Enjoyor Technology Co (SZSE:300020) ROCE % : 2.66% (As of Mar. 2024)

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What is Enjoyor 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. Enjoyor Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.66%.

Enjoyor Technology Co ROCE % Historical Data

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

Enjoyor Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.47

7.73

5.38

4.05

-4.98

Enjoyor Technology 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															9.26	-5.82	-2.42	-17.26	2.66

Enjoyor Technology Co ROCE % Calculation

Enjoyor 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 )
	=	-205.951	/	( ( (6567.353 - 2778.831)	+	(6966.18 - 2482.705) )	/ 2 )
	=	-205.951	/	( (3788.522	+	4483.475)	/ 2 )
	=	-205.951	/	4135.9985
	=	-4.98 %

Enjoyor Technology 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 )
	=	119.26	/	( ( (6966.18 - 2482.705)	+	(7147.223 - 2657.073) )	/ 2 )
	=	119.26	/	( ( 4483.475	+	4490.15 )	/ 2 )
	=	119.26	/	4486.8125
	=	2.66 %

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

Enjoyor Technology Co (SZSE:300020) 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.

Enjoyor Technology Co ROCE % Related Terms

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Enjoyor Technology Co (SZSE:300020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Enjoyor Technology Co Ltd (SZSE:300020) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.223 Yile Road, 1st Floor, Building 1,, Zhejiang Province, Hangzhou, CHN, 310030

Website

http://www.enjoyor.net

Enjoyor Technology Co Ltd is a software and information technology services company. It offers smart city solutions, cloud computing, among others.

Executives

Zhang Jian Qiang	Directors, executives
Wu Yue	Director
Chen Li Zhong	Director
Qian Xiao Hong	Directors, executives
Liu Zhan	Director
Hua Shao Fu	Secretary Dong
Wen Xiao Yue	Executives
Fan Jin Xiang	Directors, executives
Chen Cai Jun	Executives
Kong Hua Hua	Supervisors
Fu Zhong	Executives
Ye Zhi Hui	Securities Affairs Representative
Sun Zhi Lin	Directors, executives
Jin Zhen Jiang	Directors, Directors, and Executives
Zhou Ya Fen	Supervisors

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