Hubei Century Network Technology (SZSE:300494) ROCE % : -1.47% (As of Sep. 2024)

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What is Hubei Century Network Technology 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. Hubei Century Network Technology's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.47%.

Hubei Century Network Technology ROCE % Historical Data

The historical data trend for Hubei Century Network Technology'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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Hubei Century Network Technology ROCE % Chart

Hubei Century Network Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.82

7.12

10.53

16.22

11.21

Hubei Century Network Technology 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															8.07	-2.92	3.73	-3.49	-1.47

Hubei Century Network Technology ROCE % Calculation

Hubei Century Network Technology'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 )
	=	187.301	/	( ( (2058.802 - 434.456)	+	(1992.194 - 275.543) )	/ 2 )
	=	187.301	/	( (1624.346	+	1716.651)	/ 2 )
	=	187.301	/	1670.4985
	=	11.21 %

Hubei Century Network Technology'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 )
	=	-25.104	/	( ( (1852.34 - 149.314)	+	(1852.66 - 147.073) )	/ 2 )
	=	-25.104	/	( ( 1703.026	+	1705.587 )	/ 2 )
	=	-25.104	/	1704.3065
	=	-1.47 %

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

Hubei Century Network Technology (SZSE:300494) 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.

Hubei Century Network Technology ROCE % Related Terms

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Hubei Century Network Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Hubei Century Network Technology Inc (SZSE:300494) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 77 Guanggu Avenue, 9-11 Floor, Building B7, Financial Port, Donghu New Technology Development Zone, Hubei, Wuhan, CHN, 430070

Website

http://www.stnts.com

Hubei Century Network Technology Inc provides internet content and service aggregation platforms. Its products and services are network entertainment platforms, mobile internet, internet value-added products, and advertising business. It provides services to Internet cafes, the education sector, hotels, and other public Internet service sites.

Executives

Wang Jun Fang	Directors, executives
Cui Jian Ping	Director
Feng Wei	Directors, executives
Kuang Yao Hua	Directors, executives
Fu Shu Yong	Directors, executives
Chen Ai Bin	Directors, executives

Hubei Century Network Technology Headlines

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