Digiwin Software Co (SZSE:300378) ROCE % : -2.38% (As of Mar. 2024)

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What is Digiwin Software 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. Digiwin Software Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.38%.

Digiwin Software Co ROCE % Historical Data

The historical data trend for Digiwin Software 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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Digiwin Software Co ROCE % Chart

Digiwin Software Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.64

11.17

9.78

10.79

10.93

Digiwin Software 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															-1.88	11.81	3.76	29.01	-2.38

Digiwin Software Co ROCE % Calculation

Digiwin Software 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 )
	=	232.824	/	( ( (2842.773 - 847.805)	+	(3268.458 - 1001.397) )	/ 2 )
	=	232.824	/	( (1994.968	+	2267.061)	/ 2 )
	=	232.824	/	2131.0145
	=	10.93 %

Digiwin Software 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 )
	=	-53.444	/	( ( (3268.458 - 1001.397)	+	(2893.904 - 669.377) )	/ 2 )
	=	-53.444	/	( ( 2267.061	+	2224.527 )	/ 2 )
	=	-53.444	/	2245.794
	=	-2.38 %

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

Digiwin Software Co (SZSE:300378) 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.

Digiwin Software Co ROCE % Related Terms

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Digiwin Software Co (SZSE:300378) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Lane 1377, Jiangchang Road, 20th Floor, Jing'an District, Shanghai, CHN, 200072

Website

http://www.digiwin.com.cn

Digiwin Software Co Ltd is a China based software solution provider. It offers complete ERP/ERPII solutions for the enterprises. The company offered T-series products are for large size companies; E-series products are for medium size companies; C-series products are for small companies; and A-series cloud services are for small to micro businesses.

Executives

Ye Zi Zhen	Directors, executives
Sun Ai Bin	Director
Ma Xiao Lin	Securities Affairs Representative
Chen Yi Zhong	Supervisors

Digiwin Software Co (SZSE:300378) Headlines

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