China Information Technology Development (HKSE:08178) ROCE % : -7.20% (As of Dec. 2023)

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What is China Information Technology Development 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. China Information Technology Development's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.20%.

China Information Technology Development ROCE % Historical Data

The historical data trend for China Information Technology Development'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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China Information Technology Development ROCE % Chart

China Information Technology Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.09

0.11

-16.84

-20.28

-5.84

China Information Technology Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-73.59	-0.52	-0.51	-15.55	-7.20

China Information Technology Development ROCE % Calculation

China Information Technology Development'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 )
	=	-17.382	/	( ( (468.784 - 157.12)	+	(349.884 - 66.563) )	/ 2 )
	=	-17.382	/	( (311.664	+	283.321)	/ 2 )
	=	-17.382	/	297.4925
	=	-5.84 %

China Information Technology Development's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-20.4	/	( ( (0 - 0)	+	(349.884 - 66.563) )	/ 1 )
	=	-20.4	/	( ( 0	+	283.321 )	/ 1 )
	=	-20.4	/	283.321
	=	-7.20 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

China Information Technology Development (HKSE:08178) 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.

China Information Technology Development ROCE % Related Terms

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China Information Technology Development (HKSE:08178) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » China Information Technology Development Ltd (HKSE:08178) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

392 Kwun Tong Road, Unit 3308, 33rd Floor, Millennium City 6, Kwun Tong, Hong Kong, HKG

Website

https://www.citd.com.hk

China Information Technology Development Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the provision of system integration and related support services, provision of IT infrastructure solutions and maintenance services, money lending, and securities trading. It operates in the segments of Provision of IT solutions and maintenance, Money lending, Securities trading, and Rental of properties. It generates key revenue from the IT solutions and maintenance segment. It has a business presence in the PRC and Hong Kong, of which a majority of revenue is derived from Hong Kong.

Executives

Zhang Rong	2101 Beneficial owner
Lee Ying Chiu Herbert	2201 Interest of corporation controlled by you
Choi Hing Lin Lori	2202 Interest of your spouse
Lam Shu Chung	2101 Beneficial owner
Tang Keung	2101 Beneficial owner
Valuable Fortune Limited	2101 Beneficial owner
Lee Yat Lung Andrew	2201 Interest of corporation controlled by you

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