Hand Enterprise Solutions Co (SZSE:300170) ROCE % : 4.31% (As of Mar. 2024)

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What is Hand Enterprise Solutions 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. Hand Enterprise Solutions Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.31%.

Hand Enterprise Solutions Co ROCE % Historical Data

The historical data trend for Hand Enterprise Solutions 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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Hand Enterprise Solutions Co ROCE % Chart

Hand Enterprise Solutions Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.81

2.68

6.26

11.60

-0.71

Hand Enterprise Solutions 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															3.85	-0.03	0.94	-7.54	4.31

Hand Enterprise Solutions Co ROCE % Calculation

Hand Enterprise Solutions 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 )
	=	-35.129	/	( ( (5816.352 - 919.074)	+	(5963.202 - 997.571) )	/ 2 )
	=	-35.129	/	( (4897.278	+	4965.631)	/ 2 )
	=	-35.129	/	4931.4545
	=	-0.71 %

Hand Enterprise Solutions 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 )
	=	215.396	/	( ( (5963.202 - 997.571)	+	(6011.562 - 979.548) )	/ 2 )
	=	215.396	/	( ( 4965.631	+	5032.014 )	/ 2 )
	=	215.396	/	4998.8225
	=	4.31 %

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

Hand Enterprise Solutions Co (SZSE:300170) 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.

Hand Enterprise Solutions Co ROCE % Related Terms

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Hand Enterprise Solutions Co (SZSE:300170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hand Enterprise Solutions Co Ltd (SZSE:300170) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 1339 Central Plaza, No 381Central Huaihai Road, Shanghai, CHN, 200020

Website

http://www.hand-china.com

Hand Enterprise Solutions Co Ltd is a China-based ERP consulting implementation company. Its business operations include enterprise information application product development, consulting implementation and technical services. Its product and service offering comprises charge control system, supply chain financial services cloud platform, master data management, enterprise mobile platform, and other technical products.

Executives

Chen Di Qing	Director
Huang Qing	Supervisors
Lu Ya	Securities Affairs Representative
Shu Xiao	Securities Affairs Representative
Fan Jian Zhen	Director
Wang Xin Yi	Executives
Zhang Wei Feng	Directors, executives

Hand Enterprise Solutions Co (SZSE:300170) Headlines

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