Glory View Technology Co (SZSE:301396) ROCE % : -2.28% (As of Mar. 2024)

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What is Glory View 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. Glory View Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.28%.

Glory View Technology Co ROCE % Historical Data

The historical data trend for Glory View 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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Glory View Technology Co ROCE % Chart

Glory View Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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32.58

31.11

29.65

9.19

3.14

Glory View Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										0.86	0.04	0.88	10.96	-2.28

Glory View Technology Co ROCE % Calculation

Glory View 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 )
	=	41.593	/	( ( (1833.538 - 551.441)	+	(2173.884 - 803.361) )	/ 2 )
	=	41.593	/	( (1282.097	+	1370.523)	/ 2 )
	=	41.593	/	1326.31
	=	3.14 %

Glory View Technology Co'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 )
	=	-31.104	/	( ( (2173.884 - 803.361)	+	(2011.815 - 655.013) )	/ 2 )
	=	-31.104	/	( ( 1370.523	+	1356.802 )	/ 2 )
	=	-31.104	/	1363.6625
	=	-2.28 %

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

Glory View Technology Co (SZSE:301396) 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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Glory View Technology Co (SZSE:301396) Business Description

Industry

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Comparable Companies

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Address

No. 162, Science Avenue, Units 701 and 702, 7th Floor, District B2, Guangzhou High-tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663

Website

http://www.gloryview.com

Glory View Technology Co Ltd is engaged in providing smart city solutions including smart medical care, smart education, smart community, smart buildings, smart government affairs, and smart parks in the three major areas of smart people's livelihood, urban comprehensive management, and smart parks.

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