Beijing Asiacom Information Technology Co (SZSE:301085) ROCE % : 8.27% (As of Sep. 2024)

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What is Beijing Asiacom 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. Beijing Asiacom Information Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.27%.

Beijing Asiacom Information Technology Co ROCE % Historical Data

The historical data trend for Beijing Asiacom 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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Beijing Asiacom Information Technology Co ROCE % Chart

Beijing Asiacom Information Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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45.01

40.52

15.35

12.09

10.93

Beijing Asiacom 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															17.01	-0.73	10.75	8.53	8.27

Beijing Asiacom Information Technology Co ROCE % Calculation

Beijing Asiacom 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 )
	=	103.168	/	( ( (1112.053 - 330.554)	+	(2109.148 - 1003.4) )	/ 2 )
	=	103.168	/	( (781.499	+	1105.748)	/ 2 )
	=	103.168	/	943.6235
	=	10.93 %

Beijing Asiacom 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 )
	=	90.956	/	( ( (1871.925 - 780.162)	+	(2022.085 - 913.787) )	/ 2 )
	=	90.956	/	( ( 1091.763	+	1108.298 )	/ 2 )
	=	90.956	/	1100.0305
	=	8.27 %

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

Beijing Asiacom Information Technology Co (SZSE:301085) 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 Asiacom Information Technology Co ROCE % Related Terms

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Beijing Asiacom Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Asiacom Information Technology Co Ltd (SZSE:301085) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Danling Street, Room 805, Haidian District, Beijing, CHN, 100080

Website

https://www.asiacom.net.cn

Beijing Asiacom Information Technology Co Ltd is engaged in providing information technology equipment sales and operation and maintenance services for large and medium-sized Internet companies and cloud vendors.

Executives

Cao Wei	Directors, executives
Wu Xiao Fan	Executives
Gu Gui Lin	Directors, executives
Wang Feng	Directors, executives

Beijing Asiacom Information Technology Co Headlines

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