Beijing Kingsoft Office Software (SHSE:688111) ROCE % : 14.21% (As of Mar. 2024)

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What is Beijing Kingsoft Office Software 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. Beijing Kingsoft Office Software's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.21%.

Beijing Kingsoft Office Software ROCE % Historical Data

The historical data trend for Beijing Kingsoft Office Software'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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Beijing Kingsoft Office Software ROCE % Chart

Beijing Kingsoft Office Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.01

14.13

14.77

13.84

13.90

Beijing Kingsoft Office Software Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.04	14.48	12.50	17.32	14.21

Beijing Kingsoft Office Software ROCE % Calculation

Beijing Kingsoft Office Software'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 )
	=	1399.114	/	( ( (12057.677 - 2750.22)	+	(13974.021 - 3153.788) )	/ 2 )
	=	1399.114	/	( (9307.457	+	10820.233)	/ 2 )
	=	1399.114	/	10063.845
	=	13.90 %

Beijing Kingsoft Office Software's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1566.716	/	( ( (13974.021 - 3153.788)	+	(14084.304 - 2847.282) )	/ 2 )
	=	1566.716	/	( ( 10820.233	+	11237.022 )	/ 2 )
	=	1566.716	/	11028.6275
	=	14.21 %

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

Beijing Kingsoft Office Software (SHSE:688111) 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.

Beijing Kingsoft Office Software ROCE % Related Terms

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Beijing Kingsoft Office Software (SHSE:688111) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Kingsoft Office Software Inc (SHSE:688111) » Definitions » ROCE %

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Address

No.33 Xiaoying West Road, Jinshan Software Building, Haidian District, Beijing, CHN, 100085

Website

http://www.kingsoft.com

Beijing Kingsoft Office Software Inc is engaged in designing, development and sale of WPS Office software products and services. Its product portfolio includes WPS Office Pro 2016, WPS mobile office platform, WPS Office Personal Edition, WPS Office Mobile, and Kingsoft Power Enterprise Edition.

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