WebRAY Tech (Beijing) Co (SHSE:688651) ROCE % : -4.13% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is WebRAY Tech (Beijing) 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. WebRAY Tech (Beijing) Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.13%.

WebRAY Tech (Beijing) Co ROCE % Historical Data

The historical data trend for WebRAY Tech (Beijing) 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.

* Premium members only.

WebRAY Tech (Beijing) Co ROCE % Chart

WebRAY Tech (Beijing) Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

45.56

26.66

24.48

19.15

6.44

WebRAY Tech (Beijing) Co Quarterly Data
	Dec13	Dec14	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										-12.11	-0.04	-12.69	28.39	-4.13

WebRAY Tech (Beijing) Co ROCE % Calculation

WebRAY Tech (Beijing) 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 )
	=	41.568	/	( ( (368.913 - 90.418)	+	(1140.756 - 128.304) )	/ 2 )
	=	41.568	/	( (278.495	+	1012.452)	/ 2 )
	=	41.568	/	645.4735
	=	6.44 %

WebRAY Tech (Beijing) Co'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 )
	=	-41.432	/	( ( (1140.756 - 128.304)	+	(1140.593 - 146.559) )	/ 2 )
	=	-41.432	/	( ( 1012.452	+	994.034 )	/ 2 )
	=	-41.432	/	1003.243
	=	-4.13 %

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

WebRAY Tech (Beijing) Co (SHSE:688651) 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.

WebRAY Tech (Beijing) Co ROCE % Related Terms

Thank you for viewing the detailed overview of WebRAY Tech (Beijing) Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

WebRAY Tech (Beijing) Co (SHSE:688651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WebRAY Tech (Beijing) Co Ltd (SHSE:688651) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Shangdi Ninth Street, Room 209, 2nd Floor, Haidian, Beijing, CHN, 100085

Website

https://www.webray.com.cn

WebRAY Tech (Beijing) Co Ltd is engaged in Research and development, production and sales of network security products. The company is focused on the field of cyberspace security, with the mission of making cyberspace more orderly, providing customers with basic network security, business scene security, and cyberspace map security products and services.

WebRAY Tech (Beijing) Co (SHSE:688651) Headlines

No Headlines