Beijing Bdstar Navigation Co (SZSE:002151) ROCE % : -3.95% (As of Mar. 2024)

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What is Beijing Bdstar Navigation 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. Beijing Bdstar Navigation Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.95%.

Beijing Bdstar Navigation Co ROCE % Historical Data

The historical data trend for Beijing Bdstar Navigation 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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Beijing Bdstar Navigation Co ROCE % Chart

Beijing Bdstar Navigation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-15.44

4.74

4.46

2.15

-1.12

Beijing Bdstar Navigation 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															-0.06	-1.54	-2.88	0.34	-3.95

Beijing Bdstar Navigation Co ROCE % Calculation

Beijing Bdstar Navigation 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 )
	=	-62.866	/	( ( (7612.28 - 2222.115)	+	(6493.05 - 685.897) )	/ 2 )
	=	-62.866	/	( (5390.165	+	5807.153)	/ 2 )
	=	-62.866	/	5598.659
	=	-1.12 %

Beijing Bdstar Navigation 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 )
	=	-229.252	/	( ( (6493.05 - 685.897)	+	(6389.462 - 598.698) )	/ 2 )
	=	-229.252	/	( ( 5807.153	+	5790.764 )	/ 2 )
	=	-229.252	/	5798.9585
	=	-3.95 %

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

Beijing Bdstar Navigation Co (SZSE:002151) 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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Beijing Bdstar Navigation Co (SZSE:002151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Beijing Bdstar Navigation Co Ltd (SZSE:002151) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.7, Fengxian east road, Yongfeng industrial base, Haidian District, Beijing, CHN, 100094

Website

https://www.bdstar.com

Beijing Bdstar Navigation Co Ltd operates in the satellite navigation industry. The company provides navigation and positioning products, solutions and services for users around the world. Its product line consists of fundamental products, automotive electronics, and specialized application. Bdstar's fundamental product line focuses on the development, application, and promotion of navigation positioning chips, modules, boards, antennas and MWDC components. Bdstar's automotive electronics include infotainment system, reconfigurable instrument cluster, display audio, and radios. In addition, the company also provides industry application and operational services.

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