iSoftstone Information Technology (Group) Co (SZSE:301236) ROCE % : 8.40% (As of Sep. 2024)

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What is iSoftstone Information Technology (Group) 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. iSoftstone Information Technology (Group) Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.40%.

iSoftstone Information Technology (Group) Co ROCE % Historical Data

The historical data trend for iSoftstone Information Technology (Group) 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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iSoftstone Information Technology (Group) Co ROCE % Chart

iSoftstone Information Technology (Group) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.72

34.85

22.16

14.31

5.40

iSoftstone Information Technology (Group) Co Quarterly Data
	Dec17	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.28	6.45	-8.85	3.72	8.40

iSoftstone Information Technology (Group) Co ROCE % Calculation

iSoftstone Information Technology (Group) 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 )
	=	574.604	/	( ( (15062.706 - 4657.626)	+	(15617.529 - 4756.785) )	/ 2 )
	=	574.604	/	( (10405.08	+	10860.744)	/ 2 )
	=	574.604	/	10632.912
	=	5.40 %

iSoftstone Information Technology (Group) 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 )
	=	1090.812	/	( ( (22279.162 - 9487.331)	+	(23062.718 - 9881.883) )	/ 2 )
	=	1090.812	/	( ( 12791.831	+	13180.835 )	/ 2 )
	=	1090.812	/	12986.333
	=	8.40 %

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

iSoftstone Information Technology (Group) Co (SZSE:301236) 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.

iSoftstone Information Technology (Group) Co ROCE % Related Terms

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iSoftstone Information Technology (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » iSoftstone Information Technology (Group) Co Ltd (SZSE:301236) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, Northwest Wangdong Road, Room 502, 5th Floor, Building 16, East District, Haidian District, Beijing, CHN, 100193

Website

https://www.isoftstone.com

iSoftstone Information Technology (Group) Co Ltd is engaged in providing end-to-end software and digital technology services and digital operations services.

Executives

Zhao Yong

Director

iSoftstone Information Technology (Group) Co Headlines

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