Chengdu Qinchuan IoT Technology Co (SHSE:688528) ROCE % : -17.55% (As of Sep. 2024)

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What is Chengdu Qinchuan IoT 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. Chengdu Qinchuan IoT Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -17.55%.

Chengdu Qinchuan IoT Technology Co ROCE % Historical Data

The historical data trend for Chengdu Qinchuan IoT 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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Chengdu Qinchuan IoT Technology Co ROCE % Chart

Chengdu Qinchuan IoT Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.53

9.97

3.91

-0.45

-10.10

Chengdu Qinchuan IoT 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															-7.12	-10.48	-5.19	-11.13	-17.55

Chengdu Qinchuan IoT Technology Co ROCE % Calculation

Chengdu Qinchuan IoT 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 )
	=	-76.894	/	( ( (1043.14 - 228.848)	+	(1013.905 - 305.528) )	/ 2 )
	=	-76.894	/	( (814.292	+	708.377)	/ 2 )
	=	-76.894	/	761.3345
	=	-10.10 %

Chengdu Qinchuan IoT 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 )
	=	-110.156	/	( ( (923.339 - 294.215)	+	(920.321 - 293.77) )	/ 2 )
	=	-110.156	/	( ( 629.124	+	626.551 )	/ 2 )
	=	-110.156	/	627.8375
	=	-17.55 %

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

Chengdu Qinchuan IoT Technology Co (SHSE:688528) 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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Chengdu Qinchuan IoT Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Qinchuan IoT Technology Co Ltd (SHSE:688528) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.931 South Fourth Road, Economic Development Zone, Longquanyi District, Sichuan Province, Chengdu, CHN, 610100

Website

http://www.cdqckj.com

Chengdu Qinchuan IoT Technology Co Ltd is engaged in manufacturing, sales and service of smart gas meters and Internet of Things system software. The company's main products are IC card smart gas meters, Internet of things smart gas meters, membrane gas meters, remote control smart gas meters and industrial and commercial gas meters.

Executives

Zhang Jing	Director
Liu Bin	Senior management, core technical personnel
Wu Yue Fei	Core technical personnel
Wang Jun	Supervisors
Liu Rong Fei	Supervisors
Li Yong	Directors, senior managers, core technical personn
Meng An Hua	Director
Xiang Hai Tang	Directors, senior managers, core technical personn
Quan Ya Qiang	Supervisors, core technical personnel
Li Yu Zhou	Director

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