Strait Innovation Internet Co (SZSE:300300) ROCE % : -12.75% (As of Sep. 2024)

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What is Strait Innovation Internet 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. Strait Innovation Internet Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -12.75%.

Strait Innovation Internet Co ROCE % Historical Data

The historical data trend for Strait Innovation Internet 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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Strait Innovation Internet Co ROCE % Chart

Strait Innovation Internet Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-42.74

-44.53

-42.01

-28.59

-58.30

Strait Innovation Internet Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-34.18	-139.61	-17.73	12.23	-12.75

Strait Innovation Internet Co ROCE % Calculation

Strait Innovation Internet 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 )
	=	-227.923	/	( ( (1337.465 - 854.489)	+	(1211.221 - 912.264) )	/ 2 )
	=	-227.923	/	( (482.976	+	298.957)	/ 2 )
	=	-227.923	/	390.9665
	=	-58.30 %

Strait Innovation Internet Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-30.176	/	( ( (1157.449 - 908.201)	+	(1136.54 - 912.364) )	/ 2 )
	=	-30.176	/	( ( 249.248	+	224.176 )	/ 2 )
	=	-30.176	/	236.712
	=	-12.75 %

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

Strait Innovation Internet Co (SZSE:300300) 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.

Strait Innovation Internet Co ROCE % Related Terms

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Strait Innovation Internet Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Strait Innovation Internet Co Ltd (SZSE:300300) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.181 Tianmushan Road, 6th Floor, Skyline Building, Xihu District, Zhejiang Province, Hangzhou, CHN, 310063

Website

http://www.hxcx.com.cn

Strait Innovation Internet Co Ltd is a provider of technical services, technology development, technology consulting, technology exchange, technology transfer, technology promotion; software development; information technology consulting services; data processing services; information system integration services; foreign contracting projects; computer software and hardware and auxiliary equipment wholesale.

Executives

Lin Qing Hua	Executives
Wang Wei Shan	Executives
Ceng Zhi Yong	Executives
Yu Jing	Executives
Ye Xing Bo	Directors, executives
Wang Ya Hong	Executives
Yang Xiao Jiang	Executives
Huang Men Ma	Executives
Wu Yan	Director
Jin Xue Jun	Director
Xu Ce	Supervisors
Wang Zhi Bin	Executives
Zhuang Liang	Executives
Ma Gang	Directors, executives
Yin Yu Shun	Director

Strait Innovation Internet Co Headlines

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