Eland Information Co (ROCO:6925) ROCE % : 19.05% (As of Dec. 2023)

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What is Eland Information 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. Eland Information Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.05%.

Eland Information Co ROCE % Historical Data

The historical data trend for Eland Information 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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Eland Information Co ROCE % Chart

Eland Information Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

26.40

28.98

30.44

17.07

Eland Information Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			35.14	26.18	34.55	15.41	19.05

Eland Information Co ROCE % Calculation

Eland Information Co'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 )
	=	42.405	/	( ( (282.997 - 45.719)	+	(302.131 - 42.443) )	/ 2 )
	=	42.405	/	( (237.278	+	259.688)	/ 2 )
	=	42.405	/	248.483
	=	17.07 %

Eland Information Co'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 )
	=	47.836	/	( ( (312.469 - 69.894)	+	(302.131 - 42.443) )	/ 2 )
	=	47.836	/	( ( 242.575	+	259.688 )	/ 2 )
	=	47.836	/	251.1315
	=	19.05 %

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

Eland Information Co (ROCO:6925) 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.

Eland Information Co ROCE % Related Terms

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Eland Information Co (ROCO:6925) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Eland Information Co Ltd (ROCO:6925) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 184, Section 4, Xinyi Road, 6th Floor, Daan District, Taipei, TWN, 106

Website

https://www.eland.com.tw

Eland Information Co Ltd is a intelligent data analysis company in China. It specializes in the research and development of cutting-edge software technologies such as search, automatic semantics, and network community analysis. It aims to combine data analysis technology with the development of the Internet and become the world's top software technology research and development company.

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