Cubic Digital Technology Co (SZSE:300344) ROCE % : -20.39% (As of Sep. 2024)

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What is Cubic Digital 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. Cubic Digital Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -20.39%.

Cubic Digital Technology Co ROCE % Historical Data

The historical data trend for Cubic Digital 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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Cubic Digital Technology Co ROCE % Chart

Cubic Digital Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.75

-161.24

10.22

-26.13

-29.17

Cubic Digital Technology 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															-20.08	-67.65	-16.43	-18.61	-20.39

Cubic Digital Technology Co ROCE % Calculation

Cubic Digital 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 )
	=	-131.324	/	( ( (723.981 - 209.754)	+	(524.662 - 138.413) )	/ 2 )
	=	-131.324	/	( (514.227	+	386.249)	/ 2 )
	=	-131.324	/	450.238
	=	-29.17 %

Cubic Digital Technology 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 )
	=	-70.392	/	( ( (502.984 - 148.812)	+	(526.278 - 189.972) )	/ 2 )
	=	-70.392	/	( ( 354.172	+	336.306 )	/ 2 )
	=	-70.392	/	345.239
	=	-20.39 %

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

Cubic Digital Technology Co (SZSE:300344) 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.

Cubic Digital Technology Co ROCE % Related Terms

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Cubic Digital Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Cubic Digital Technology Co Ltd (SZSE:300344) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

The intersection of Gaocheng East Road and Jinger Road, Economic and Technological Development Zone, Anhui Province, Lu'an, CHN, 237009

Website

https://www.cubicdt.com

Cubic Digital Technology Co Ltd formerly Taikong Intelligent Construction Co Ltd is a China based company operates in the construction industry. It is committed to intelligent construction services, technology development, technical services, technology transfer, engineering technology consulting and system integration; software development and technical services. The products offered by the group include Composite core roof panel, Grid plate, Light board, 9m column distance, Industrial wall panel and others.

Executives

Li Zheng Chao	Executives
Fan Li	Directors, executives
Fan Zhi	Director
Zhao Huan	Supervisors
Lu Geng Sheng	Executives
Wang Quan	Directors, executives
Qian Wei Hua	Executives
Yang Kun	Supervisors
Zhang Zuo Ling	Executives

Cubic Digital Technology Co Headlines

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