Shanghai Newtouch Software Co (SHSE:688590) ROCE % : 4.52% (As of Mar. 2024)

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What is Shanghai Newtouch Software 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. Shanghai Newtouch Software Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.52%.

Shanghai Newtouch Software Co ROCE % Historical Data

The historical data trend for Shanghai Newtouch Software 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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Shanghai Newtouch Software Co ROCE % Chart

Shanghai Newtouch Software Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.12

12.19

15.08

-1.99

6.91

Shanghai Newtouch Software Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.26	7.11	6.31	10.15	4.52

Shanghai Newtouch Software Co ROCE % Calculation

Shanghai Newtouch Software 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 )
	=	122.729	/	( ( (2380.204 - 635.405)	+	(2699.69 - 890.833) )	/ 2 )
	=	122.729	/	( (1744.799	+	1808.857)	/ 2 )
	=	122.729	/	1776.828
	=	6.91 %

Shanghai Newtouch Software 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 )
	=	87.216	/	( ( (2699.69 - 890.833)	+	(3033.756 - 982.364) )	/ 2 )
	=	87.216	/	( ( 1808.857	+	2051.392 )	/ 2 )
	=	87.216	/	1930.1245
	=	4.52 %

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

Shanghai Newtouch Software Co (SHSE:688590) 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.

Shanghai Newtouch Software Co ROCE % Related Terms

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Shanghai Newtouch Software Co (SHSE:688590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Newtouch Software Co Ltd (SHSE:688590) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98, Lane 91, Eshan Road, Building No. 1, Software Park, 4th -6th Floor, Pilot Free Trade Zone, Shanghai, CHN, 200127

Website

https://www.newtouch.com

Shanghai Newtouch Software Co Ltd focuses on providing IT solutions, IT operation and maintenance services to insurance companies, banks and other financial institutions and end customers in other industries such as telecommunications, automobiles, and medical care.

Executives

Shi Hai	Core technical personnel
Zhang Zhe Bin	Core technical personnel
Guo Wei	Director
Feng Guo Dong	Core technical personnel

Shanghai Newtouch Software Co (SHSE:688590) Headlines

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