Sinodata Co (SZSE:002657) ROCE % : -5.68% (As of Mar. 2024)

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What is Sinodata 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. Sinodata Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.68%.

Sinodata Co ROCE % Historical Data

The historical data trend for Sinodata 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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Sinodata Co ROCE % Chart

Sinodata Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.22

1.13

-3.79

-7.77

-4.96

Sinodata Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-2.56	0.76	-3.37	-14.71	-5.68

Sinodata Co ROCE % Calculation

Sinodata 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 )
	=	-96.871	/	( ( (2717.543 - 711.979)	+	(2529.402 - 625.706) )	/ 2 )
	=	-96.871	/	( (2005.564	+	1903.696)	/ 2 )
	=	-96.871	/	1954.63
	=	-4.96 %

Sinodata Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-107.444	/	( ( (2529.402 - 625.706)	+	(2439.638 - 562.263) )	/ 2 )
	=	-107.444	/	( ( 1903.696	+	1877.375 )	/ 2 )
	=	-107.444	/	1890.5355
	=	-5.68 %

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

Sinodata Co (SZSE:002657) 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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Sinodata Co (SZSE:002657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinodata Co Ltd (SZSE:002657) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

College Road, Haidian District, Building 39, 10th Floor, Beijing, CHN, 100191

Website

http://www.sinodata.net.cn

Sinodata Co Ltd is a software and information service company. The firm is mainly engaged in the design and development of the software applications and platforms for banking and other financial institutions. The company focuses on the internet banking cloud platform, financial asset trading platform, supply chain financial service platform, an e-commerce platform, and mobile payment operations.

Executives

Shen Sa	Directors, executives
Wang Zhi Yu	Executives
Liu Kai Tong	Director
Zhu Ye Dong	Director
He Zhe	Director
Zhang Chao Ying	Executives

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