Hangzhou Pinming Software Co (SHSE:688109) ROCE % : 2.35% (As of Sep. 2024)

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What is Hangzhou Pinming 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. Hangzhou Pinming Software Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.35%.

Hangzhou Pinming Software Co ROCE % Historical Data

The historical data trend for Hangzhou Pinming 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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Hangzhou Pinming Software Co ROCE % Chart

Hangzhou Pinming Software Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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42.84

41.24

10.49

-6.55

1.43

Hangzhou Pinming 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															-0.89	13.61	-4.77	9.02	2.35

Hangzhou Pinming Software Co ROCE % Calculation

Hangzhou Pinming 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 )
	=	11.562	/	( ( (949.503 - 122.052)	+	(911.278 - 126.779) )	/ 2 )
	=	11.562	/	( (827.451	+	784.499)	/ 2 )
	=	11.562	/	805.975
	=	1.43 %

Hangzhou Pinming 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 )
	=	18.316	/	( ( (844.486 - 74.759)	+	(857.494 - 71.535) )	/ 2 )
	=	18.316	/	( ( 769.727	+	785.959 )	/ 2 )
	=	18.316	/	777.843
	=	2.35 %

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

Hangzhou Pinming Software Co (SHSE:688109) 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.

Hangzhou Pinming Software Co ROCE % Related Terms

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Hangzhou Pinming Software Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Pinming Software Co Ltd (SHSE:688109) » Definitions » ROCE %

Comparable Companies

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Address

No. 3, Xidoumen Road, Block C, 5th Floor, Building B, Paradise Software Park, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012

Website

https://www.pinming.cn

Hangzhou Pinming Software Co Ltd is a provider of applied technology and products of digital construction in the construction phase. It focuses on the field of engineering construction information technology. Its business covers engineering cost, construction software, BIM software, smart construction sites, and universities. , Industry supervision, infrastructure and others.

Executives

Liu De Zhi	Supervisors
Tao Li Yi	Director
Mo Xu Jun	Director
Zhang Yi Ming	Directors, senior managers, core technical personn
Chen Fei Jun	Directors, senior managers
Wang Lei	senior management
Li Zi Ke	senior management
Gao Zhi Peng	senior management
Li Ji Gang	Director
Li Jun	Directors, senior managers
Zhang Jia Yuan	senior management

Hangzhou Pinming Software Co Headlines

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