Troy Information Technology Co (SZSE:300366) ROCE % : -25.40% (As of Sep. 2024)

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What is Troy 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. Troy Information Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -25.40%.

Troy Information Technology Co ROCE % Historical Data

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

Troy Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.42

-37.93

-0.67

-2.92

-28.90

Troy Information 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															-10.83	-102.71	-19.85	-15.47	-25.40

Troy Information Technology Co ROCE % Calculation

Troy 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 )
	=	-572.472	/	( ( (3881.899 - 1653.429)	+	(3427.833 - 1693.957) )	/ 2 )
	=	-572.472	/	( (2228.47	+	1733.876)	/ 2 )
	=	-572.472	/	1981.173
	=	-28.90 %

Troy Information 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 )
	=	-392.28	/	( ( (3334.753 - 1736.003)	+	(3263.675 - 1773.075) )	/ 2 )
	=	-392.28	/	( ( 1598.75	+	1490.6 )	/ 2 )
	=	-392.28	/	1544.675
	=	-25.40 %

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

Troy Information Technology Co (SZSE:300366) 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.

Troy Information Technology Co ROCE % Related Terms

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Troy Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Troy Information Technology Co Ltd (SZSE:300366) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28, Xixin Avenue, High-tech Zone, Gaoxin West District, Chengdu, CHN, 611731

Website

https://www.troy.cn

Troy Information Technology Co Ltd is a Chinese technical service provider for telecom operators. Its product technologies include big data, Cloud computing, and Wisdom. Its big data products include enterprise-level big data platform, big data business model platform, big data processing platform, and big data capability sharing platform.

Executives

Wang Xiao Wei	Director
Li Jing	Directors, executives
Du Guang Xiang	Directors, executives
Lu Wen Bin	Director
He Wen Jiang	Directors, executives
Liu Jie	Executives
Wang Xiao Ming	Director
Wang Yong	Supervisors
Lei Li	Directors, executives
Zhou Xue Jun	Director
Gu Hong Bin	Executives

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