Beijing Topnew Info & Tech Co (SZSE:300895) ROCE % : -11.19% (As of Sep. 2024)

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What is Beijing Topnew Info & Tech 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. Beijing Topnew Info & Tech Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -11.19%.

Beijing Topnew Info & Tech Co ROCE % Historical Data

The historical data trend for Beijing Topnew Info & Tech 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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Beijing Topnew Info & Tech Co ROCE % Chart

Beijing Topnew Info & Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.17

6.06

4.44

-6.10

-14.31

Beijing Topnew Info & Tech 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															-2.83	-50.83	-7.17	-11.26	-11.19

Beijing Topnew Info & Tech Co ROCE % Calculation

Beijing Topnew Info & Tech 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 )
	=	-153.489	/	( ( (1278.308 - 141.087)	+	(1107.15 - 98.63) )	/ 2 )
	=	-153.489	/	( (1137.221	+	1008.52)	/ 2 )
	=	-153.489	/	1072.8705
	=	-14.31 %

Beijing Topnew Info & Tech 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 )
	=	-106.356	/	( ( (1068.125 - 104.424)	+	(1040.165 - 103.638) )	/ 2 )
	=	-106.356	/	( ( 963.701	+	936.527 )	/ 2 )
	=	-106.356	/	950.114
	=	-11.19 %

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

Beijing Topnew Info & Tech Co (SZSE:300895) 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.

Beijing Topnew Info & Tech Co ROCE % Related Terms

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Beijing Topnew Info & Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Topnew Info & Tech Co Ltd (SZSE:300895) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Tiantan East Road, Tongniu Information Building, Dongcheng District, Beijing, CHN, 100061

Website

http://www.topnewinfo.cn

Beijing Topnew Info & Tech Co Ltd is a software company providing internet data center services, cloud services, internet access services, internet data center and cloud platform information system integration services, application software development services. The company provides high-end IT technical services for global multinational companies, and provides customers with customized comprehensive solutions such as design, procurement, configuration, testing, installation, inventory management, and transportation services, and realize all over the world IT delivery.

Executives

Gao Hong Bo	Directors, executives
Li Chao Cheng	Executives
Liu Yi	Directors, executives
Fan Hong Tao	Executives
Zhang Ying	Supervisors

Beijing Topnew Info & Tech Co Headlines

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