Primeton Information Technologies (SHSE:688118) ROCE % : -4.75% (As of Sep. 2024)

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What is Primeton Information Technologies 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. Primeton Information Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was -4.75%.

Primeton Information Technologies ROCE % Historical Data

The historical data trend for Primeton Information Technologies'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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Primeton Information Technologies ROCE % Chart

Primeton Information Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.28

2.26

4.36

-1.00

-2.87

Primeton Information Technologies 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															-4.09	7.37	-20.33	-11.54	-4.75

Primeton Information Technologies ROCE % Calculation

Primeton Information Technologies'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 )
	=	-25.05	/	( ( (1020.817 - 144.49)	+	(988.155 - 120.868) )	/ 2 )
	=	-25.05	/	( (876.327	+	867.287)	/ 2 )
	=	-25.05	/	871.807
	=	-2.87 %

Primeton Information Technologies'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 )
	=	-38.14	/	( ( (921.483 - 115.445)	+	(913.747 - 114.667) )	/ 2 )
	=	-38.14	/	( ( 806.038	+	799.08 )	/ 2 )
	=	-38.14	/	802.559
	=	-4.75 %

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

Primeton Information Technologies (SHSE:688118) 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.

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Primeton Information Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Primeton Information Technologies Inc (SHSE:688118) » Definitions » ROCE %

Comparable Companies

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N/A

Address

No. 456, Bibo Road, 4th Floor, Pilot Free Trade Zone, Shanghai, CHN, 200120

Website

https://www.primeton.com

Primeton Information Technologies Inc is a software infrastructure platform product and solution provider for enterprises and institutions in the financial, telecommunications, government and other industries. The company's software infrastructure platform products and technical services cover three technical fields, cloud application platform software, big data central Taiwan software and SOA integration platform software.

Executives

Yang Yu Bao	Directors, senior managers
Liu Ya Dong	Director
Qian Jun	Core technical personnel
Jiao Lie Yan	Senior management, core technical personnel
Wang Ke Qiang	Core technical personnel
Wang Cong Quan	Core technical personnel

Primeton Information Technologies Headlines

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