Neutech Group (HKSE:09616) ROCE % : 18.51% (As of Jun. 2024)

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What is Neutech 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. Neutech Group's annualized ROCE % for the quarter that ended in Jun. 2024 was 18.51%.

Neutech Group ROCE % Historical Data

The historical data trend for Neutech 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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Neutech Group ROCE % Chart

Neutech Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.13

9.80

15.18

15.68

16.40

Neutech Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial								18.87	13.20	19.95	13.41	18.51

Neutech Group ROCE % Calculation

Neutech 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 )
	=	745.793	/	( ( (6693.164 - 2241.736)	+	(7318.728 - 2676.072) )	/ 2 )
	=	745.793	/	( (4451.428	+	4642.656)	/ 2 )
	=	745.793	/	4547.042
	=	16.40 %

Neutech Group'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 )
	=	886.62	/	( ( (7318.728 - 2676.072)	+	(6716.569 - 1779.202) )	/ 2 )
	=	886.62	/	( ( 4642.656	+	4937.367 )	/ 2 )
	=	886.62	/	4790.0115
	=	18.51 %

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

Neutech Group (HKSE:09616) 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.

Neutech Group ROCE % Related Terms

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Neutech Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Neutech Group Ltd (HKSE:09616) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Software Park Road, Ganjingzi District, Liaoning, Dalian, CHN

Website

https://www.neutech.com.cn

Neutech Group Ltd formerly Neusoft Education Technology Co Ltd is a China-based investment holding company principally engaged in providing full-time formal higher education services, continuing education services, as well as education resources and apprenticeship programmes. Its full-time formal higher education services and continuing education services are operated by three universities and eight training schools. Its education resources and apprenticeship programme are offered by Dalian Education and a few of its subsidiaries, such as Shanghai Ruixiang and Tianjin Ruidao. It has one operating segment and geographical segment being providing higher education services in PRC.

Executives

Liu Jiren	2501 Other
Dalian Neusoft Holdings Co., Ltd.	2201 Interest of corporation controlled by you
Neusoft Holdings International Inc.	2201 Interest of corporation controlled by you
Dongkong Education First Investment Inc.	2101 Beneficial owner
Dongkong Education Second Investment Inc.	2101 Beneficial owner
Liu Jiren	2501 Other
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Fil Limited	2201 Interest of corporation controlled by you
Sun Yinhuan	2307 Founder of a discretionary trust who can infl
Tmf (cayman) Ltd.	2301 Trustee
Deluxe Glorious Limited	2201 Interest of corporation controlled by you
Deluxe Capital Limited	2201 Interest of corporation controlled by you
Cheng Huiyan	2202 Interest of your spouse
Century Bliss International Limited	2101 Beneficial owner

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