TRS Information Technology Co (SZSE:300229) ROCE % : 3.69% (As of Mar. 2024)

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What is TRS 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. TRS Information Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.69%.

TRS Information Technology Co ROCE % Historical Data

The historical data trend for TRS 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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TRS Information Technology Co ROCE % Chart

TRS Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.25

16.66

11.25

5.42

1.12

TRS Information 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															4.41	4.68	-5.81	1.16	3.69

TRS Information Technology Co ROCE % Calculation

TRS Information 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 )
	=	38.098	/	( ( (3883.763 - 484.063)	+	(3746.006 - 361.45) )	/ 2 )
	=	38.098	/	( (3399.7	+	3384.556)	/ 2 )
	=	38.098	/	3392.128
	=	1.12 %

TRS Information 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 )
	=	125.216	/	( ( (3746.006 - 361.45)	+	(3711.236 - 304.415) )	/ 2 )
	=	125.216	/	( ( 3384.556	+	3406.821 )	/ 2 )
	=	125.216	/	3395.6885
	=	3.69 %

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

TRS Information Technology Co (SZSE:300229) 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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TRS Information Technology Co (SZSE:300229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TRS Information Technology Co Ltd (SZSE:300229) » Definitions » ROCE %

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Address

Datun Road, 16th Floor, Block B, West Tower, Chaoyang District, Beijing, CHN, 100101

Website

http://www.trs.com.cn

TRS Information Technology Co Ltd is a provider of artificial intelligence and big data technology and data services in China. The core business of a company includes software product development, industry application solutions and data analysis and mining cloud services, covering big data management, information security, Internet marketing and artificial intelligence.

Executives

He Dong Jiong	Secretary Dong
Cao Hui	Executives
Ma Xin Long	Executives
Xiao Shi Bin	Executives
Li Lin	Executives
Rong Shi	Director
Ling Hu Yong Xing	Executives
Yu Fang Hong	Independent director
Liu Rui Bao	Executives
Li Yu Qin	Director
Shi Shui Cai	Directors, executives
Wang Han Po	Independent director
Fu Jing	Securities Affairs Representative
Lin Chun Yu	Executives

TRS Information Technology Co (SZSE:300229) Headlines

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