Fujian Star-Net Communication Co (SZSE:002396) ROCE % : 8.44% (As of Jun. 2024)

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What is Fujian Star-Net Communication 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. Fujian Star-Net Communication Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.44%.

Fujian Star-Net Communication Co ROCE % Historical Data

The historical data trend for Fujian Star-Net Communication 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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Fujian Star-Net Communication Co ROCE % Chart

Fujian Star-Net Communication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.54

11.40

12.72

11.02

5.38

Fujian Star-Net Communication Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															6.27	5.78	4.96	-1.15	8.44

Fujian Star-Net Communication Co ROCE % Calculation

Fujian Star-Net Communication 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 )
	=	494.097	/	( ( (14475.966 - 5534.424)	+	(15401.103 - 5982.132) )	/ 2 )
	=	494.097	/	( (8941.542	+	9418.971)	/ 2 )
	=	494.097	/	9180.2565
	=	5.38 %

Fujian Star-Net Communication Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	790.816	/	( ( (14923.571 - 5477.672)	+	(15768.645 - 6470.096) )	/ 2 )
	=	790.816	/	( ( 9445.899	+	9298.549 )	/ 2 )
	=	790.816	/	9372.224
	=	8.44 %

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

Fujian Star-Net Communication Co (SZSE:002396) 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.

Fujian Star-Net Communication Co ROCE % Related Terms

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Fujian Star-Net Communication Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fujian Star-Net Communication Co Ltd (SZSE:002396) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 618 Jinshan Avenue, Building 19-22, Ruijie Science and Technology Park, Juyuanzhou Star Network, Cangshan District, Fujian, Fuzhou City, CHN, 350002

Website

http://www.star-net.cn

Fujian Star-Net Communication Co Ltd is a China-based company operates in the terminals and video application systems. It serves in the fields of network communication, switches, cloud computing, payment terminals, desktop clouds, wireless and broadband access, and video information applications. The company serves approximately 100 countries worldwide. Its product portfolio includes smart network, smart cloud, and smart finance.

Executives

Liu Zhong Dong	Executives

Zheng Hong	Executives
Tian Zhong Min	Supervisors
Huang Song En	Director
Wei Shu Song	Director
Huang Yi Hao	Director

Fujian Star-Net Communication Co Headlines

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