Shandong Cvicse Middleware Co (SHSE:688695) ROCE % : 4.24% (As of Sep. 2024)

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What is Shandong Cvicse Middleware 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. Shandong Cvicse Middleware Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.24%.

Shandong Cvicse Middleware Co ROCE % Historical Data

The historical data trend for Shandong Cvicse Middleware 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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Shandong Cvicse Middleware Co ROCE % Chart

Shandong Cvicse Middleware Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.92

48.40

25.12

15.05

19.53

Shandong Cvicse Middleware Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															11.42	61.85	1.55	-0.32	4.24

Shandong Cvicse Middleware Co ROCE % Calculation

Shandong Cvicse Middleware 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 )
	=	72.346	/	( ( (368.65 - 29.046)	+	(451.865 - 50.454) )	/ 2 )
	=	72.346	/	( (339.604	+	401.411)	/ 2 )
	=	72.346	/	370.5075
	=	19.53 %

Shandong Cvicse Middleware 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 )
	=	33.108	/	( ( (804.106 - 26.316)	+	(812.59 - 27.199) )	/ 2 )
	=	33.108	/	( ( 777.79	+	785.391 )	/ 2 )
	=	33.108	/	781.5905
	=	4.24 %

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

Shandong Cvicse Middleware Co (SHSE:688695) 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.

Shandong Cvicse Middleware Co ROCE % Related Terms

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Shandong Cvicse Middleware Co Business Description

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Address

Qianfoshan East Road, No. 41-1, Lixia District, Shandong Province, Jinan, CHN, 250014

Website

http://www.inforbus.com

Shandong Cvicse Middleware Co Ltd is engaged in research and development and sales of middleware software and provision of related technical services.

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