-powered technology platform in China serving the financial services industry. It is driven by science and technology, and continuously explores the scenarios and applications of cutting-edge technologies such as artificial intelligence, cloud computing, and blockchain in the financial field, empowering financial institutions to innovate and transform digitally, and help financial inclusion.

Executives

Hong Jing	2201 Interest of corporation controlled by you
Zhang Shaofeng	2101 Beneficial owner
Genisage Tech Inc.	2101 Beneficial owner
Genisage Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Zhuhai Gaoling Tiancheng Investment Management Co., Ltd.	2201 Interest of corporation controlled by you
Tianjin Gltc Enterprise Management Consultation, L.p.	2201 Interest of corporation controlled by you
Hh Br-i Holdings Limited	2101 Beneficial owner
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Shanghai Zhexuan Investment Partnership (l.p.)	2201 Interest of corporation controlled by you
Beijing Sequoia Xinyuan Equity Investment Partnership (l.p.)	2201 Interest of corporation controlled by you
Max Elegant Limited	2101 Beneficial owner
Sequoia Capital Equity Investment Management (tianjin) Limited	2201 Interest of corporation controlled by you
Tianjin Sequoia Huanrong Enterprise Management Consulting Center L.p.	2201 Interest of corporation controlled by you
Zhou Kui	2201 Interest of corporation controlled by you

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