Puxin (NEWYY) ROCE % : -457.38% (As of Jun. 2021)

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What is Puxin 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. Puxin's annualized ROCE % for the quarter that ended in Jun. 2021 was -457.38%.

Puxin ROCE % Historical Data

The historical data trend for Puxin'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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Puxin ROCE % Chart

Puxin Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

-109.92

-91.82

-98.51

-39.32

3.81

Puxin Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
ROCE %	Get a 7-Day Free Trial														15.18	17.61	-11.75	13.64	-457.38

Puxin ROCE % Calculation

Puxin's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	8.083	/	( ( (671.123 - 471.7)	+	(706.13 - 480.839) )	/ 2 )
	=	8.083	/	( (199.423	+	225.291)	/ 2 )
	=	8.083	/	212.357
	=	3.81 %

Puxin's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	-847.484	/	( ( (736.264 - 434.043)	+	(517.14 - 448.776) )	/ 2 )
	=	-847.484	/	( ( 302.221	+	68.364 )	/ 2 )
	=	-847.484	/	185.2925
	=	-457.38 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

Puxin (OTCPK:NEWYY) 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.

Puxin ROCE % Related Terms

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Puxin (NEWYY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Puxin Ltd (OTCPK:NEWYY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

75 Suzhou Street, Haidian District, 5th Floor, Building 4, Dingjun Building, Beijing, CHN, 100080

Website

https://www.pxjy.com

Puxin Ltd provides education services. The company's segments consist of K-12 tutoring services and Study abroad tutoring services. Its K-12 tutoring services provide result-oriented educational services in group class settings and through personalized tutoring sessions as well as study plan tailored to fit a student's aptitude, grade level, past academic performance, future academic goals, and other pertinent factors. Study abroad tutoring services are designed to help students prepare for admission tests and applications for high schools, universities and graduate programs primarily in English-speaking countries. It generates a majority of its revenue from the K-12 tutoring services segment. Geographically, it operates in PRC.