Shenzhen Tianyuan Dic Information Technology Co (SZSE:300047) ROCE % : 2.66% (As of Dec. 2024)

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What is Shenzhen Tianyuan Dic 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. Shenzhen Tianyuan Dic Information Technology Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 2.66%.

Shenzhen Tianyuan Dic Information Technology Co ROCE % Historical Data

The historical data trend for Shenzhen Tianyuan Dic 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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Shenzhen Tianyuan Dic Information Technology Co ROCE % Chart

Shenzhen Tianyuan Dic Information Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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8.10

4.99

4.77

4.57

4.66

Shenzhen Tianyuan Dic Information Technology Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															4.92	5.13	6.15	3.98	2.66

Shenzhen Tianyuan Dic Information Technology Co ROCE % Calculation

Shenzhen Tianyuan Dic Information Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	169.588	/	( ( (7065.933 - 3285.729)	+	(7678.263 - 4173.566) )	/ 2 )
	=	169.588	/	( (3780.204	+	3504.697)	/ 2 )
	=	169.588	/	3642.4505
	=	4.66 %

Shenzhen Tianyuan Dic Information Technology Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	97.532	/	( ( (6449.391 - 2619.178)	+	(7678.263 - 4173.566) )	/ 2 )
	=	97.532	/	( ( 3830.213	+	3504.697 )	/ 2 )
	=	97.532	/	3667.455
	=	2.66 %

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

Shenzhen Tianyuan Dic Information Technology Co (SZSE:300047) 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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Shenzhen Tianyuan Dic Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Tianyuan Dic Information Technology Co Ltd (SZSE:300047) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nanqi Road, 3rd Floor, T3 Building, Shenzhen High-tech Industrial Park, Shenzhen, CHN

Website

http://www.tydic.com

Shenzhen Tianyuan Dic Information Technology Co Ltd is a China-based integrated internet and big data solutions provider. It is developing advanced technologies such as cloud computing, big data, artificial intelligence, and the Internet of Things. The business areas to which the company offers are platform products, Telecommunications, Finance, Government and other industries.

Executives

Wang Dong Sheng	Directors, executives
Luo Zan	Executives
Chen Bing	Director
Lin Rong	Executives
Chen You	Director
Xie Li Ta	Executives
Chen Lu Kang	Directors, executives
Xie Xiao Bin	Director
Chen Xiu Qin	Directors, executives
Guan Si Xin	Executives
Xie Wei	Securities Affairs Representative
Liang Ling Lin	Supervisors
Li Qian Yi	Directors, executives
Zhang Yuan	Supervisors
Zheng Yu	Securities Affairs Representative

Shenzhen Tianyuan Dic Information Technology Co Headlines

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