Flowing Cloud Technology (HKSE:06610) ROCE % : 10.32% (As of Jun. 2024)

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What is Flowing Cloud Technology 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. Flowing Cloud Technology's annualized ROCE % for the quarter that ended in Jun. 2024 was 10.32%.

Flowing Cloud Technology ROCE % Historical Data

The historical data trend for Flowing Cloud Technology'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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Flowing Cloud Technology ROCE % Chart

Flowing Cloud Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

41.46

49.61

28.72

29.12

20.44

Flowing Cloud Technology Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			46.00	23.22	19.45	21.97	10.32

Flowing Cloud Technology ROCE % Calculation

Flowing Cloud Technology'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 )
	=	302.429	/	( ( (1705.726 - 335.601)	+	(1882.693 - 293.288) )	/ 2 )
	=	302.429	/	( (1370.125	+	1589.405)	/ 2 )
	=	302.429	/	1479.765
	=	20.44 %

Flowing Cloud Technology'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 )
	=	165.792	/	( ( (1882.693 - 293.288)	+	(1964.34 - 339.309) )	/ 2 )
	=	165.792	/	( ( 1589.405	+	1625.031 )	/ 2 )
	=	165.792	/	1607.218
	=	10.32 %

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

Flowing Cloud Technology (HKSE:06610) 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.

Flowing Cloud Technology ROCE % Related Terms

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Flowing Cloud Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Flowing Cloud Technology Ltd (HKSE:06610) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guangqulu No. 3, Shop 8, Jingyuan Art Center, Chaoyang District, Beijing, CHN

Website

https://www.flowingcloud.com

Flowing Cloud Technology Ltd is a supplier of the Metaverse scene application tier in China. It is a leading smart marketing technology service provider in China. It uses AR/VR engine, AI behavior algorithm, cloud computing and other technical capabilities to empower the business development of enterprises in various vertical industries such as e-commerce, education, and cultural tourism.

Executives

Brainstorming Cafe Limited	2101 Beneficial owner
Cyber Warrior Holdings Limited	2201 Interest of corporation controlled by you
Lyh. Ltd.	2201 Interest of corporation controlled by you
Vistra Trust (singapore) Pte. Limited	2301 Trustee
Wanglei Co., Ltd.	2201 Interest of corporation controlled by you
Wang Lei	2201 Interest of corporation controlled by you
Feng Da Sha	2202 Interest of your spouse
Zhang Zi Mo	2202 Interest of your spouse
Li Yan Hao	2201 Interest of corporation controlled by you
Bei Jing Tong Chuang Zhi Ming Ke Ji He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Shan Dong Tong Chuang Xin Xing Zhi Lian Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you

Flowing Cloud Technology Headlines

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