Beijing Shenzhou Aerospace Software Technology Co (SHSE:688562) ROCE % : 11.96% (As of Dec. 2024)

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What is Beijing Shenzhou Aerospace Software 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. Beijing Shenzhou Aerospace Software Technology Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 11.96%.

Beijing Shenzhou Aerospace Software Technology Co ROCE % Historical Data

The historical data trend for Beijing Shenzhou Aerospace Software 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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Beijing Shenzhou Aerospace Software Technology Co ROCE % Chart

Beijing Shenzhou Aerospace Software Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-4.58

6.33

8.32

4.13

-3.20

Beijing Shenzhou Aerospace Software Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial											11.56	-6.43	-8.08	-8.83	11.96

Beijing Shenzhou Aerospace Software Technology Co ROCE % Calculation

Beijing Shenzhou Aerospace Software Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-61.23	/	( ( (3618.521 - 1609.083)	+	(3170.603 - 1347.487) )	/ 2 )
	=	-61.23	/	( (2009.438	+	1823.116)	/ 2 )
	=	-61.23	/	1916.277
	=	-3.20 %

Beijing Shenzhou Aerospace Software Technology Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	225.504	/	( ( (3400.059 - 1453.706)	+	(3170.603 - 1347.487) )	/ 2 )
	=	225.504	/	( ( 1946.353	+	1823.116 )	/ 2 )
	=	225.504	/	1884.7345
	=	11.96 %

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

Beijing Shenzhou Aerospace Software Technology Co (SHSE:688562) 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 Shenzhou Aerospace Software Technology Co ROCE % Related Terms

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Beijing Shenzhou Aerospace Software Technology Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Shenzhou Aerospace Software Technology Co Ltd (SHSE:688562) » Definitions » ROCE %

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Address

No. 28, Yongfeng Road, Haidian District, Beijing, CHN, 100094

Website

http://www.bjsasc.com

Beijing Shenzhou Aerospace Software Technology Co Ltd is a large-scale professional software and information service company directly controlled by China Aerospace Science and Technology Corporation. It has built independent software products (basic software, industrial software), information technology services (financial audit information services, business secret network cloud services, information operation and maintenance services) and information system integration (mainly for aerospace and party, government and military fields).

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