Fujian Apex Software Co (SHSE:603383) ROCE % : 14.65% (As of Sep. 2024)

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What is Fujian Apex Software 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. Fujian Apex Software Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.65%.

Fujian Apex Software Co ROCE % Historical Data

The historical data trend for Fujian Apex Software 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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Fujian Apex Software Co ROCE % Chart

Fujian Apex Software Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.28

9.81

12.11

13.21

15.54

Fujian Apex Software Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															18.26	33.25	2.87	4.52	14.65

Fujian Apex Software Co ROCE % Calculation

Fujian Apex Software 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 )
	=	223.687	/	( ( (1780.272 - 406.666)	+	(1886.086 - 380.13) )	/ 2 )
	=	223.687	/	( (1373.606	+	1505.956)	/ 2 )
	=	223.687	/	1439.781
	=	15.54 %

Fujian Apex Software Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	204.372	/	( ( (1616.546 - 247.355)	+	(1677.326 - 256.877) )	/ 2 )
	=	204.372	/	( ( 1369.191	+	1420.449 )	/ 2 )
	=	204.372	/	1394.82
	=	14.65 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Fujian Apex Software Co (SHSE:603383) 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.

Fujian Apex Software Co ROCE % Related Terms

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Fujian Apex Software Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fujian Apex Software Co Ltd (SHSE:603383) » Definitions » ROCE %

Comparable Companies

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N/A

Address

No. 89, Software Avenue, Tongpan Road, Building 13, Building A, Software Park, Gulou District, Fujian, Fuzhou, CHN, 350003

Website

http://www.apexsoft.com.cn

Fujian Apex Software Co Ltd is a China based professional platform-based software company and application solutions provider. It offers software services like business process management (BPM) for different areas including financial securities, including securities and futures and funds, banks and trusts, electronic trading and private equity fund, and business and education.

Executives

Zhao Wei	Director
Dong Feng Liang	senior management
Lei Shi Pan	Director
Yan Meng Yu	Director
Liu Jian Bao	Supervisors
Cheng Jia	Supervisors
Zhu Yu	senior management
Ou Yong	Supervisors
Zheng Yuan Tong	Supervisors

Fujian Apex Software Co Headlines

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