Wuhan Citms Technology Co (SHSE:688038) ROCE % : -2.93% (As of Sep. 2024)

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What is Wuhan Citms Technology 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. Wuhan Citms Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.93%.

Wuhan Citms Technology Co ROCE % Historical Data

The historical data trend for Wuhan Citms Technology 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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Wuhan Citms Technology Co ROCE % Chart

Wuhan Citms Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.85

13.18

7.48

-0.56

-13.65

Wuhan Citms Technology 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															-6.80	-46.48	-3.70	12.04	-2.93

Wuhan Citms Technology Co ROCE % Calculation

Wuhan Citms Technology 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 )
	=	-109.546	/	( ( (1311.494 - 437.44)	+	(1264.475 - 532.896) )	/ 2 )
	=	-109.546	/	( (874.054	+	731.579)	/ 2 )
	=	-109.546	/	802.8165
	=	-13.65 %

Wuhan Citms Technology 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 )
	=	-18.856	/	( ( (1239.45 - 591.588)	+	(1245.524 - 608.422) )	/ 2 )
	=	-18.856	/	( ( 647.862	+	637.102 )	/ 2 )
	=	-18.856	/	642.482
	=	-2.93 %

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

Wuhan Citms Technology Co (SHSE:688038) 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.

Wuhan Citms Technology Co ROCE % Related Terms

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Wuhan Citms Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuhan Citms Technology Co Ltd (SHSE:688038) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1, Guanshan Avenue, 10th Floor, Building A3, Software Industry Phase III, East Lake New Technology Development Zone, Hubei Province, Wuhan, CHN, 430074

Website

http://www.citms.cn

Wuhan Citms Technology Co Ltd is engaged in providing a comprehensive range of design, development, implementation, operation and maintenance for public safety, road traffic and other urban management information systems through a new generation of information technology.

Executives

Wang Kai Xue

Director

Wuhan Citms Technology Co Headlines

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