Nexwise Intelligence China (SZSE:301248) ROCE % : 0.56% (As of Mar. 2024)

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What is Nexwise Intelligence China 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. Nexwise Intelligence China's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.56%.

Nexwise Intelligence China ROCE % Historical Data

The historical data trend for Nexwise Intelligence China'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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Nexwise Intelligence China ROCE % Chart

Nexwise Intelligence China Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.89

30.28

17.81

5.24

0.07

Nexwise Intelligence China Quarterly Data
	Jun15	Dec17	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.11	1.61	-4.56	0.03	0.56

Nexwise Intelligence China ROCE % Calculation

Nexwise Intelligence China'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 )
	=	1.191	/	( ( (2249.281 - 604.225)	+	(2321.205 - 695.378) )	/ 2 )
	=	1.191	/	( (1645.056	+	1625.827)	/ 2 )
	=	1.191	/	1635.4415
	=	0.07 %

Nexwise Intelligence China's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	9.068	/	( ( (2321.205 - 695.378)	+	(2299.987 - 669.042) )	/ 2 )
	=	9.068	/	( ( 1625.827	+	1630.945 )	/ 2 )
	=	9.068	/	1628.386
	=	0.56 %

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

Nexwise Intelligence China (SZSE:301248) 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.

Nexwise Intelligence China ROCE % Related Terms

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Nexwise Intelligence China (SZSE:301248) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Nexwise Intelligence China Ltd (SZSE:301248) » Definitions » ROCE %

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Address

No. 162, Science Avenue, Unit 301, Building B3, High-tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663

Website

http://www.nexwise.com.cn

Nexwise Intelligence China Ltd is a high-tech company in computing, intelligent system and security services. It is committed to security systems and intelligent systems, providing excellent services to military, government, police, energy and infrastructure and other partners.

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