Eastcompeace Technology Co (SZSE:002017) ROCE % : 10.98% (As of Sep. 2024)

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What is Eastcompeace 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. Eastcompeace Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.98%.

Eastcompeace Technology Co ROCE % Historical Data

The historical data trend for Eastcompeace 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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Eastcompeace Technology Co ROCE % Chart

Eastcompeace Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.83

2.83

3.58

7.95

12.61

Eastcompeace 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															10.70	18.23	12.07	9.41	10.98

Eastcompeace Technology Co ROCE % Calculation

Eastcompeace 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 )
	=	209.153	/	( ( (2881.07 - 1283.396)	+	(2968.212 - 1249.073) )	/ 2 )
	=	209.153	/	( (1597.674	+	1719.139)	/ 2 )
	=	209.153	/	1658.4065
	=	12.61 %

Eastcompeace 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 )
	=	189.324	/	( ( (3010.174 - 1301.714)	+	(2970.491 - 1229.77) )	/ 2 )
	=	189.324	/	( ( 1708.46	+	1740.721 )	/ 2 )
	=	189.324	/	1724.5905
	=	10.98 %

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

Eastcompeace Technology Co (SZSE:002017) 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.

Eastcompeace Technology Co ROCE % Related Terms

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Eastcompeace Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Eastcompeace Technology Co Ltd (SZSE:002017) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Ping Gong Zhong Road, Nanping S&T Industry Community, Guangdon Province, Zhuhai, CHN, 519060

Website

http://www.eastcompeace.com

Eastcompeace Technology Co Ltd is a provider of smart card and system solution. The firm provides secure qualified products and services including scratch card, contactless card, dual interface card, citizen card, transportation card, social security card, SIMePay, terminal, device management system, mobile payment system, smart tracking system, banking card perso solution, one card solution, and overall solutions. It caters its services to telecommunications, banking and payment, government and public sectors. The company is based in China with a presence in Singapore, Bangladesh, India, and Russia.

Executives

Zhang Xiao Chuan	Directors, executives
Song Gang	Executives
Huang Xiao Peng	Executives
Shi Wen Zhong	Executives
Yuan Jian Guo	Executives
Zhou Yong Jian	Supervisors
Zhou Zhong Guo	Director
Ren Bo	Executives
Guo Duan Duan	Director
Hu Dan	Executives
Yang You Wei	Director
Huang Ning Zhai	Executives
Zhang Pei De	Executives
Li Hai Jiang	Executives

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