Zhuhai Comleader Information Science & Technology Co (SHSE:688175) ROCE % : -4.59% (As of Jun. 2024)

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What is Zhuhai Comleader Information Science & 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. Zhuhai Comleader Information Science & Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -4.59%.

Zhuhai Comleader Information Science & Technology Co ROCE % Historical Data

The historical data trend for Zhuhai Comleader Information Science & 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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Zhuhai Comleader Information Science & Technology Co ROCE % Chart

Zhuhai Comleader Information Science & Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.38

26.63

20.06

7.37

2.45

Zhuhai Comleader Information Science & Technology Co Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial														9.44	-2.88	6.38	-2.21	-4.59

Zhuhai Comleader Information Science & Technology Co ROCE % Calculation

Zhuhai Comleader Information Science & 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 )
	=	45.753	/	( ( (2008.337 - 154.79)	+	(2066.963 - 178.593) )	/ 2 )
	=	45.753	/	( (1853.547	+	1888.37)	/ 2 )
	=	45.753	/	1870.9585
	=	2.45 %

Zhuhai Comleader Information Science & Technology Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-85.764	/	( ( (2032.795 - 144.683)	+	(1984.224 - 132.86) )	/ 2 )
	=	-85.764	/	( ( 1888.112	+	1851.364 )	/ 2 )
	=	-85.764	/	1869.738
	=	-4.59 %

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

Zhuhai Comleader Information Science & Technology Co (SHSE:688175) 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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Zhuhai Comleader Information Science & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhuhai Comleader Information Science & Technology Co Ltd (SHSE:688175) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1, Pingdong 1st Road, Nanping Science and Technology Industrial Park, Guangdong Province, Zhuhai, CHN, 519060

Website

http://www.comleader.cn

Zhuhai Comleader Information Science & Technology Co Ltd is engaged in the research and development, production and sales of military telecommunication network communication equipment, environmental protection IoT application products and network and information security products.

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