Fujian Rongji Software Co (SZSE:002474) ROCE % : 2.06% (As of Sep. 2024)

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What is Fujian Rongji Software 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 Rongji Software Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.06%.

Fujian Rongji Software Co ROCE % Historical Data

The historical data trend for Fujian Rongji Software 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 Rongji Software Co ROCE % Chart

Fujian Rongji Software Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.00

4.53

3.64

1.97

-8.79

Fujian Rongji Software 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															-4.68	-20.45	-4.79	0.42	2.06

Fujian Rongji Software Co ROCE % Calculation

Fujian Rongji Software 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 )
	=	-146.167	/	( ( (2726.663 - 985.397)	+	(2678.483 - 1093.263) )	/ 2 )
	=	-146.167	/	( (1741.266	+	1585.22)	/ 2 )
	=	-146.167	/	1663.243
	=	-8.79 %

Fujian Rongji Software 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 )
	=	32.176	/	( ( (2529.988 - 970.481)	+	(2564.796 - 998.219) )	/ 2 )
	=	32.176	/	( ( 1559.507	+	1566.577 )	/ 2 )
	=	32.176	/	1563.042
	=	2.06 %

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

Fujian Rongji Software Co (SZSE:002474) 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 Rongji Software Co ROCE % Related Terms

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Fujian Rongji Software Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fujian Rongji Software Co Ltd (SZSE:002474) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Software Avenue, Area Drum Tower A, 15, 89, Fuzhou, Fujian Province, CHN, 350003

Website

http://www.rongji.com.cn

Fujian Rongji Software Co Ltd is principally engaged in the development and distribution of software products in China. The company offers software products for e-government, information security, judicial information, quality inspection information, and environmental information industries.

Executives

Jin Yi	Directors, executives
Wan Xiao Xiong	Directors, executives
Liu Jing Yan	Director
Bin Zhuang Xing	Executives
Chen Ming Ping	Directors, executives
Lu Feng	Directors, executives
Zhen Qian Jin	Executives
Zhao Jian	Director
Li Hui Qin	Executives
Hou Wei	Directors, executives
Chen Wei	Supervisors
Wei Jian Guang	Supervisors
Wang Jie	Directors, executives
Yang Xue Yuan	Director
Zhang Zhi Ge	Director

Fujian Rongji Software Co Headlines

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