Qiming Information Technology Co (SZSE:002232) ROCE % : -9.53% (As of Sep. 2024)

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What is Qiming Information 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. Qiming Information Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -9.53%.

Qiming Information Technology Co ROCE % Historical Data

The historical data trend for Qiming Information 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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Qiming Information Technology Co ROCE % Chart

Qiming Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.15

12.92

3.34

5.57

2.73

Qiming Information 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															5.60	-8.16	-4.85	5.55	-9.53

Qiming Information Technology Co ROCE % Calculation

Qiming Information 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 )
	=	39.331	/	( ( (2225.578 - 783.424)	+	(2177.194 - 739.406) )	/ 2 )
	=	39.331	/	( (1442.154	+	1437.788)	/ 2 )
	=	39.331	/	1439.971
	=	2.73 %

Qiming Information 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 )
	=	-135.016	/	( ( (1925.507 - 492.105)	+	(1863.657 - 464.569) )	/ 2 )
	=	-135.016	/	( ( 1433.402	+	1399.088 )	/ 2 )
	=	-135.016	/	1416.245
	=	-9.53 %

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

Qiming Information Technology Co (SZSE:002232) 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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Qiming Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Qiming Information Technology Co Ltd (SZSE:002232) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1009 Lily Street, Changchun Jingyue High-tech Industrial Development Zone, Jilin Province, Changchun, CHN, 130122

Website

http://www.qm.cn

Qiming Information Technology Co Ltd specializes in the research and development, manufacturing and services for automotive industry management software and automotive electronics products.

Executives

Du A Wei	Executives
Wang Qiang	Director
Xie Chun Yu	Executives
Ren Ming	Supervisors
Bai Yu Min	Executives
Zhao Xiao Guo	Executives
Zhao Cheng Cai	Director
Zhang Yi Shan	Director
Cheng Chuan Hai	Directors, executives

Qiming Information Technology Co Headlines

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