Bescient Technologies Co (SHSE:688671) ROCE % : -0.78% (As of Mar. 2024)

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What is Bescient Technologies 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. Bescient Technologies Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.78%.

Bescient Technologies Co ROCE % Historical Data

The historical data trend for Bescient Technologies 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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Bescient Technologies Co ROCE % Chart

Bescient Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

17.72

17.40

19.28

13.96

3.09

Bescient Technologies Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							12.22	8.22	-3.15	2.04	-0.78

Bescient Technologies Co ROCE % Calculation

Bescient Technologies 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 )
	=	25.866	/	( ( (749.499 - 240.472)	+	(1458.27 - 293.43) )	/ 2 )
	=	25.866	/	( (509.027	+	1164.84)	/ 2 )
	=	25.866	/	836.9335
	=	3.09 %

Bescient Technologies 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 )
	=	-9.028	/	( ( (1458.27 - 293.43)	+	(1386.222 - 222.94) )	/ 2 )
	=	-9.028	/	( ( 1164.84	+	1163.282 )	/ 2 )
	=	-9.028	/	1164.061
	=	-0.78 %

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

Bescient Technologies Co (SHSE:688671) 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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Bescient Technologies Co (SHSE:688671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bescient Technologies Co Ltd (SHSE:688671) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Liuxian 3rd Road, Xin'an Street, Room 301, Building 2, Runheng Industrial Zone, No. 1, Xingdong, Bao'an, Guangdong, Shenzhen, CHN, 518101

Website

http://www.bx-tec.com

Bescient Technologies Co Ltd is a national high-tech backbone enterprise engaged in the development of environmental automatic monitoring. It has always focused on the independent research and development of scientific instruments and big data and is committed to building multi-industry intelligent applications and services that perceive and interconnect all things, and provide strong technical support for the construction of the national ecological environment, water conservancy and public safety. Its main business involves research and development, production and technical services in the fields of intelligent environmental monitoring equipment, environmental monitoring Internet of Things and ecological environment big data, smart water affairs, digital agriculture, and public security.

Executives

He Yuan Ping

Director

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