Chengdu Information Technology of Chinese Academy of Sciences Co (SZSE:300678) ROCE % : -3.90% (As of Dec. 2024)

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What is Chengdu Information Technology of Chinese Academy of Sciences 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. Chengdu Information Technology of Chinese Academy of Sciences Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -3.90%.

Chengdu Information Technology of Chinese Academy of Sciences Co ROCE % Historical Data

The historical data trend for Chengdu Information Technology of Chinese Academy of Sciences 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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Chengdu Information Technology of Chinese Academy of Sciences Co ROCE % Chart

Chengdu Information Technology of Chinese Academy of Sciences Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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9.43

7.18

7.33

5.00

0.34

Chengdu Information Technology of Chinese Academy of Sciences Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															7.92	5.11	0.49	-0.39	-3.90

Chengdu Information Technology of Chinese Academy of Sciences Co ROCE % Calculation

Chengdu Information Technology of Chinese Academy of Sciences Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	2.94	/	( ( (1263.044 - 392.06)	+	(1192.791 - 321.28) )	/ 2 )
	=	2.94	/	( (870.984	+	871.511)	/ 2 )
	=	2.94	/	871.2475
	=	0.34 %

Chengdu Information Technology of Chinese Academy of Sciences Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-33.784	/	( ( (1032.248 - 171.925)	+	(1192.791 - 321.28) )	/ 2 )
	=	-33.784	/	( ( 860.323	+	871.511 )	/ 2 )
	=	-33.784	/	865.917
	=	-3.90 %

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

Chengdu Information Technology of Chinese Academy of Sciences Co (SZSE:300678) 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.

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Chengdu Information Technology of Chinese Academy of Sciences Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Chengdu Information Technology of Chinese Academy of Sciences Co Ltd (SZSE:300678) » Definitions » ROCE %

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Address

Renmin South Road, No. 9 Section 4, Sichuan Province, Chengdu, CHN, 610041

Website

http://www.casit.com.cn

Chengdu Information Technology of Chinese Academy of Sciences Co Ltd is engaged in the provision of informational solutions, intelligent engineering and related products and technical services for the government, tobacco, oil and gas, special printing and other industries. It also provides election equipment for the major party and national conferences. In addition, the company is also a key technology-supporting unit of China's tobacco industry informatization construction and a research and development and manufacturing provider of major testing equipment for the national printing industry.

Executives

Fu Zhong Liang	Director
Liu Xiao Bing	Secretary Dong
Wang Xiao Yu	Director
Cao De Jun	Independent director
Zhong Yong	Executives
Wang Xiao Dong	Executives
Xiao Fan	Supervisors
Yin Bang Ming	Secretary Dong
Fang Wei	Executives
Wang Wei	Supervisors

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